Views
Address
395 W 7th Street San Pedro, CA
Price
$ 999,000
Property Attributes
  • MLS#PV20254552
  • TypeCommercial
  • CountyLOS ANGELES
  • CitySan Pedro
  • AreaBarton Hill
  • Zip90731
  • StyleMixed Use
  • Price$ 999,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage3754
Listing Provided Courtesy Of:
Rita DeBolt with Engel & Volkers LA-South Bay.
Property Description

Great opportunity to subsidize your commercial business with the rental income from the upstairs 2 residential units! Makes your cost for the commercial space less than rent (especially after tax benefits!). The commercial space has high ceilings (approx 14 ft), lots of outlets, 2 bathrooms w/showers and two kitchen areas, garage door for loading or car entry that has a high opening. Lots of possibilities. City says it can be used for an auto service, retail, etc., as well as convert both giant downstairs bays into residential ( buyer to verify). Downstairs is already divided into 2 separate commercial spaces (see diagram). Last tenant used both spaces and paid $4000/mo. Tax records show an incorrect sqft of 2,413 SF. However, the City Report shows the building layout permitted in 1992 exactly as it is now (nothing has been added), so the city thinks perhaps that is the SF the prior original building. The 3,754 SF was obtained from a professional who measured the building. (BTw) Floorplan incorrectly shows two full baths in residential unit C which has only 1.5 baths. Trust sale - no court approval needed. Some nice views from the upstairs balconies of Harbor and the mountains. There are at lesat 6 on-ssite parking spots! The whole area has improved over the years and is charming. ** The seller is considering having one of the rental units vacated, so you can easily remodel/update and therefore increase the income. ** This could become an incredible 4 plex!

Price History
12/11/2020 Listed $999,000

General Features

Building Features Living Quarters
Business Type Auto Body, Commercial, Mixed, Multi-Tenant, Parking, Rental, Retail
Co-Listing Agent Last Name Nick
Co-Listing Agent Last Name Peters
Co-Listing Agent State License # 00880972
Co-listing Agent Nick Peters - BRE#00880972
Construction Materials Stucco
Current Financing None
Directions Corner of 7th St and Mesa, east of Pacific
Listagentaor Palos Verdes Peninsula
Listing Agent Rita DeBolt - BRE#00627092
Listing Agent State License 00627092
MLS Area 189 - Barton Hill
Number of Units Leased 2
Price Per Square Foot 266.12
Property SubType Mixed Use
Property Type Commercial Sale
Security Features Carbon Monoxide Detector(s), Smoke Detector(s), Window Bars
Source System CRMLS
Special Listing Conditions Standard, Trust
Total Units 3
Utilities Electricity Connected, Natural Gas Connected, Sewer Connected, Water Available, Water Connected
Zoning LACM

Interior Features

Condo Area Unit Type Square Feet
Laundry Features In Kitchen, Inside, Washer Hookup
Total Stories 2

Exterior Features

Building Area Total 3754.00
Fence Y/N Yes
Land Use Multi-Family, Retail
Lot Size Source Assessor
Number of Buildings 1
Total Parking 8.00
Uncovered Spaces 8.00
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 90731

Price
AVG $510K
$1,000K
Visits
AVG 69
5
Year Built
AVG 1952
1992