San Pedro Office Building
805 S Gaffey St, Los Angeles, CA 90731
Prime San Pedro commercial property with high visibility and retail potential.
Type:Office
Property size:
2,226 SFPrice / SF:
$426/SF- Added:
- Aug 1, 2024
- Days on Market:
- 669
- Last Refresh:
- May 12 at 9:41 pm
Property Features for 805 S Gaffey St
General Information
- Standard status
- Active
- Size
- 2,226 SF
- Property subtype
- Office
Building Details
- Year Built
- 1959
Listing agent Daniel Yodice License #CA 02043962
Listing office Caskey Commercial Real Estate Group
Listing date Aug 1, 2024
Source Crexi
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
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.
- Ideal for both commercial investors and owner‑users.
- Includes multiple units (805, 807, 809) offering flexibility in use and rental potential.
- Rear parking access for convenience.
Overview
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.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $86.5k | $38.88 |
| − Vacancy | −$16.1k | −$7.23 |
| EGI | $70.4k | $31.65 |
| − OpEx | −$17.6k | −$7.91 |
| NOI | $52.8k | $23.74 |
2,226 SF · lease $38.88/SF/yr · vacancy 18.60% · expense 25.00%
Alternative Uses
Best Use
Office B
$754.8K
$660.5K – $880.6K
NOI $52,837 @ 7.0% cap · market cap 5.57%
Second Best
Retail
$738.0K
$645.7K – $861.0K
NOI $51,659 @ 7.0% cap · market cap 5.44%
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 local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Office Units
Map
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Longitude
- -118.29259
- Latitude
- 33.73672
Nearby Similar for Sale
FAQs
What type of property is this?
Office units - Prime San Pedro commercial property with high visibility and retail potential.
Where is this office units 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.
