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Listing Agent: John Munn
Courtesy of: San Pedro Real Estate Company
Days On Market: 115
Year Build: 1923
Address: 1079 W 22nd
County: Los Angeles
City: San Pedro
Neighborhood: 183 - Vista Del Oro
Gray School of Music. Opportunity includes turn-key music school with high cash flow, along with real estate, including...
Rare, mixed use 2,628 square foot property, with profitable music school business, available for live-work, consisting of approximately 1,364sf of commercial business/office/flex space, plus 2 SFR rental 1 bed/1 bath homes. Excellent, Vista del Oro area of San Pedro, up the hill from the flats, yet very accessible from the freeway. Street to alley lot, with 4 gated parking spaces off of the alley. 3 separate water and electric meters. 2 gas 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 washer and gas dryer. There's a nice landscaped yard in the rear, and assigned parking off the alley.
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.
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.