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    1008 Pacific Ave Los Angeles, CA 90731

    Sponsored
    For Lease
    $24 SF/Yr

    Historic building, flexible spaces available

    Lot size:
    11,360 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This charming, two-story, 11,360 square foot building, constructed in 1913 and renovated in 2008, offers multiple tenancy options in the heart of San Pedro's Arts and Cultural District. The building features attractive brick walls and hardwood floors, creating a unique and inviting atmosphere. Individual suites range from 150 to 226 square feet, perfect for small businesses and entrepreneurs. Amenities include 24-hour access, a community conference room with skylights, and central air conditioning. The building boasts a corner lot location, providing excellent visibility. A security system is in place for added peace of mind. Conveniently located near major banks and public transportation, this property benefits from its proximity to the upcoming West Harbor Waterfront Development, which promises significant economic growth. The building's C2 zoning allows for a variety of commercial uses. Its central location offers easy access to the 110 and 47 freeways, providing convenient access to the rest of Southern California, including Long Beach, the Palos Verdes Peninsula, and downtown Los Angeles. The building is part of a thriving creative community, with a diverse tenant mix including professional offices, and other entrepreneurial ventures. This is an exceptional opportunity to establish a presence in a rapidly developing area with strong growth potential.

    Property Features for 1008 Pacific Ave

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    11,360 SF
    Class
    C
    Total Rate
    22720

    Building Details

    Year Built/Renovated
    1913/2008
    Buildings
    1
    Stories
    2

    Unit(s) available at that property

    Space
    214
    Size
    220 SF
    Rate per SF
    $24
    Space
    212
    Size
    206 SF
    Rate per SF
    $24
    Space
    203
    Size
    226 SF
    Rate per SF
    $24
    Space
    210
    Size
    150 SF
    Rate per SF
    $24
    Space
    216
    Size
    220 SF
    Rate per SF
    $24

    HighLights

    • 11,360 square foot, Class C office building with multiple tenancies available.
    • Building features 150‑226 square foot suites, ideal for small businesses.
    • Located in San Pedro's Arts & Cultural District, offering high visibility and convenient access to major freeways (110 & 47).
    • Building amenities include 24/7 access, a conference room, and regional air conditioning.
    • Recent renovations (2008) in a charming, historic (1913) brick building with hardwood floors.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.28798205156
    Latitude
    33.73498335211

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    FAQs

    What type of property is this?
    Office space - Historic building, flexible spaces available
    Where is this office space located?
    The property is located at 1008 Pacific Ave Los Angeles, CA.
    What is the lease rate?
    The lease rate is $24 SF/Yr.
    What are key features of this property?
    This property features: 11,360 square foot, Class C office building with multiple tenancies available.; Building features 150-226 square foot suites, ideal for small businesses.; Located in San Pedro's Arts & Cultural District, offering high visibility and convenient access to major freeways (110 & 47).
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1008 Pacific Ave Los Angeles, CA 90731
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