Historic Brick Mixed-Use
New
For Sale
$1,890,000
709 Centre, San Pedro, CA 90731
1913 corner property combines street-facing retail, basement space, and an upper-level residential component.
Property Size7,896 SF
Lot Size0.11 Acres
Price / SF$239.36
Days on Market6
Property Features for 709 Centre
General Information
Standard status
Active
Size
7,896 SF
Lot size
0.11 Acres
Property subtype
General Commercial
Site & Location
Corner Location
Yes
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$12,081
Amenities
Electric Dryer
Tile
Corner Lot.
Security Lighting, Park. Corner, Public Transport.
Building Details
Year Built
1913
Buildings
1
Construction
brick
Listing Agency:
HH Coastal Real Estate
(310) 850-9951
Listed By:
Peter Hazdovac · License #01897455
(310) 739-9743
Source:
Xome
Added: Aug 30
Changed: Sep 4
Last Checked: Sep 4 at 2:19PM
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 HH Coastal Real Estate
Investment Insights
Based on property information with market context.
Built in 1913, this brick mixed-use building contains 7,896 square feet of interior space on an approximately 4,800-square-foot corner lot. The property includes two street-level retail areas oriented toward 7th Street, along with an open basement reached through a dedicated side entrance on Centre Street. The upper floor contains 22 doors, including an on-site manager’s suite with two beds, a full bath, and a kitchen. The remaining rooms have individual sinks and share community kitchen, bath, and shower facilities.
The property is located at 709 Centre in San Pedro’s Downtown Business, Arts & Cultural District, near West Harbor, Cabrillo Marina, and the dining, retail, and gallery offerings along 6th and 7th Streets. A long-term cell tower lease is also in place, adding another existing component to the property’s mixed-use configuration.
The property is located at 709 Centre in San Pedro’s Downtown Business, Arts & Cultural District, near West Harbor, Cabrillo Marina, and the dining, retail, and gallery offerings along 6th and 7th Streets. A long-term cell tower lease is also in place, adding another existing component to the property’s mixed-use configuration.
Key Highlights
- 1913 brick construction with 7,896 square feet of interior space
- Approximately 4,800‑square‑foot corner lot at 709 Centre
- Two street‑level retail spaces facing 7th Street
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
$159,894
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
8.46%
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%
$3,197,880
$3.2M
Cap Rate 7%
$2,284,200
$2.3M
Cap Rate 9%
$1,776,600
$1.8M
Market Conditions
NOI Build-Up for 7,896 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
$284.3K $36.00/SF
− Vacancy
−$28.4K −$3.60/SF
EGI
$255.8K $32.40/SF
− OpEx
−$95.9K −$12.15/SF
NOI
$159.9K $20.25/SF
Area
Los Angeles, CA
Vacancy
10.00%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
37.50%
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%
$3,197,880
Cap Rate 7%
$2,284,200
Cap Rate 9%
$1,776,600
Alternative Uses
Best Use
Apartment 5plus
$139.60M
$122.15M – $162.86M
NOI $9,771,727 @ 7.0% cap · market cap 517.02%
Second Best
Retail
$2.62M
$2.29M – $3.05M
NOI $183,244 @ 7.0% cap · market cap 9.70%
Theoretical Best
Multifamily LT 5
$159.97M
$139.97M – $186.63M
NOI $11,197,775 @ 7.0% cap · market cap 592.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,659
Businesses Nearby
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - 1913 corner property combines street-facing retail, basement space, and an upper-level residential component.
Where is this mixed-use property located?
The property is located at 709 Centre San Pedro, CA.
What is the asking price?
The asking price for this property is $1,890,000.
What are key features of this property?
This property features: 1913 brick construction with 7,896 square feet of interior space; Approximately 4,800‑square‑foot corner lot at 709 Centre; Two street‑level retail spaces facing 7th Street
