805 Gaffey St Los Angeles, CA 90731
- Office buildings
- 2,226 SF
- 0.09 lot acres
Current Use by Public Records
- Office buildings
Property Details for 805 Gaffey St
- Year built
- 1959
- Construction
- WOOD
- Lot size
- 0.09 lot acres
- Property size
- 2,226 SF
- Zone code
- LAC2
- Property type
- Office buildings
- APN
- 7454-006-025
- APU
- 7454006025
Description
This exceptional investment opportunity presents a beautifully remodeled, single-story office building situated on a high-traffic commercial corridor in San Pedro, California. The 2,226 square foot property, built in 1959 and renovated in 2019, is comprised of three units within a single building on a 3,822 square foot lot. The asking price is $995,000, translating to $446.99 per square foot. The property boasts an extremely high visibility location on Gaffey Street, benefiting from an average daily traffic count exceeding 35,000 (2023 data). Its prime location is further enhanced by its proximity to major freeways and the new West Harbor waterfront development, surrounded by high-traffic tenants such as 7-Eleven, Starbucks (Drive-Thru), CVS, and the Sandwich Saloon. The units offer a mix of configurations, including large reception areas, private offices, ample natural light, storage rooms, and remodeled restrooms. Units share access to a central courtyard. Zoned LAC2, this property is ideal for office, professional, retail, or a combination thereof, making it an attractive option for both commercial investors and owner-users seeking a turnkey operation in a thriving San Pedro location. Rear parking access is available. This is a rare opportunity to acquire a well-maintained, high-visibility commercial property in a rapidly developing area.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $515,000
- ML approach
- $545,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $610,000
- 6.5%
- $565,000
- 7%
- $525,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $444,000
Market price range: $150k - $477k
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Location Insight
- Map
- Local Demand
- City
- San Pedro
- County
- Los Angeles
- State
- California
- Longitude
- -118.293
- Latitude
- 33.7367
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA