Property Detail

Description

Property is currently a three-unit retail building with 90ft of frontage on the historic Pacific Ave in San Pedro. Located in the heart of the San Pedro Property Business Initiative District (PBID) - see addendum, this is an excellent investment opportunity to rehabilitate and take advantage of the growing revitalization of the 6th & 7th St downtown areas, the Warner Grand Theatre, the new West Harbor waterfront development and the multiple new high end apartment units. Huge upside in rents, once rehabbed. The current configuration of three units includes an approx. 1650 sq. ft. Barber Shop; approx. 2300 sq. ft. Pawn Shop an approx. 4550 sq. ft. Secondhand store with an arcade entrance that could be split into two separate units. All units are month to month NNN leases.