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Annie Culbertson &
Debbie Rossetto

Mobile Phone:
408-707-0340
annieculbertson@comcast.net
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Annie Culbertson &
Debbie Rossetto

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Mobile Phone:
408-707-0340
annieculbertson@
comcast.net
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San Pedro CA Real Estate & Commercial for Sale

The median home value in San Pedro, CA is $857,500. This is higher than the county median home value of $790,000. The national median home value is $308,980. The average price of homes sold in San Pedro, CA is $857,500. Approximately 45.51% of San Pedro homes are owned, compared to 47.38% rented, while 5.3% are vacant. San Pedro real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you like to see a property, contact San Pedro real estate agent to arrange a tour today!
Learn more about San Pedro.


Showing Homes Nearby San Pedro, CA
Beds:
n/a
Baths:
Sq.Ft.:
5,775
Status:
Active
MLS#:
CRSB23028502
Type:
Business Opportunities
Lot size:
0.19 Acres
Year built:
1950
A broker reciprocity listing Courtesy: Kyle Snyder - Imperial Real Estate Kyle Snyder KyleSnyder.cre@gmail.com
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Amazing opportunity to acquire a single-story medical arts building for an owner-user, developer, or investor. This corner lot C-2 zoned property is located in an SBA Qualified HUB Zone. Located a block away from historic downtown San Pedro, less than 3 miles to the Palos Verdes Peninsula, 5 miles to Long Beach, and just 20 miles south of downtown Los Angeles, this centrally located single-story medical arts building provides easy access to and from the remainder of Southern California. San Pedro is home to North America's largest port at the LA Waterfront and boasts unprecedented opportunity for expansion with almost 5000 housing starts in various stages of development in and around San Pedro, and multiple commercial developments ready to break ground in Downtown and on the LA Waterfront. From West Harbor, a world-class waterfront dining, retail and entertainment destination, to Alta Sea, an urban, ocean-based campus accelerating marine and scientific research, San Pedro is becoming a cultural, historic, and tourist harborside destination for new generations to rediscover. Focusing on emerging blue technology and innovation, North America's busiest port town is quickly becoming a science and tech-focused, visitor serving destination unmatched in Southern California. 601-611 W 6t

Beds:
n/a
Baths:
Sq.Ft.:
1,093
Status:
Active
MLS#:
CRPV24025939
Type:
Business Opportunities
Lot size:
0.09 Acres
Year built:
1980
A broker reciprocity listing Courtesy: James Zappulla - Keller Williams Realty James Zappulla jameszapp@aol.com
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Price reduced! Former drive through restaurant. Building needs repairs Great exposure main street Gaffey. Alley access. 3,800 square foot lot on main street Gaffey. Approximate 1000 sq ft building in need of repairs.

Beds:
n/a
Baths:
Sq.Ft.:
2,880
Status:
Active
MLS#:
CRSB23228272
Type:
Office, Business Opportunities
Lot size:
0.11 Acres
Year built:
1972
A broker reciprocity listing Courtesy: Stephen Lampe - Re/Max Commercial & Investment Stephen Lampe slampe@remaxcir.com
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The subject property is a commercial medical office building situated on a double lot that totals 9,600 square feet. The parcels are zoned C2 which permit a wide variety of commercial and multi-residential uses. The current property owner has a Chiropractic business that occupies 2,280 square feet of the 2,880 square feet total building area. There is a law firm that occupies Suite B which is 600 square feet on a lease that terminates June 30, 2026 with no renewal options. There is parking in excess of 5 to 1 which is required for medical office space. The interior of Suite A (the medical office) was completely renovated in 2019-2020 and has ADA upgrades to both patient access and the two restrooms in suite A. The building had new HVAC units and upgraded electrical system, and ADA lift/elevation installed at the time of the renovations. The owner of the Chiropractic business is living out of state as of 2023 and will be vacating the space in Suite A at the close of escrow. Dont miss this rare opportunity to acquire a turn-key medical office building in the heart of the San Pedro business district, just minutes from the Port of Los Angeles and the LA Waterfront Development.

