Warehouse with Secure Fenced
For Sale
Contact for pricing
661 N Pacific Ave, San Pedro, CA 90731
Free-standing warehouse includes a large secure fenced yard, 12' clear height, and a GL door with 200A power.
Property Size3,288 SF
Price / SF$460.77
Days on Market82
Property Features for 661 N Pacific Ave
General Information
Standard status
Active
Size
3,288 SF
Property subtype
INDUSTRIAL
Site & Location
Fenced Yard
Yes
Outdoor Storage
Yes
Warehouse & Industrial
Clear Height
12 ft
Drive-In Doors
1
Listing Agency:
Re/Max Commercial
(310) 802-2500
Listed By:
Jeffery Turek · License #1260097
(310) 802-2545
Source:
Moodyscre
Added: Jun 24
Changed: Sep 11
Last Checked: Sep 12 at 9:56AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Re/Max Commercial
Investment Insights
Based on property information with market context.
This free-standing warehouse is offered with a large, secure fenced yard and 12' clear height. The building includes one GL door and is supported by 200 amps at 240 volts of power. Inside, there are three bathrooms, including a shower.
The property is located at 661 N Pacific Ave in San Pedro, CA 90731, offering a self-contained yard configuration suitable for operations that benefit from controlled outdoor storage.
The facility is a compact warehouse structure with basic power and sanitary amenities, complemented by perimeter fencing and direct access via the GL door.
The property is located at 661 N Pacific Ave in San Pedro, CA 90731, offering a self-contained yard configuration suitable for operations that benefit from controlled outdoor storage.
The facility is a compact warehouse structure with basic power and sanitary amenities, complemented by perimeter fencing and direct access via the GL door.
Key Highlights
- Free‑standing warehouse with large secure fenced yard
- 12' clear height
- One (1) GL door
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$49,598
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.27%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$991,960
$992.0K
Cap Rate 7%
$708,543
$708.5K
Cap Rate 9%
$551,089
$551.1K
Market Conditions
NOI Build-Up for 3,288 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$62.3K $18.96/SF
− Vacancy
−$4.0K −$1.21/SF
EGI
$58.4K $17.75/SF
− OpEx
−$8.8K −$2.66/SF
NOI
$49.6K $15.08/SF
Area
Los Angeles, CA
Vacancy
6.40%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$991,960
Cap Rate 7%
$708,543
Cap Rate 9%
$551,089
Alternative Uses
Best Use
Warehouse
$708.5K
$620.0K – $826.6K
NOI $49,598 @ 7.0% cap · market cap 3.27%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$66.61M
$58.29M – $77.72M
NOI $4,662,903 @ 7.0% cap · market cap 307.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
12 ft
Clear height
1
Drive-in doors
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
3,746
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 90731, CA
61,270
Population
24,477
Households
2.5
Avg Household Size
38
Median Age
25%
College-Educated
81%
High-School Grad
9.3 sq mi
ZIP Area
6,588
Density / Sq Mi
$71,936
Median Household Income
$41,324
Median Earnings
$1,645
Median Rent
$808,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in West region
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Frequently Asked Questions
What type of property is this?
Warehouse - Free-standing warehouse includes a large secure fenced yard, 12' clear height, and a GL door with 200A power.
Where is this warehouse located?
The property is located at 661 N Pacific Ave San Pedro, CA.
What is the asking price?
The asking price for this property is $1,515,000.
What are key features of this property?
This property features: Free‑standing warehouse with large secure fenced yard; 12' clear height; One (1) GL door
