709 S Centre, San Pedro, CA 90731

Property Description

A rare opportunity to step into San Pedro’s rich harbor heritage with this distinctive brick constructed mixed-use property, ideally positioned in the heart of the Downtown Business, Arts & Cultural District. Built in 1913, this property offers just over 7,800 sf of adaptable interior space and sits on a 4,800 sf (approx) corner lot. This property seamlessly blends historic character with compelling income and value-add potential. Located just blocks from the transformative West Harbor waterfront development, Cabrillo Marina, and the vibrant dining, retail, and gallery scene along 6th & 7th Street, this property offers a strategic location for investors, owner-users, and creative businesses seeking a presence in one of the South Bay’s most dynamic and promising coastal communities. Property highlights include two spacious street-level retail spaces strategically facing 7th St. The large, open basement area, which has a dedicated side entrance facing Centre St, creates an opportunity for additional income potential with some creativity. The upper level residential space features a total of 22 doors, including an on-site manager's suite with 2 beds, a full bath, and a kitchen. All other rooms include a sink with shared community kitchen, bath, and shower areas. This building is an efficiently run cash cow that includes a long-term cell tower lease with a carrier that currently pays over $2,000/mo in stable, hassle free income. With easy access to major freeways and the broader Los Angeles and South Bay markets, this unique opportunity provides an attractive platform for businesses, residents, and investors seeking proximity to the harbor and the region’s major employment and cultural centers.