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1079 W 22nd Street

San Pedro, CA 90731
  • $1,189,999
  • STATUS: Active
  • ON SITE: 7 Days
  • ID#: SB22168313
UPDATED: 31 min ago
$1,189,999
  • 0
    BEDS
  • 0.11
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1923
County:

School Ratings & Info

Listing Agent(s): John Munn of San Pedro Real Estate Company (310 721-2167)


Description

Rare, mixed use 2,628 square foot for live-work, office / flex space, consisting of approximately 1,364sf of commercial space, plus 2 SFR rental 1 bed/1 full bath homes. Excellent, Vista del Oro area of San Pedro, up the hill from the flats, but close freeway access. Street to alley lot, with 4 gated parking spaces off of the alley. Separate electric and water meters.The music school/office space is beautifully maintained with recent renovations, and consists of a reception and waiting area, 4 good sized rooms, 3 smaller rooms as well as 2 bathrooms. The 2 rental homes are beautiful 1920's craftsman style homes, which are appealing to tenants and/or owner occupant, and have a shared laundry room with gas washer and dryer in common area. There's a nice landscaped yard in the rear.Turn-key music school business with strong cash flow, high profitability, and easy manageability. If you love music, this is your dream opportunity. The music school has been running continuously for the last 70+ years, and has an excellent reputation, as well as renowned music teachers. Business items, musical instruments, appurtenances, and intangible items included with the sale for seamless and immediate realization of profits.Business income is not included in financial analysis, but will substantially increase the metrics. Call to discuss. Approximately $20,000 of instruments, computer equipment, computers and printers included in sale also add to the metrics.In front, there is a large 'loading only' zone, so that there is always room for customers/students to have easy access, as well as ample street parking. Leland Elementary School is right across the street, which is an easy opportunity to target an on-going stream of revenue.The school has a variance to run the school Mon-Saturday.Close to the Gaffey corridor, which leads to the 110 freeway and 47 freeway connecting to Long Beach. Close to the port of LA/Long Beach, and the new multi-million dollar Ports O' Call Redevelopment Project. The whole world has finally found out that San Pedro is the last southern California beach city that remains affordable. Get in now, before that changes, and ride the wave of real estate appreciation, plus built in business revenue.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-08-11T23:30:22.067. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or American Real Estate List & Sell. Licensed in the State of California, USA.
www.americanrealestatehomes.com/homes/131613434
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1079 W 22nd Street San Pedro, CA 90731

  • Price: $1,189,999
  • Status: Active
  • On Site: 7 Days
  • Updated: 31 min ago
  • ID#: SB22168313
0
Beds
0
Baths
0
½ Baths
0.11
Acres
1923
Built
Neighborhood:
183 - Vista Del Oro
County:
Los Angeles
Area:
183 - Vista Del Oro
Property Description
Rare, mixed use 2,628 square foot for live-work, office / flex space, consisting of approximately 1,364sf of commercial space, plus 2 SFR rental 1 bed/1 full bath homes. Excellent, Vista del Oro area of San Pedro, up the hill from the flats, but close freeway access. Street to alley lot, with 4 gated parking spaces off of the alley. Separate electric and water meters.The music school/office space is beautifully maintained with recent renovations, and consists of a reception and waiting area, 4 good sized rooms, 3 smaller rooms as well as 2 bathrooms. The 2 rental homes are beautiful 1920's craftsman style homes, which are appealing to tenants and/or owner occupant, and have a shared laundry room with gas washer and dryer in common area. There's a nice landscaped yard in the rear.Turn-key music school business with strong cash flow, high profitability, and easy manageability. If you love music, this is your dream opportunity. The music school has been running continuously for the last 70+ years, and has an excellent reputation, as well as renowned music teachers. Business items, musical instruments, appurtenances, and intangible items included with the sale for seamless and immediate realization of profits.Business income is not included in financial analysis, but will substantially increase the metrics. Call to discuss. Approximately $20,000 of instruments, computer equipment, computers and printers included in sale also add to the metrics.In front, there is a large 'loading only' zone, so that there is always room for customers/students to have easy access, as well as ample street parking. Leland Elementary School is right across the street, which is an easy opportunity to target an on-going stream of revenue.The school has a variance to run the school Mon-Saturday.Close to the Gaffey corridor, which leads to the 110 freeway and 47 freeway connecting to Long Beach. Close to the port of LA/Long Beach, and the new multi-million dollar Ports O' Call Redevelopment Project. The whole world has finally found out that San Pedro is the last southern California beach city that remains affordable. Get in now, before that changes, and ride the wave of real estate appreciation, plus built in business revenue.
Exterior Features

Lot Features 0-1 Unit/AcreBack YardLawnLevelRectangular Lot Number Of Separate Electric Meters 2 Open Parking Spaces 4 Parking Features Assigned Parking Total 4 Pool Features None Pool Private YN No Property Attached YN Yes Road Frontage Type City Street Road Surface Type Alley Paved Spa Features None Spa YN No

Interior Features

Appliances DisposalGas OvenGas RangeDryerWasher Common Walls 1 Common WallNo One AboveNo One Below Cooling None Cooling YN No Fireplace Features None Fireplace YN No Flooring CarpetWood Heating Forced AirWall Furnace Heating YN Yes Interior Features Ceiling Fan(S)Partially FurnishedRecessed LightingSuspended Ceiling(S)

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Cap Rate 6.2 Common Interest None Community Features BikingCurbsGutter(S)ParkStorm Drain(S)Sidewalks Electric Expense 60 Fuel Expense 600 Garage YN No Gross Income 25200 Gross Scheduled Income 25200 Inclusions Approximately $20000 Worth Of Equipment Insurance Expense 500 Land Lease YN No Laundry Features Common AreaGas Dryer Hookup Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New LoanConventional Net Operating Income 18600 New Construction YN No Number Of Separate Gas Meters 2 Number Of Separate Water Meters 3 Operating Expense 6600 Possession Close Of Escrow Property Sub Type Mixed Use Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays ElectricityGasWater Trash Expense 230 Utilities Electricity ConnectedNatural Gas ConnectedPhone AvailableSewer ConnectedWater Connected Vacancy Allowance 0 Water Sewer Expense 230 Water Source Public Zoning Lard2



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-08-11T23:30:22.067. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or American Real Estate List & Sell. Licensed in the State of California, USA.
 
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American Real Estate List & Sell
6391 Magnolia Ave., B20
Riverside CA, 92505
Listing Agent(s): John Munn of San Pedro Real Estate Company (310 721-2167)