Beds:
n/a
Baths:
Sq.Ft.:
8,800
Status:
Active
MLS#:
CRRS24024591
Type:
Business Opportunities
Lot size:
0.23 Acres
Year built:
1938
A broker reciprocity listing Courtesy: Andrew Carter - Fiv Realty Co Andrew Carter andycarterrealty@gmail.com
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Incredible medical building for a owner user and investor to acquire a turnkey custom-built single-story medical office plaza. This corner lot C-2 zoned property is located in an SBA Qualified HUB Zone. One unit is setup as a gym or physical therapy space and has approx 25' high ceilings, industrial lighting, locker rooms with sauna and showers. The second unit is setup for medical use and houses several exam rooms, nurses' station, receptionist and waiting room. And and do used as a urgent care of medical suit. The third unit is currently setup for a dental practice. Call for a tour

Beds:
n/a
Baths:
Sq.Ft.:
1,763
Status:
Active
MLS#:
CRSB23091032
Type:
Retail, Business Opportunities
Lot size:
0.11 Acres
Year built:
1919
A broker reciprocity listing Courtesy: Christina Moya - West Shores Realty, Inc. Christina Moya moyainsurance@yahoo.com
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Stand alone commercial building with rear parking spaces and a detached one car garage, prime location in San Pedro, plenty of street parking, and alongside multiple commercial businesses. Highly transited area and great foot traffic. Current usage is a beauty salon. Location is suitable for doctors office, child care services, rehabilitation center, professional services etc. Building is semi-open entry, featuring two private rooms, kitchen, restroom with vanity, tile flooring throughout, recently painted interior and central heating and cooling.

Beds:
n/a
Baths:
Sq.Ft.:
8,314
Status:
Active
MLS#:
CRSB24071084
Type:
Mixed Use, Business Opportunities
Lot size:
0.21 Acres
Year built:
1929
A broker reciprocity listing Courtesy: Barbara Brogden Bolognini - Real Estate West, Inc. Barbara Brogden Bolognini bbolognini@yahoo.com
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Great investment opportunity for this prime visibility commercial building located in the Historic Waterfront District. This vintage Spanish style building features 4 units, 7 bathrooms, 5 electrical meters, 2 gas meters, 4 parking spaces in the rear alley. Unit #801 and #803 are currently occupied by The Blue Water Clay - a pottery shop/ceramic studio. This unit has been tastefully remodeled and designed to suit the business. Unit #801 features a large roll up door at the rear alley, forklift ramp, storage room, an un upper-level nicely remodeled office. Unit #807 is currently occupied by San Pedro Alano Club and features a large meeting room with private bathroom. Unit #805 is split, with half lease by Blue Water Clay pottery shop, half by San Pedro Alano Club. This property is located in the historic heart of San Pedro just minutes away from the water front, and near many authentic restaurants, pubs, coffee shops, art galleries. Sellers offer private financing at 5% interest rate for qualify buyers. Buyer will verify square footage, zoning, and available uses with City of Los Angeles.

Beds:
n/a
Baths:
Sq.Ft.:
7,450
Status:
Active
MLS#:
CRSB24032242
Type:
Mixed Use, Business Opportunities
Lot size:
0.14 Acres
Year built:
1912
A broker reciprocity listing Courtesy: Michael Edwards - Tower-60 Michael Edwards mikee90245@gmail.com
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Rare opportunity to own a mixed-use property in prime downtown San Pedro! This property features 12 updated studios, 2 retail stores, and a detached single family 2 bedroom house with private alley access. Enjoy the tranquil setting of the private courtyard with lemon and peach trees, as well as the convenience of on-site laundry and walking distance to shopping and dining. Only three blocks to the new re-developed Ports O Call and one block to San Pedro Brewing Co. The studios are spacious and bright, with updated kitchen cabinets, new windows, low flow toilets, pedestal sinks, classic claw foot tubs, and copper plumbing. The studios have had seismic work improvements along with updated alarm/fire systems for safety and peace of mind. New roof installed on main building in May 2023. All units individually metered, tenants pay electricity and gas. Retail stores are located on the ground floor of the main building, facing a busy street with high visibility and foot traffic. Dont miss this chance to own a one-of-a-kind property in a prime location!

