$1,650,000
$1,850,000
10.8%For more information regarding the value of a property, please contact us for a free consultation.
6,250 Sqft Lot
SOLD DATE : 11/22/2024
Key Details
Sold Price $1,650,000
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SB24163109
Sold Date 11/22/24
HOA Y/N No
Year Built 1922
Annual Tax Amount $10,000
Lot Size 6,250 Sqft
Lot Dimensions Assessor
Property Description
Want commercial storefront property in the heart one of the best city redevelopment processes in recent time? San Pedro now has 3,000 housing starts in the design and/or construction phase, with a concentration in their downtown area. DTSP (downtown San Pedro) is enjoying a wonderful revival with new restaurants, fabulous foot traffic and the start of the West Harbor waterfront development. This commercial space at 363 W. 6th St. is located right in the middle of it with surrounding popular restaurants and local retail. This two-story property with ample basement space could be the perfect spot for a number of uses to contribute to this vibrant area. This property offers a total of 12,600 sf of space (est.), with 5,610 sf on the main storefront space (2 actual storefronts with 20 foot ceilings) and downstairs basement space and mezzanine office space. Tax rolls show square footage of 5,275. The property was once home to a J.C. Penny retail store. Currently, the entire building is vacant, although special events are held from time-to-time. There are six parking spots in the back off a common alley. There are two 220V lines to the property. Property is in a Tax Opportunity Zone. Seller reserves right to enter into a 1031 exchange. Buyer to verify square footage. Virtual tour and floor plan shown below.
Location
State CA
County Los Angeles
Area 189 - Barton Hill
Interior
Heating None
Cooling None
Fireplace No
Laundry None
Exterior
Fence None
Utilities Available Cable Available, Natural Gas Available
Roof Type Asphalt
Present Use See Remarks
Building
Lot Description 0-1 Unit/Acre, Sprinkler System, Flat
Story 3
Water Public
Others
Tax ID 7455012006
Security Features Fire Sprinkler System,Smoke Detector(s)
Acceptable Financing Cash to New Loan, 1031 Exchange
Listing Terms Cash to New Loan, 1031 Exchange
Financing Cash
Special Listing Condition Standard
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Bought with Edward Duterte • EXP Commercial
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "