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This seven-tenant strip center in San Pedro is a prime investment opportunity, offering a strong 6.00%+ CAP rate in the first year. With all leases set to expire by mid-2027 or sooner, the property provides flexibility for future development. Zoned for potential multifamily or mixed-use projects (subject to CPIO limits), it offers long-term value beyond its current retail income. The property also features a spacious parking lot with 25 spaces (5:1 parking ratio), ensuring convenience for tenants and customers alike.
Property Type(s):
Commercial
| Last Updated | 2/7/2025 | Year Built | 1923 |
|---|---|---|---|
| Community | Plaza | County | Los Angeles |
Additional Details
| AIR | None |
|---|---|
| AREA | Plaza |
| CONSTRUCTION | Stucco |
| HEAT | None |
| LOT | 0.34 acre(s) |
| LOT DESCRIPTION | Corner Lot, Level |
| LOT DIMENSIONS | 120x125 |
| STORIES | 1 |
| TAXES | 20263 |
| UTILITIES | Cable Connected,Electricity Connected,Natural Gas Available,Phone Connected,Sewer Connected,Water Connected |
| WATER | Public |
| ZONING | C2 |
Location
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Listed with Re/Max Commercial & Investment
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
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