Beds:
n/a
Baths:
Sq.Ft.:
7,450
Status:
Active
MLS#:
CRSB24032227
Type:
Business Opportunities
Lot size:
0.14 Acres
Year built:
1912
A broker reciprocity listing Courtesy: Michael Edwards - Tower-60 Michael Edwards mikee90245@gmail.com
View additional info

Rare opportunity to own a mixed-use property in prime downtown San Pedro! This property features 12 updated studios, 2 retail stores, and a detached single family 2 bedroom house with private alley access. Enjoy the tranquil setting of the private courtyard with lemon and peach trees, as well as the convenience of on-site laundry and walking distance to shopping and dining. Only three blocks to the new re-developed Ports O Call and one block to San Pedro Brewing Co. The studios are spacious and bright, with updated kitchen cabinets, new windows, low flow toilets, pedestal sinks, classic claw foot tubs, and copper plumbing. The studios have had seismic work improvements along with updated alarm/fire systems for safety and peace of mind. New roof installed on main building in May 2023. All units individually metered, tenants pay electricity and gas. Retail stores are located on the ground floor of the main building, facing a busy street with high visibility and foot traffic. Dont miss this chance to own a one-of-a-kind property in a prime location!

Beds:
n/a
Baths:
Sq.Ft.:
1,751
Status:
Active
MLS#:
CRSB23014180
Type:
Mixed Use, Business Opportunities
Lot size:
0.11 Acres
Year built:
1999
A broker reciprocity listing Courtesy: Karen Lopez - Remy Owl Corp Karen Lopez Lopez.Karen@aol.com
View additional info

Rare opportunity to purchase a property in the re-development area of San Pedro. This property is zone LAC2 and may be developed into multi-units, condo, motel, offices, shop, or other business purposes. Right behind the famous Raffaello Ristorante, this property is next to a city parking lot for convenience. Three blocks from the boardwalk and with alley access and multiple businesses, shops, restaurants, and entertainment within walking distance, this property is in a prime location. The lot measures 5001 sqft and features a house and detached garage that can be used or redeveloped. Multiple housing developments are going up around the property. Buyer to do its own due diligence.

Beds:
n/a
Baths:
Sq.Ft.:
4,871
Status:
Active
MLS#:
CL24378559
Type:
Business Opportunities
Lot size:
0.25 Acres
Year built:
1918
A broker reciprocity listing Courtesy: Jonathan Nikfarjam - Shield CRE, Inc. Jonathan Nikfarjam jonathan@shieldcre.com
View additional info

Twelve Single-Story Units | Large 10,814-SF Corner Lot | Tremendous Upside Potential - 9.26% Pro-Forma Cap Rate & 8.16 Pro-Forma GRM | Offered at $156,250 Per Unit | Located Less Than 1 Mile from L.A. Waterfront and Upcoming West Harbor Development, San Pedro Promenade & Future Site of 6,200-Seat Waterfront Amphitheater | Six Detached Bungalows - Totaling (Twelve) 1-Bedroom/1-Bathroom Units | Approximately 78% in Rental Upside | Half-Mile to World Cruise Center, Battleship USS Iowa Museum, the Los Angeles Maritime Museum & Port of Los Angeles | Large Lot Presents Future Development Potential

Beds:
n/a
Baths:
Sq.Ft.:
5,331
Status:
Active
MLS#:
CRSB24029198
Type:
Business Opportunities
Lot size:
0.21 Acres
Year built:
1921
A broker reciprocity listing Courtesy: Lucy Milivojevic - eXp Realty of Greater Los Angeles, Inc. Lucy Milivojevic lucy@listedwithlucy.com
View additional info

Welcome to 601 West 13th Street featuring 11 units. This corner property was 10 units and owners registered an ADU (Accessory Dwelling Units) making this now an 11-unit building. Grounds are appealing, private with security gates, and most units have interior upgrades. Significant upside in rental income. Close proximity to the San Pedro waterfront promenade and development of West Harbor Project featuring 42 acres to compose of restaurants, retail, fresh markets, waterside activities, outdoor amphitheater, and more.

