San Pedro Office Building
805 S Gaffey St, Los Angeles, CA 90731
For Sale
Contact for pricing
Prime San Pedro commercial property with high visibility and retail potential.
Property Size2,226 SF
Price / SF$426.33
Days on Market830
Property Features for 805 S Gaffey St
General Information
Standard status
Size
Class
Property subtype
Zoning
Investment Type
Site & Location
Neighborhood
Building Details
Year Built
Year Renovated
Buildings
Stories
Units
Listing Agency:
Caskey Commercial Real Estate Group
Listed By:
Daniel Yodice · License #CA 02043962
(310) 984-1844
Source:
Crexi
Added: Aug 1, 2024
Changed: Nov 1
Last Checked: Nov 6 at 9:15AM
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 Caskey Commercial Real Estate Group
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Investment Insights
Based on property information with market context.
Located in a prime location in San Pedro, this mid-century style office building offers an investment opportunity with high visibility on Gaffey Street, a major commercial corridor near freeways and the new West Harbor waterfront development. Neighboring high-traffic tenants include Starbucks, 7-11, CVS, and the Sandwich Saloon. The recently remodeled space features a contemporary design suitable for immediate use, making it an ideal location for professional offices with retail potential. The property totals 2226 square feet. Unit 805 includes a large reception area, three private office spaces with natural light, a large storage room, two remodeled restrooms, and rear parking access, along with access to a central courtyard shared with Unit 807. Unit 807 features a reception area, a large private office, a remodeled restroom, and rear parking access. Unit 809 is an open workspace with large windows, a storage closet, and a remodeled restroom. This property is suitable for both commercial investors and owner-users.
Key Highlights
- Prime location on high‑visibility Gaffey Street in San Pedro, a major commercial corridor.
- Close proximity to freeways and the new West Harbor waterfront development.
- Recently remodeled with a contemporary design, ready for immediate use.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,837
Cap Rate
5.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,056,740
$1.1M
Cap Rate 7%
$754,814
$754.8K
Cap Rate 9%
$587,078
$587.1K
Market Conditions
NOI Build-Up for 2,226 SF
Gross rent
$86.5K $38.88/SF
− Vacancy
−$16.1K −$7.23/SF
EGI
$70.4K $31.65/SF
− OpEx
−$17.6K −$7.91/SF
NOI
$52.8K $23.74/SF
Area
Los Angeles, CA
Vacancy
18.60%
Lease Rate
$38.88 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,056,740
Cap Rate 7%
$754,814
Cap Rate 9%
$587,078
Alternative Uses
Best Use
Office B
$754.8K
$660.5K – $880.6K
NOI $52,837 @ 7.0% cap · market cap 5.57%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$45.10M
$39.46M – $52.61M
NOI $3,156,820 @ 7.0% cap · market cap 332.65%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,269
Businesses Nearby
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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
$808,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Office Units in Los Angeles, CA
Properties on Market for Office Units in Los Angeles
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office unit - Prime San Pedro commercial property with high visibility and retail potential.
Where is this office unit located?
The property is located at 805 S Gaffey St Los Angeles, CA.
What is the asking price?
The asking price for this property is $949,000.
What are key features of this property?
This property features: Prime location on high‑visibility Gaffey Street in San Pedro, a major commercial corridor.; Close proximity to freeways and the new West Harbor waterfront development.; Recently remodeled with a contemporary design, ready for immediate use.
