Office Building with Private
690 W 18th Street, San Pedro, CA 90731
For Sale
$685,000
Pending
Commercial Sale, San Pedro, CA
Property Size912 SF
Lot Size0.11 Acres
Days on Market146
Property Features for 690 W 18th Street
General Information
Property type
Property subtype
Directions
Subdivision
Standard status
APN
Lot size
Additional Details
Property Use
Utilities
Cooling system
Amenities
reception/lobby area
conference room
storage room
kitchenette
private balcony
Building Details
Year built
Listing Agency:
Strand Hill Properties
(310) 541-6566
Listed By:
Jake Sullivan · License #01970185
(310) 984-4608
Added: Jun 16
Changed: Nov 2
Last Checked: Nov 8 at 3:06AM
MLS# PV26131686
Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Set on a 5,000-square-foot lot, this 912-square-foot office property includes a detached garage and on-site parking. The 1920 building has a reception and lobby area, three private offices, a conference room, storage, a kitchenette, a bathroom, and a private balcony. Central air is installed, and the property is currently generating gross income.
The site is zoned LAC2 and has frontage on Gaffey Street, with alley access. Downtown San Pedro, the Port of Los Angeles, and the planned West Harbor waterfront development are nearby. The combination of enclosed office rooms and supporting spaces provides a defined configuration within a compact commercial building.
The site is zoned LAC2 and has frontage on Gaffey Street, with alley access. Downtown San Pedro, the Port of Los Angeles, and the planned West Harbor waterfront development are nearby. The combination of enclosed office rooms and supporting spaces provides a defined configuration within a compact commercial building.
Key Highlights
- 912‑square‑foot office building on a 5,000‑square‑foot lot
- Three private offices, reception and lobby, conference room, storage, kitchenette, and bathroom
- Detached garage, on‑site parking, and alley access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,647
Cap Rate
3.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$432,940
$432.9K
Cap Rate 7%
$309,243
$309.2K
Cap Rate 9%
$240,522
$240.5K
Market Conditions
NOI Build-Up for 912 SF
Gross rent
$35.5K $38.88/SF
− Vacancy
−$6.6K −$7.23/SF
EGI
$28.9K $31.65/SF
− OpEx
−$7.2K −$7.91/SF
NOI
$21.6K $23.74/SF
Area
Los Angeles, CA
Vacancy
18.60%
Lease Rate
$38.88 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$432,940
Cap Rate 7%
$309,243
Cap Rate 9%
$240,522
Alternative Uses
Best Use
Office B
$309.2K
$270.6K – $360.8K
NOI $21,647 @ 7.0% cap · market cap 3.16%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$18.48M
$16.17M – $21.56M
NOI $1,293,360 @ 7.0% cap · market cap 188.81%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
4,242
Businesses Nearby
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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
$808,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Office buildings in Los Angeles County, CA
Properties on Market for Office buildings in Los Angeles County
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office building - A reception area, conference room, kitchenette, and detached garage complement the office layout.
Where is this office building located?
The property is located at 690 W 18th Street San Pedro, CA.
What is the asking price?
The asking price for this property is $685,000.
What are key features of this property?
This property features: 912‑square‑foot office building on a 5,000‑square‑foot lot; Three private offices, reception and lobby, conference room, storage, kitchenette, and bathroom; Detached garage, on‑site parking, and alley access