Beds:
n/a
Baths:
Sq.Ft.:
3,632
Status:
Active
MLS#:
CL23322585
Type:
Business Opportunities
Lot size:
0.11 Acres
Year built:
1923
A broker reciprocity listing Courtesy: Julia Chen - PLG Estates Julia Chen julia@juliachenestates.com
View additional info

This high vacancy corner lot C2 zoned property presents a prime opportunity for an owner-user with attractive 90% SBA Financing available, or an investor or developer. Located just blocks away from historic downtown San Pedro, and nearby Cabrillo Marina, San Pedro High School, and the work-in-progress waterfront development, this property is well positioned with 124 feet frontage on Gaffey Street with approxmiately 28,000 vehicle per day traffic. San Pedro is home to North America's largest port at the LA Waterfront and boasts unprecedented opportunity for expansion with almost 5000 housing starts in various stages of development in and around San Pedro, and multiple commercial developments ready to break ground in Downtown and on the LA Waterfront. Less than 3 miles to the Palos Verdes Peninsula, 5 miles to Long Beach, and just 20 miles south of downtown Los Angeles, this centrally located single-story retail building provides easy access to and from the remainder of Southern California.

Beds:
n/a
Baths:
Sq.Ft.:
3,253
Status:
NEW LISTING
MLS#:
CRPV24070748
Type:
Business Opportunities
Lot size:
0.11 Acres
Year built:
1972
A broker reciprocity listing Courtesy: Frank Ponce - Coldwell Banker Realty Frank Ponce frank@frankponce.com
View additional info

This is a tremendous opportunity for an owner/user to acquire an affordable LAM1 light manufacturing property in San Pedro located next to the harbor, freeway, and a good labor force in a Qualified Opportunity Zone. The building had recent renovations and additions making the building and making the total square footage of 3,253 including a storage area.

Beds:
n/a
Baths:
Sq.Ft.:
4,230
Status:
Active
MLS#:
CRSB24052998
Type:
Business Opportunities
Lot size:
0.16 Acres
Year built:
1919
A broker reciprocity listing Courtesy: Mistydawn Jones - BerkshireHathaway HomeServices Mistydawn Jones MistydawnRealtor@gmail.com
View additional info

10 Units in the Heart of San Pedro is a perfect property for investors! These units have been cared for and many have been upgraded as they became available. Some of the current rents are low, but the potential is high. Wonderful location close to restaurants, shops and easy access to the South Bay, Long Beach and the docks! This property needs to be sold with 282 W. 11th Street: next door is a 6,757 square foot R2 lot!! Call for details. Opportunity is knocking!

Beds:
n/a
Baths:
Sq.Ft.:
4,800
Status:
Active
MLS#:
CRRS24042943
Type:
Business Opportunities
Lot size:
0.17 Acres
Year built:
1946
A broker reciprocity listing Courtesy: Martin Gonzalez - Realty Executives All Cities Martin Gonzalez allcities.investments1@gmail.com
View additional info

Welcome to this exceptional property for sale in the vibrant heart of San Pedro, California, located near the historic waterfront district. This versatile property is currently being used as an owner-user office for accounting purposes and as a warehouse for a termite company. The property features modern Apple offices, providing a contemporary and efficient workspace. Additionally, there is a large storage area perfect for various business needs, making it an ideal space for an owner-user looking for functionality and flexibility. One of the standout features of this property is the attractive financing options available, with 90% SBA financing offered, making it easier for qualified buyers to acquire this prime real estate. Situated near the largest port of the LA waterfront, this property is at the epicenter of commercial and residential developments. The area is experiencing unprecedented growth, with numerous projects underway and many more poised to break ground soon. This presents an unparalleled opportunity for expansion and investment in a thriving and dynamic location. Don't miss out on this unique opportunity to own a property with a strategic location, versatile space, and excellent financing options. Contact us today to schedule a viewing and explore the endless poss

