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$2,750,000

Est. payment - /mo

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9,003 Sqft Lot

New

486 W 20th AVE San Pedro, CA 90731

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Norma Mardelli

norma@mardellirealestate.com +1(818) 400-3794

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Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

MLS Listing ID PW25280557

HOA Y/N No

Year Built 1922

Lot Size 9,003 Sqft

Property Sub-Type Mixed Use

Property Description

Exceptional opportunity to acquire a long-established, family-owned restaurant business along with two contiguous parcels in a highly visible San Pedro location. Offered together, 1930 S. Pacific Avenue and 486 W. 20th Avenue create a rare owner-user or investment opportunity with multiple income streams and valuable on-site parking. The parcel at 1930 S. Pacific Avenue consists of a 4,502 square foot lot currently utilized as a parking lot with approximately 14 parking spaces, including two reserved spaces for the adjacent single-family residence. This parcel also features an on-site storage building approximately 15' x 20', currently used by the restaurant. The parcel at 486 W. 20th Avenue is also a 4,502 square foot lot and includes a total of 2,986 square feet of improvements. The well-known restaurant occupies approximately 2,340 square feet and features a fully equipped commercial kitchen, dining area, and restroom. The business has been successfully operating for over 70 years, with 25 years under the same family ownership, and enjoys excellent street visibility on a corner location. All restaurant equipment is included in the sale and owned outright with no lease payments. Additionally, the property includes a fully renovated 2-bedroom, 1-bathroom single-family residence with approximately 656 square feet of living space. The residence has its own utility services, providing added flexibility for rental income, owner occupancy, or staff housing. The combination of a thriving, established business, adjacent parking lot, residential income, and prime San Pedro location makes this a compelling turnkey investment or owner-operator opportunity. The restaurant business, real estate, and equipment are all included in the sale, offering a truly rare and comprehensive package.

Location

State CA

County Los Angeles

Area 185 - Plaza

Interior

Heating Central

Cooling Central Air

Fireplace No

Laundry Washer Hookup, Gas Dryer Hookup

Exterior

Fence Block, Wrought Iron

Utilities Available Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected

Roof Type Composition,Flat Tile,Shingle

Total Parking Spaces 14

Building

Lot Description Corner Lot, Level, Near Public Transit, Rectangular Lot, Street Level

Story 1

Water Public

Others

Tax ID 7456032025

Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange

Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange

Special Listing Condition Standard

Listed by Jacob Abeelen T.N.G. Real Estate Consultants 714-394-3084