Corner Lot Commercial
For Sale
$950,000
800 W 9th, San Pedro, CA 90731
Freestanding building on corner lot suitable for office or retail.
Property Size2,196 SF
Price / SF$432.60
Days on Market187
Property Features for 800 W 9th
General Information
Standard status
Active
Size
2,196 SF
Building Details
Year Built
1926
Listing Agency:
Re/Max Commercial & Investment
Listed By:
Stephen Lampe · License #01164364
(310) 880-1151
Source:
Myfabuloushome
Added: Apr 24
Changed: Oct 25
Last Checked: Oct 7 at 4:40PM
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 Re/Max Commercial & Investment
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This is a free standing commercial building located on a prominent corner lot at the signalized intersection of Cabrillo and 9th Street. The property has curb appeal with signage on the corner. There are two entrances, allowing a buyer to convert the open space into two or possibly three spaces. The interior features high ceilings with decorative tiles, and the floor is exposed concrete that is painted. There are four parking spaces on the parcel accessible from the open alleyway. The C2 zoning allows for a wide range of uses, and the San Pedro Overlay Zone minimizes the parking requirements. It is suitable for a small office such as a CPA, real estate, insurance, escrow office, or any general business office. It is also suitable for retail uses, and might be possible for some medical office uses. The bike score is 56, making it bikeable. The walk score is 82, indicating it is very walkable. The transit score is 45, indicating some transit options are available.
Key Highlights
- Prominent corner lot location at a signalized intersection.
- C2 zoning allows for a wide range of office or retail uses.
- High ceilings with decorative tiles and exposed concrete floors.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,963
Cap Rate
5.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,019,260
$1.0M
Cap Rate 7%
$728,043
$728.0K
Cap Rate 9%
$566,256
$566.3K
Market Conditions
NOI Build-Up for 2,196 SF
Gross rent
$81.2K $36.96/SF
− Vacancy
−$8.4K −$3.81/SF
EGI
$72.8K $33.15/SF
− OpEx
−$21.8K −$9.95/SF
NOI
$51.0K $23.21/SF
Area
Los Angeles, CA
Vacancy
10.30%
Lease Rate
$36.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,019,260
Cap Rate 7%
$728,043
Cap Rate 9%
$566,256
Alternative Uses
Best Use
Retail
$728.0K
$637.0K – $849.4K
NOI $50,963 @ 7.0% cap · market cap 5.36%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$44.49M
$38.93M – $51.90M
NOI $3,114,275 @ 7.0% cap · market cap 327.82%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
11,671
Businesses Nearby
Well-served
Demand for This Use
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
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
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Frequently Asked Questions
What type of property is this?
Storefront property - Freestanding building on corner lot suitable for office or retail.
Where is this storefront property located?
The property is located at 800 W 9th San Pedro, CA.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Prominent corner lot location at a signalized intersection.; C2 zoning allows for a wide range of office or retail uses.; High ceilings with decorative tiles and exposed concrete floors.