Beds:
n/a
Baths:
Sq.Ft.:
2,692
Status:
Active
MLS#:
CRPW24061696
Type:
Business Opportunities
Lot size:
0.14 Acres
Year built:
1925
A broker reciprocity listing Courtesy: Steven Bogoyevac - Steven M. Bogoyevac, Broker Steven Bogoyevac steve.bogoyevac@marcusmillichap.com
View additional info

We're pleased to present to market 1030 West 15th Street, an exciting value-add opportunity in San Pedro, California. This offering presents a new investor the rare opportunity to acquire and reposition an entire asset in a strong coastal rental market. 1030 West 15th Street is a 1925 construction that comprises four single-story one-bed/one-bath homes and a rear two-story building that contains one one-bed/one-bath unit above a garage, which a new investor may want to explore converting to an ADU (buyer to verify). The units are all separately metered for gas and electricity and feature attractive water-wise landscaping. The property is well-located in San Pedro directly across from San Pedro High School. San Pedro is a dense coastal submarket that has seen numerous developments in recent years, spurred by the major West Harbor development project, a waterfront mixed-use destination slated to open in 2025.

Beds:
n/a
Baths:
Sq.Ft.:
10,384
Status:
Active
MLS#:
CL24370215
Type:
Business Opportunities
Lot size:
0.29 Acres
Year built:
1920
A broker reciprocity listing Courtesy: Pamela Richardson - Realty Executives Westside Pamela Richardson pamelarichardson@realtyexecutives.com
View additional info

Rare opportunity in San Pedro's revitalization zone! Located directly across the street from the harbor and within walking distance to the newly revitalized Promenade and Town Square project on the waterfront. With stunning views of the harbor and Vincent Thomas Bridge, this property is surrounded by new residential and mixed use developments that links West Harbor and the downtown San Pedro waterfront. The building has been designated a historical building by the city of Los Angeles and was previously operated as Union Baptist Church. Because the building no longer serves as a Church and is vacant, it has been vandalized and is in poor condition, it will require extensive rehab before it can be occupied. Due to the location of this rare development opportunity, the value is in the land. Buyer to do their own due diligence, seller makes no guarantees, sold as is. DUE TO UNSAFE CONDITIONS, PLEASE DO NOT ATTEMPT TO ENTER WITHOUT LISTING AGENT OR OWNER BEING PRESENT.

Beds:
n/a
Baths:
Sq.Ft.:
3,700
Status:
Active
MLS#:
CRSB24004659
Type:
Office, Business Opportunities
Lot size:
0.17 Acres
Year built:
1953
A broker reciprocity listing Courtesy: Haleh Turkaman - Haleh Turkaman Haleh Turkaman HALEH4@AOL.COM
View additional info

This property is in a great location, where the famous Dalquest preschool resided, and is walking distance to Providence Little Company of Mary Hospital, a pharmacy, post office, bus station, elementary school, restaurants, and dental & doctor offices. Potential uses are a preschool, medical office, surgery center, urgent care, dental clinic, veterinary clinic, senior living, rehabilitation clinic/rehab homes, physical therapy, gym or warehouse. Plans were approved for a surgery center but have expired. Access the property from both 7th street or the back alley, which has a wide gate for up to 3 cars/trucks to potentially park in. There are new kitchen cabinets, quartz counter tops and sinks, and the kitcehen also has handicap access. There are also new exterior doors and acoustic ceiling tiles. There is new vinyl flooring and wood base moldings. The building is painted both inside and outside, and there are plans to add a handicap ramp. This asset has a handicap restroom as well as 3 regular restrooms, there is also space to add a laundry room and/or a shower. The copper plumbing and plumbing fixtures are all new, toilets, faucets and sewer are upgraded and new. Each of the large rooms also has its own sink. The roof has been repaired, the electrical is upgraded, and there are n

Beds:
n/a
Baths:
Sq.Ft.:
3,028
Status:
NEW LISTING
MLS#:
CRPV24040535
Type:
Retail, Business Opportunities
Lot size:
0.18 Acres
Year built:
1957
A broker reciprocity listing Courtesy: Trina Gagliano - Vista Sotheby's International Realty Trina Gagliano trina.gagliano@vistasir.com
View additional info

