805 Gaffey StLos Angeles, CA 90731

Property Details for 805 Gaffey St

Year built

1959

Construction

WOOD

Lot size

0.09 AC

Property size (Sq ft)

2,226 SF

Zone code

LAC2

Property type

Office properties

Property subtype

Office buildings

APN

7454-006-025

APU

7454006025

Description

This exceptional investment opportunity presents a beautifully remodeled, single-story office building situated on a high-traffic commercial corridor in San Pedro, California. The 2,226 square foot property, built in 1959 and renovated in 2019, is comprised of three units within a single building on a 3,822 square foot lot. The asking price is $995,000, translating to $446.99 per square foot. The property boasts an extremely high visibility location on Gaffey Street, benefiting from an average daily traffic count exceeding 35,000 (2023 data). Its prime location is further enhanced by its proximity to major freeways and the new West Harbor waterfront development, surrounded by high-traffic tenants such as 7-Eleven, Starbucks (Drive-Thru), CVS, and the Sandwich Saloon. The units offer a mix of configurations, including large reception areas, private offices, ample natural light, storage rooms, and remodeled restrooms. Units share access to a central courtyard. Zoned LAC2, this property is ideal for office, professional, retail, or a combination thereof, making it an attractive option for both commercial investors and owner-users seeking a turnkey operation in a thriving San Pedro location. Rear parking access is available. This is a rare opportunity to acquire a well-maintained, high-visibility commercial property in a rapidly developing area.

• CAP approach

  CAP return

  Valuation

  6%

  $680,192

  6.5%

  $627,870

  7%

  $583,022

• Comparable approach

  Method

  Valuation

  Relative Method

  $569,726

  Geo Method

  $569,726

• Alternative Use

  Use

  Valuation

  Residential

  $778,559

  Hospitality

  $713,156

  Educational

  $593,337

  Medical

  $613,743

  Retail

  $922,969

Location Insight

City

San Pedro

County

Los Angeles

State

California

Latitude

33.7367

Longitude

-118.293

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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