SAN PEDRO, CA
1221 S PACIFIC AVENUE,
SAN PEDRO, CA 90731
1221 S Pacific Avenue, San Pedro, CA 90731
Address:
Property Type:
Retail Storefront
Price:
$1,069,200
Building Square Feet:
7,950 SF
Lot Size:
0.22 Acres
Price Per Square Foot:
$134.49
Year Built:
1918
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About the Property
7,950-Square-Foot Retail Property on 0.22-Acres of Land
Owner-User or Investor Lease Up Opportunity with Long-term Development Potential
Property is Comprised of Two Buildings Allowing for Single or Multi-Tenant Use
Features 14’-16’ Clear-Height, Three-Phase Power, and One (1) Ground-Level Door
Hard-Corner Location with 180' Frontage on Pacific Avenue and 100' on 12th Street
About the Location
Positioned Within the Beach Cities/Palos Verdes Submarket Containing 10.7 Million Square Feet of Retail Property
750 New Residential Units Under Construction within 3 Block Radius & $1.1 B in Completed Investments in 2023
Located Less Than 20 Miles from Downtown Los Angeles with Immediate I-110 Access
Marcus & Millichap is pleased to present the opportunity to acquire the property located at 1221 S Pacific Avenue in San Pedro, California, for sale as vacant and sold together or separate. The subject property consists of approximately 7,950 square feet of retail space and is situated on 0.22 acres of land. The two-building asset features a clear height of 14’-16’, three-phase power, one ground level door and 180’ feet of street frontage on the heavily trafficked S Pacific Avenue, located on a hard corner. The property can be acquired for owner-user use or an investor with lease-up potential at the close of escrow.
The Los Angeles metropolitan area is home to a diverse population of 10.1 million, including over 4 million residents within city limits. The second largest city in the U.S. boasts an 81-mile coastline along the Pacific Ocean and is encircled by the picturesque Santa Monica and San Gabriel mountains, including the towering Mount San Antonio. Simply known as L.A., the city features a well-connected transportation network, including major interstates, Amtrak, Metrolink, and Los Angeles International Airport (LAX). The entertainment industry, nine Fortune 500 companies, and a prominent aerospace sector drive the economy. Los Angeles’ industrial activity is anchored by the Ports of L.A. and Long Beach which play a major role in the domestic supply chain as the leading point of imports from East Asia. With a growing population and high home prices, Los Angeles remains a vibrant and culturally rich metropolis.
Investment Overview
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, express or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2024 Marcus & Millichap. All rights reserved.