601-611 W 6th St - Retail FOR SALE


San Pedro, CA 90731- Central San Pedro
$1,524,000 USD
424-293-8085
601-611 W 6th St, San Pedro, CA for Sale
$1,524,000 USD
Retail - FOR SALE
1/9
null | 6.25% Cap Rate

601-611 W 6th St
San Pedro, CA 90731
Central San Pedro


HIGHLIGHTS

  • Attractive In Place Cap Rate of 6.25%
  • Low Price per sq. ft. of $263 (building)
  • 6 Parking Stalls
  • Gated Parking Lot
  • Corner Location

OVERVIEW

This fully occupied retail center is located in the vibrant neighborhood of San Pedro, CA. The property is situated on a commercial corner and includes a gated parking lot for tenant parking. The building is comprised of 6 commercial units averaging 964 sq. ft. each. The small unit sizes are very attractive to tenants and have always been easily rented. Current tenants are as follows: 1) Production studio. 2) Velvet Hair Salon. 3) Smoke Shop. 4) Fit Lab Gym. 5) Premiere Chiropractic. 6) Vuk Jiu-Jitsu. Each store is individually metered for electricity and gas. At an existing actual cap rate of 6.25%, this asset offers investors an attractive and reliable return on investment. All leases are NNN. The current NOI is $95,256. The property has 6 parking stalls on site. The property is located in the heart of San Pedro which boasts one of the strongest population densities in L.A. County. Within a one mile radius from the property, there is a population base of over 41,000 residents. In addition, within a 3 mile radius of the property the average household income is $110,938. There are scores of national retailers in the area, including McDonald’s, Starbucks, Jack & The Box, KFC, CVS, and Del Taco all within ¼ mile of the subject property. This strategic location facilitates international trade and logistics, making it a prime location for businesses involved in shipping, manufacturing, and distribution as well. Small businesses thrive in the area supported by a strong local community and initiatives to foster entrepreneurship.

FOR SALE DETAILS

PRICE

$1,524,000 USD

PRICE/SF

$264 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Fully Occupied 6 Unit Retail - 6.25% Cap Rate

PROPERTY TYPE

Retail

ADD'L SUBTYPES

undefined, Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1950

SPRINKLERS

-

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,408 SF

ZONING

C2, Los Angeles

APN/PARCEL ID

7451-036-011

ASK ABOUT THIS PROPERTY

Chris ComfortApex PropertiesMore Info
424-293-8085

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Chris ComfortApex PropertiesMore Info
424-293-8085

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.