690 W 18th Street, San Pedro, CA 90731

$685,000

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List Price
$685,000
Price Change
▼ $15,000 1783483493
Status
ACTIVE
MLS#
PV26131686
Year Built
1920
Lot Size
5,000
Acres
0.11
Lot Location
0-1 Unit/Acre
Days on Market
43
Property Type
Commercial
Property Sub Type
Business

Property Description

Rare opportunity to acquire a freestanding commercial property with excellent visibility along one of San Pedro's primary commercial corridors. Positioned on highly traveled Gaffey Street and zoned LAC2, this versatile property offers immediate income, future flexibility, and long-term upside in the heart of a rapidly evolving market. Situated on a 5,000 square foot lot, the property features a 912 square foot commercial building, detached garage, on-site parking, alley access, and prominent street frontage with significant daily traffic exposure. The building is currently configured with a reception/lobby area, three private offices, conference room, storage room, kitchenette, bathroom, and private balcony, creating a functional layout suitable for a variety of business uses. The property is currently generating $3,285 per month in gross income from two month-to-month occupants. One tenant occupies the building while a separate food truck operator utilizes a portion of the property, providing immediate cash flow while preserving future flexibility for investors or owner-users. The flexible site layout and LAC2 zoning create opportunities for a wide range of potential uses including professional office, medical or wellness services, retail, creative office, nonprofit organizations, counseling services, educational uses, service-based businesses, food-related concepts, and other permitted commercial uses (buyer to verify). Unlike many commercial properties in the area, this offering combines current income with exceptional flexibility, making it attractive to investors, entrepreneurs, and owner-users alike. Conveniently located just minutes from Downtown San Pedro, the Port of Los Angeles, and the highly anticipated West Harbor waterfront development, the property is well positioned to benefit from the area's continued investment, revitalization, and growth. Buyer to independently verify zoning, square footage, income, tenancy arrangements, permitted uses, and all property information.

Additional Information

Heat
Central
Cooling
Yes
Cooling Description
Central Air
Water
Public
Attached Structure
Detached
Number Of Units Total
2
Gross Scheduled Income
$39,420
Operating Expense
8194

Listing courtesy of Listing Agent: Jake Sullivan (jakesullivanhomes@gmail.com) from Listing Office: Strand Hill Properties.

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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.