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.
Off market
$992,200
1079 W 22nd St, San Pedro, CA 90731
3beds
2,628sqft
Commercial/Residential
Built in 1923
-- sqft lot
$992,200 Zestimate®
$378/sqft
$2,638 Estimated rent
Owner options
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Forced air
Cooling
- Central
Appliances
- Included: Dryer, Washer
- Laundry: Common Area
Features
- Flooring: Carpet, Hardwood
- Common walls with other units/homes: 1 common wall
Interior area
- Total interior livable area: 2,628 sqft
Property
Parking
- Total spaces: 4
Features
- Levels: One
- Fencing: Block
Lot
- Size: 5,005 sqft
- Features: Lawn, Sprinklers In Rear
Details
- Parcel number: 7463001002
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Commercial/Residential
Condition
- Year built: 1923
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available, Water Connected, Sewer Connected
Community & neighborhood
Location
- Region: San Pedro
Other
Other facts
- CommonWalls: 1 common wall
- CommunityFeatures: Curbs
- PropertyType: Residential Income
- SpecialListingConditions: Standard
- PreviousStandardStatus: Active
- Levels: One
- MLSAreaMajor: 183 - Vista Del Oro
- LotFeatures: Lawn, Sprinklers In Rear
- RoomType: All Bedrooms Down
- BuildingAreaUnits: Square Feet
- ElevationUnits: Feet
- PropertySubType: Commercial/Residential
- LotSizeSource: Assessor
- Utilities: Cable Available, Water Connected, Sewer Connected
- WaterSource: Public
- Flooring: Carpet, Wood
- Fencing: Block
- TaxTractNumber: 2972
- Sewer: Public Sewer
- StandardStatus: Pending
- Cooling: Central Air
- Heating: Central
- LaundryFeatures: Common Area
- SeniorCommunityYN: 0
- ParcelNumber: 7463001002
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Estimated market value
$992,200