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Listing Agent: John Munn
Courtesy of: San Pedro Real Estate Company
Days On Market: 119
Year Build: 1923
Address: 1079 W 22nd
County: Los Angeles
City: San Pedro
Neighborhood: 183 - Vista Del Oro
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.