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Mixed-Use

400 S Gaffey St

400 S Gaffey St, San Pedro, CA 90731

Listing Price: $1,400,000

Cap Rate
4.69%
Number of Units
2
Occupancy
100.0%
Price/Unit
$700,000
Price/Gross SF
$360.55
Gross SF
3,883

Investment Overview

Marcus & Millichap is pleased to present 400 S Gaffey St, a 7-unit mixed use muti-family and retail property located in San Pedro, California. Built in 1944, the subject property consists of 3,738 rentable square feet spread throughout a .07-acre lot. The building consists of (5) Retail spaces (1) 1-Bedroom / 1-Bathroom and (1) 2-Bedroom / 1-Bathroom units. Additionally, the units are separately metered for gas and electricity. ?????????? With an amazing walk score of 87, renters can practically get most errands completed within a short distance. Right behind the building is a new residential development and the property is located on one of the busiest streets in San Pedro just steps away from Starbucks. The property has been completely renovated i.e., new windows, plumbing, flooring, etc. and is 100% occupied. Lastly, location provides renters and consumers direct access to the 110 and the 47 Seaside Freeways making it convenient for commuters to get in and out of the city. This is an absolutely incredible opportunity to acquire a great passive income producing asset in one of the most accessible locations in the city and would be a great addition to any investor’s portfolio.

Investment Highlights

  • GREAT UP AND COMING CENTRAL SAN PEDRO MARKET
  • COMPLETELY TURN-KEY PROPERTY
  • HIGH TRAFFIC LOCATION, GREAT STREET VISABILITY
  • NEAR MAJOR SHOPS, RESTAURANTS, AND NEW DEVELOPMENTS
  • 5 RETAIL & 2 RESIDENTIAL UNITS; 100% OCCUPIED

Exclusively Listed By

Mixed-Use

400 S Gaffey St

Listing Price: $1,400,000

Cap Rate
4.69%
Number of Units
2
Occupancy
100.0%
Price/Unit
$700,000
Price/Gross SF
$360.55
Gross SF
3,883

Investment Highlights

  • GREAT UP AND COMING CENTRAL SAN PEDRO MARKET
  • COMPLETELY TURN-KEY PROPERTY
  • HIGH TRAFFIC LOCATION, GREAT STREET VISABILITY
  • NEAR MAJOR SHOPS, RESTAURANTS, AND NEW DEVELOPMENTS
  • 5 RETAIL & 2 RESIDENTIAL UNITS; 100% OCCUPIED

Investment Overview

Marcus & Millichap is pleased to present 400 S Gaffey St, a 7-unit mixed use muti-family and retail property located in San Pedro, California. Built in 1944, the subject property consists of 3,738 rentable square feet spread throughout a .07-acre lot. The building consists of (5) Retail spaces (1) 1-Bedroom / 1-Bathroom and (1) 2-Bedroom / 1-Bathroom units. Additionally, the units are separately metered for gas and electricity. ?????????? With an amazing walk score of 87, renters can practically get most errands completed within a short distance. Right behind the building is a new residential development and the property is located on one of the busiest streets in San Pedro just steps away from Starbucks. The property has been completely renovated i.e., new windows, plumbing, flooring, etc. and is 100% occupied. Lastly, location provides renters and consumers direct access to the 110 and the 47 Seaside Freeways making it convenient for commuters to get in and out of the city. This is an absolutely incredible opportunity to acquire a great passive income producing asset in one of the most accessible locations in the city and would be a great addition to any investor’s portfolio.

Exclusively Listed By

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