Retail Building on Pacific
705 S Pacific San Pedro, CA 90731
For Sale
Contact for pricing
Three-unit retail building in San Pedro's PBID.
Property Size4,550 SF
Price / SF$262.64
Days on Market142
Property Features for 705 S Pacific
General Information
- Standard status
- Active
- Size
- 4,550 SF
- Property subtype
- Special Purpose
Building Details
- Year Built
- 1927
Listing Agency:
Century 21 Union Realty Co Torrance
Listed By:
Mitch Graves · License #01260315
Source:
Crexi
Added: Mar 6
Changed: Jul 6
Last Checked: Jul 25 at 11:14AM
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 Century 21 Union Realty Co Torrance
Investment Insights
Based on property information with market context.
This three-unit retail building features 90 feet of frontage on Pacific Avenue in San Pedro. Situated in the heart of the San Pedro Property Business Initiative District (PBID), this property presents an investment opportunity to rehabilitate and capitalize on the revitalization of the 6th & 7th Street downtown areas, the Warner Grand Theatre, the new West Harbor waterfront development, and multiple new high-end apartment units. The current configuration includes an approximately 1650-square-foot barber shop, an approximately 2300-square-foot pawn shop, and an approximately 4550-square-foot secondhand store with an arcade entrance that could be divided into two separate units. All units are currently under month-to-month NNN leases, offering potential for increased rental income upon rehabilitation.
Key Highlights
- Prime location on historic Pacific Ave in the San Pedro Property Business Initiative District (PBID).
- Significant rent upside potential after rehabilitation.
- Excellent investment opportunity due to the revitalization of the 6th & 7th St downtown areas.
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $168.2k | $36.96 |
| − Vacancy | −$17.3k | −$3.81 |
| EGI | $150.8k | $33.15 |
| − OpEx | −$45.3k | −$9.95 |
| NOI | $105.6k | $23.21 |
4,550 SF · lease $36.96/SF/yr · vacancy 10.30% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.51M
$1.32M – $1.76M
NOI $105,593 @ 7.0% cap · market cap 8.84%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$92.18M
$80.66M – $107.54M
NOI $6,452,619 @ 7.0% cap · market cap 539.97%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Storefront properties
Similar Off Market Nearby
- Sofaisy Designs — 600 1/2, Mildred Ave, Venice, CA 90291
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- Unicorn Petals — 1629 Abbot Kinney Blvd, Venice, CA 90291
- Flower Distrikt — 1629 Abbot Kinney Blvd, Venice, CA 90291
- Juicy Leaf — 1639 Abbot Kinney Blvd, Venice, CA 90291
FAQs
What type of property is this?
Storefront property - Three-unit retail building in San Pedro's PBID.
Where is this storefront property located?
The property is located at 705 S Pacific San Pedro, CA.
What is the asking price?
The asking price for this property is $1,195,000.
What are key features of this property?
This property features: Prime location on historic Pacific Ave in the San Pedro Property Business Initiative District (PBID).; Significant rent upside potential after rehabilitation.; Excellent investment opportunity due to the revitalization of the 6th & 7th St downtown areas.