Free standing commercial building along the primary north/south corridor connecting the communities of the South Bay, Palos Verdes Peninsula and San Pedro. Encompassing just over 3,000 square feet and its own 6-space ADA compliant parking lot this opportunity offers multi-use potential with extensive storefront signage and a large monument kiosk sign at the street level. Formerly two suites, the property has been opened into one large space with a retail display counter, private rear storage, LED lighting throughout, security gates and an alarm system with motion and entry point monitors. The combination of this heavily trafficked location with high visibility and in-place features presents an opportunity for various businesses or ventures of consideration.

Beds:
n/a
Baths:
Sq.Ft.:
2,880
Status:
Active
MLS#:
CRSB23172659
Type:
Mixed Use, Business Opportunities
Lot size:
0.1 Acres
Year built:
1952
A broker reciprocity listing Courtesy: Danielle Whitney Moore - Keller Williams Realty Danielle Whitney Moore Danielle.Whitney@TeamWhitney.com
View additional info

Dont miss this truly unique opportunity to put potentially as little as 3.5% down and own 2 side-by-side completely remodeled live/work "loft style" units in the highly desirable Vista Del Oro neighborhood of San Pedro! You can live in one unit on site and run your business, or rent both live/work units out as an investor. One live work unit spans approximately 1,677 square feet, which will most likely be ready for you to live/work in or rent out to a tenant of your choice at the close of escrow, while the other unit spans approximately 1,072 square feet, and is currently rented for $3,150 per month. Each modern style unit is remodeled with sparkling stainless-steel appliances in the spacious kitchens, a separate area with washer and dryer hookups, and gorgeous walk-in showers in the roomy bathrooms. Dont miss 5 fully gated parking spaces off of the alley in the rear, high ceilings, skylights providing abundant natural light, and split A/C and heat units. This building is close to Alma Market, The Chori-Man restaurant, and Colossus Bakery. This property is also close to restaurants, shopping, and nightlife in the downtown San Pedro area, Point Fermin Park, Cabrillo Beach, the Cabrillo Marina, famous Crafted at the Port of Los Angeles, Brouwerij West Brewery, and the Korean

Beds:
n/a
Baths:
Sq.Ft.:
2,450
Status:
Active
MLS#:
CRPV24000954
Type:
Business Opportunities
Lot size:
0.15 Acres
Year built:
1947
A broker reciprocity listing Courtesy: Peter Hazdovac - HH Coastal Real Estate Peter Hazdovac peter@hhcoastal.com
View additional info

A true hidden gem comes to light! The one and only "Corner Store" in San Pedro is for sale and ready for the next generation of ownership. Originally established in 1947, this business/property is a true historical institution in the South Bay. Beautifully arched wooden beam ceilings and "old town" ambiance makes anyone feel right at home. The building, business, and equipment are all included and ready for new ownership to take it to the next level. With the West Harbor waterfront development rapidly progressing in the Port of Los Angeles, the upside for business potential in San Pedro is on the rise! Fully equipped with an extensive refrigeration system, private back office, upgraded kitchen equipment, storage area, and restroom. Newly installed pavers and patio area offer huge potential for outdoor dining. Re-imagine the limitless opportunities for the rear of the property, which may serve as additional outdoor dining, parking, or possible housing to generate additional income. With this being one of the only coastal commercial properties in the exclusive Palisades area, a strong residential base will enhance the potential business that enjoys the beautiful ocean views of Paseo Del Mar (just one block away).

Beds:
n/a
Baths:
Sq.Ft.:
3,944
Status:
Active
MLS#:
CRPW24027650
Type:
Business Opportunities
Lot size:
0.1 Acres
Year built:
1939
A broker reciprocity listing Courtesy: Jose Reyes - Circle Real Estate Jose Reyes TeamReyesRE@Gmail.com
View additional info

Blank slate for the for you to build upon, currently used as a meeting hall and industrial kitchen to meet the needs of a feeding program. Many construction projects going on with in close proximity so may be an opportunity to redevelop for other uses.

