Historic Mixed-Use Property with
New
For Sale
$1,890,000
709 S Centre, San Pedro, CA 90731
San Pedro, CA
Property Size7,800 SF
Lot Size0.11 Acres
Price / SF$242.31
Days on Market5
Property Features for 709 S Centre
General Information
Property type
Commercial Sale
Property subtype
Other
Bedrooms
3
Rooms
Laundry Room, Bedroom 3, Basement, Bedroom 1, Bedroom 2
Interior features
Built-in Features, 2 Staircases, Brick Walls
Fencing
Brick, Chain Link
Lot features
Corner Lot, Level with Street, 0-1 Unit/ Acre, Near Public Transit, Park Nearby
Directions
7th St to Centre St.
Subdivision
185 - Plaza
Standard status
Active
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2026
Utilities
Utilities
Electricity Available
Sewer type
Public Sewer
Heating system
Forced Air
Water source
Public
Building Details
Year built
1913
Floors in Building
3
Number of units
24
Flooring type
Tile, Vinyl
Building materials
Brick, Stucco, Brick Veneer
Roof type
Flat
Listing Agency:
HH Coastal Real Estate
(310) 850-9951
Listed By:
Peter Hazdovac · License #01897455
(310) 739-9743
Added: Sep 15
Changed: Sep 17
Last Checked: Sep 19 at 10:06PM
MLS# PV26195347
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.
Investment Insights
Based on property information with market context.
Constructed in 1913, this brick mixed-use building provides just over 7,800 square feet of interior space on an approximately 4,800-square-foot corner lot. Two street-facing retail areas occupy the ground level, while the basement has a separate side entry from Centre Street and offers additional adaptable space. The upper floor contains 22 doors, including an on-site manager’s suite with two bedrooms, a full bathroom, and a kitchen. The remaining rooms include individual sinks and share community kitchen, bathroom, and shower facilities. Interior features include brick walls, two staircases, tile and vinyl flooring, and forced-air heating.
The property is located in San Pedro’s Downtown Business, Arts & Cultural District, near the West Harbor waterfront development, Cabrillo Marina, and the dining, retail, and gallery offerings along 6th and 7th Street. Public water and sewer serve the property, with electricity available, and major freeway access connects the site with Los Angeles and South Bay employment and cultural centers.
The property is located in San Pedro’s Downtown Business, Arts & Cultural District, near the West Harbor waterfront development, Cabrillo Marina, and the dining, retail, and gallery offerings along 6th and 7th Street. Public water and sewer serve the property, with electricity available, and major freeway access connects the site with Los Angeles and South Bay employment and cultural centers.
Key Highlights
- Just over 7,800 sf of interior space on an approximately 4,800 sf corner lot
- Constructed in 1913 with brick walls, brick construction, and stucco elements
- Two street‑level retail spaces facing 7th St.
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
$157,950
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
8.36%
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%
$3,159,000
$3.2M
Cap Rate 7%
$2,256,429
$2.3M
Cap Rate 9%
$1,755,000
$1.8M
Market Conditions
NOI Build-Up for 7,800 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
$280.8K $36.00/SF
− Vacancy
−$28.1K −$3.60/SF
EGI
$252.7K $32.40/SF
− OpEx
−$94.8K −$12.15/SF
NOI
$158.0K $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%
$3,159,000
Cap Rate 7%
$2,256,429
Cap Rate 9%
$1,755,000
Alternative Uses
Best Use
Apartment 5plus
$137.90M
$120.66M – $160.88M
NOI $9,652,922 @ 7.0% cap · market cap 510.74%
Second Best
Retail
$2.59M
$2.26M – $3.02M
NOI $181,016 @ 7.0% cap · market cap 9.58%
Theoretical Best
Multifamily LT 5
$158.02M
$138.27M – $184.36M
NOI $11,061,632 @ 7.0% cap · market cap 585.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
22
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,539
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 - Brick commercial building combining street-level retail, residential rooms, and an adaptable basement area.
Where is this mixed-use property located?
The property is located at 709 S 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: Just over 7,800 sf of interior space on an approximately 4,800 sf corner lot; Constructed in 1913 with brick walls, brick construction, and stucco elements; Two street‑level retail spaces facing 7th St.
