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.rnThe 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. rnThe 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.rnTurn-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.rnBusiness 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.rnIn 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.rnThe school has a variance to run the school Mon-Saturday.rnClose 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.

Features
: Forced air, Wall Furnace
: Common Area, Gas Dryer Hookup, Dryer Included, Washer Included
0
: Curbs, Sidewalks, Storm Drains, Gutters, Park, Biking
Additional Information
San Pedro Real Estate Company
0
SMUNNJOH
SB1305980
John
7463001002
: Standard
25

Multi-Family For Sale

1079 22nd Street, San Pedro, California 90731

2,628 Sqft
$1,189,999
Listing ID #SB22168313
Basic Details
Status : Active
DaysOnMarket : 0
Property Type : Multi-Family
Listing Type : For Sale
Listing ID : SB22168313
Price : $1,189,999
Living Area : 2,628 Sqft
Lot Size : 5,004 Sqft
Year Built : 1923
Country : US
State : California
County : Los Angeles
City : San Pedro
Zipcode : 90731
Price Per Square Foot : $453
ModificationTimestamp : 2022-08-04 10:55:23
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