Beds:
n/a
Baths:
Sq.Ft.:
5,301
Status:
Active
MLS#:
CRIV24054143
Type:
Business Opportunities
Lot size:
0.17 Acres
Year built:
1965
A broker reciprocity listing Courtesy: ALBERT LE - LE INVESTMENT GROUP ALBERT LE albert.le@leinvestmentgroup.com
View additional info

Introducing The Lagoon Flats, an impressive two-story, seven-unit multifamily investment property situated at 823 Lagoon Ave, Wilmington, CA. This charming garden-style apartment building boasts an attractive exterior, encompassing approximately 5,301 square feet within a 7,512 square foot lot, and holds the LARD1.5 zoning designation. Originally constructed in 1965, The Lagoon Flats underwent a tasteful renovation in 2023, featuring remodeled interior units, a new roof, windows, and drought-tolerant landscaping. The unit composition consists of four one-bedroom/one-bath units, one two bedroom/ two-bath unit, and two two-bedroom/one and

Beds:
n/a
Baths:
Sq.Ft.:
5,301
Status:
Active
MLS#:
CRIV24054268
Type:
Business Opportunities
Lot size:
0.17 Acres
Year built:
1965
A broker reciprocity listing Courtesy: ALBERT LE - LE INVESTMENT GROUP ALBERT LE albert.le@leinvestmentgroup.com
View additional info

SELLER WILL ENTERTAIN ALL OFFERS. Tremendous upside with a potential for the addition of a two bedroom (App. 760SF) ADU to rear garages, with plans and architectural drawing (see photos). Impressive offering actual CAP Rate of 5.25% / Introducing The Lagoon Flats, an impressive two-story, seven-unit multifamily investment property situated at 823 Lagoon Ave, Wilmington, CA. This charming garden-style apartment building boasts an attractive exterior, encompassing approximately 5,301 square feet within a 7,512 square foot lot, and holds the LARD1.5 zoning designation. Originally constructed in 1965, The Lagoon Flats underwent a tasteful renovation in 2023, featuring remodeled interior units, a new roof, windows, and drought-tolerant landscaping. The unit composition consists of four one-bedroom/one-bath units, one two bedroom/ two-bath unit, and two two-bedroom/one and

Beds:
n/a
Baths:
Sq.Ft.:
6,312
Status:
Active
MLS#:
CRPW24004528
Type:
Business Opportunities
Lot size:
0.33 Acres
Year built:
1928
A broker reciprocity listing Courtesy: Vlad Rodov - West Shores Realty, Inc. Vlad Rodov rodovrealestateTC@gmail.com
View additional info

Development opportunity. Cash cow building + Value add! 2 lots with 2 APNs. (7416-032-028 - 7,247sf per assessor) and (7416-032-027 - 7,244sf per assessor) Building sits on one APN, buyer can re-develop or sell the other APN. City says minimum 3 (non-rent controlled) units can be added to the vacant lot. Buyer to check. Beautiful character Spanish style building with tile roof. Bread and butter pride of ownership well-maintained 10 units. Significant RENTAL UPSIDE (raise rents, rent out parking spaces) + add laundry machines for more income. See for yourself - the last rental - apt 4 was rented in December 2023 for $1,500. Market rent is about $16,400/ month, or $196,800/ year. 2023-2024 upgrades - exterior paint, stairs, upper and lower decks refinished, new fence, landscaping, auto sprinklers. Capital improvements since purchase in August 2015 - new main drain line from the building to the street (apx 150 feet). Fresh water lines (copper and pex combination) from main meter. New electrical wiring from meters to subpanels, new subpanels, panels, main breakers, Edison meters (10 units + house meter). Permits will be uploaded to supplements. Parking lot re-paved in 2015. Note -units #5,10 are bigger than the rest. Units #4,9 are studios.


Bay East ©2022. CCAR ©2022. bridgeMLS ©2022 . Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated at 4/18/2024.

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