Historic Brick Mixed-Use
New
For Sale
$1,890,000
709 S Centre, San Pedro, CA 90731
Corner building combines street-level retail with upper-level residential rooms and shared facilities.
Property Size7,896 SF
Lot Size0.11 Acres
Price / SF$242.31
Days on Market2
Property Features for 709 S Centre
General Information
Standard status
Active
Size
7,896 SF
Lot size
0.11 Acres
Property subtype
Commercial
Site & Location
Corner Location
Yes
Highway Access
Yes
Road Access
Yes
Additional Details
Multifamily Units
22
Taxes and HOA fees
Annual Taxes
$12,081
Building Details
Building Size
7,896 SF
Year Built
1913
Buildings
1
Units
24
Construction
brick
Tenancy
Multi
Listing Agency:
HH Coastal Real Estate
Listed By:
Michael Harper · License #01381971
(310) 850-9951
Source:
Elliman
Added: Sep 4
Last Checked: Sep 4 at 2:51PM
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 provides just over 7,800 sf of interior space on an approximately 4,800 sf corner lot. The property includes two street-facing retail areas, a sizable basement with a separate side entrance on Centre St, and an upper-level residential component with 22 doors. The residential layout includes an on-site manager’s suite with 2 beds, a full bath, and a kitchen, while the other rooms have sinks and share community kitchen, bath, and shower facilities.
The property is located at 709 S Centre 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 & 7th Street. Walk Score is 79, BikeScore is 65, and Transit Score is 44. Major freeway access connects the property with the broader Los Angeles and South Bay markets.
The property is located at 709 S Centre 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 & 7th Street. Walk Score is 79, BikeScore is 65, and Transit Score is 44. Major freeway access connects the property with the broader Los Angeles and South Bay markets.
Key Highlights
- Brick mixed‑use building constructed in 1913
- Just over 7,800 sf of interior space on a 4,800 sf (approx) corner lot
- 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
Property Profile
Current Use
Lease Details
22
Residential units
Multi-tenant
Tenancy
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
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 - Corner building combines street-level retail with upper-level residential rooms and shared facilities.
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: Brick mixed‑use building constructed in 1913; Just over 7,800 sf of interior space on a 4,800 sf (approx) corner lot; Two street‑level retail spaces facing 7th St
