For Sale
$2,653,200

1209 Pacific AveLos Angeles, CA 90731

Two-building vacant retail, high traffic location

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional San Pedro investment opportunity presents two vacant retail buildings totaling 17,350 net rentable square feet on a 0.42-acre lot. Located at 1209-1221 S Pacific Boulevard, this property boasts a prime hard-corner location with 180 feet of frontage on heavily trafficked S Pacific Avenue. Built in 1918/1920, the buildings feature 14-16 foot clear heights, three-phase power, and one ground-level door. The property is zoned LAC2 and offers significant potential for owner-user occupancy or lease-up for investors. The asking price is $2,653,200, representing a land value of $147.38 per square foot. This fee-simple ownership opportunity allows for either individual or combined sale of the two buildings. The property's location in the vibrant Los Angeles metropolitan area, near the Ports of Los Angeles and Long Beach, provides excellent access to a large and diverse population and a robust economy. The property's size and features make it suitable for a variety of retail uses, offering a compelling investment prospect with long-term development potential. The property is currently vacant, providing a blank canvas for a new owner to create a thriving retail space. This is a rare opportunity to acquire a well-located, sizable retail property in a thriving market.

Highlights

  • 12,060 SF retail building on a 0.42-acre lot.
  • Owner-user or investor opportunity with long-term development potential.
  • Two-building property suitable for single or multi-tenant occupancy.
  • Features 14'-16' clear height ceilings, three-phase power, and one ground-level door.
  • Hard-corner location with 180' of frontage on Pacific Avenue and 100' on 12th Street.

Property Details for 1209 Pacific Ave

Property type
Retail properties, Mixed-use properties
Square Feet
7,950 SF
Year Built
1918
Buildings
2
Lot Size (sq. ft)
18,295 SF
Units
2

Location Insight

City
Los Angeles
County
Los Angeles
State
California
Latitude
33.7331236
Longitude
-118.2882571
1209 Pacific Ave, Los Angeles, California

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1209 Pacific Ave
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