$1,000,000
$1,259,000
20.6%For more information regarding the value of a property, please contact us for a free consultation.
5,401 Sqft Lot
SOLD DATE : 02/07/2024
Key Details
Sold Price $1,000,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SB23182460
Sold Date 02/07/24
HOA Y/N No
Year Built 1950
Annual Tax Amount $12,844
Tax Year 2022
Lot Size 5,401 Sqft
Lot Dimensions Assessor
Property Description
Stop paying rent! Did you know the most successful exit strategy a business can have is a real estate play?
Unique 5,712 square foot commercial use property with a permitted single-family dwelling, renovated in 2008, located in a certified SBA HUBZone Opportunity Zone in downtown San Pedro. This building is a one-of-a-kind, with its memorable, aesthetically pleasing, inspirational, upgraded high-domed roof, giving you soaring ceiling heights(16 feet high) on the 2nd floor. Along with the main level, accessible by 2 roll-up doors (9 feet and 7’ 9” high respectively) for large pieces of equipment and forklift access, with 14 foot high ceiling with a cool industrial look of concrete, heavy lumber and steel truss construction. The major permitted upgrades were performed in 2008. Zoned LAC2 Commercial, permitted for Retail with Limited Manufacturing, Retail Contr. Businesses, Churches, Schools, Auto Sales, R4 uses including Multiple Dwelling, Child Care, Homeless Shelter.
The rear of the first floor building houses a permitted 1,780 square foot ‘Artist in Residence Space’, which is a well-appointed apartment with vaulted ceilings, room to create, roll-up door access and includes stainless steel appliances in the kitchen and claw-foot tub in the full bathroom, plus ¼ bath. Washer and gas dryer included. Small green area to relax in outside of the living quarters.
Central heating and Air Conditioning. Five, gated tandem parking spots.
New construction and ground breaking nearby is quickly adding value to the neighborhood. This property is close to the huge, multi-million dollar waterfront Ports O’ Call Redevelopment Project. Close to the 110 freeway, Ports of L.A. and Long Beach, and downtown Los Angeles.
New construction and ground breaking nearby is quickly adding value to the neighborhood. This property is close to the huge, multi-million dollar waterfront Ports O’ Call Redevelopment Project. Close to the 110 freeway, Ports of L.A. and Long Beach, and downtown Los Angeles.
Location
State CA
County Los Angeles
Area 189 - Barton Hill
Zoning LAC2
Rooms
Other Rooms Living Quarters
Interior
Heating Forced Air, Natural Gas
Cooling Central Air
Fireplace No
Laundry Washer Hookup
Exterior
Fence Block, Excellent Condition
Utilities Available Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected
Roof Type Barrel,Metal,Mixed
Total Parking Spaces 6
Building
Lot Description Garden, Level, Rectangular Lot
Story 2
Water Public
Additional Building Living Quarters
Others
Tax ID 7455007013
Acceptable Financing Cash, Cash to New Loan, Conventional
Listing Terms Cash, Cash to New Loan, Conventional
Financing Private
Special Listing Condition Standard
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Bought with John Munn • San Pedro Real Estate Company
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "