Language and Region
Currency

This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

You must register your contact information to view secure information on this listing.

Email*

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

Send me a copy

951 characters remaining

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

thank you

Your email has been sent!

704-724 W Pacific Coast Hwy

1,350 SF 100% Leased Retail Building Wilmington, CA 90744 £1,175,831 (£871/SF) 5.55% Net Initial Yield

.mosaic-column{display:inline-block!important;height:100%!important;width:auto!important}.mosaic-tile i{display:none!important}.mosaic-tile img{height:100%!important;width:auto!important}

Investment Highlights

High visibility location on the world famous CA-1 Pacific Coast Hwy
2 separate parcels

250' of frontage on PCH

Executive Summary

Located in a prime location in Wilmington, along CA-1 Pacific Coast Hwy. LA C2 zoning affords a multitude of potential uses. 2 separate parcels, offering nearly 250' of street frontage on the world-famous PCH. Situated uniquely with access from 3 roads, PCH, Bay View, and McDonald Ave. Currently 2 separate businesses operating successfully and bringing in good rents. One tenant is a car dealership, the other is an auto stereo and tint shop. Stereo shop has 3 covered bays. Prime location, with quick access to the 110 FWY.

Financial Summary (Actual - 2023)	Annual	Annual Per SF
Gross Rental Income	£80,010	£59.27
Other Income	-	-
Vacancy Loss	-	-
Effective Gross Income	£80,010	£59.27
Taxes	£14,698	£10.89
Operating Expenses	-	-
Total Expenses	£14,698	£10.89
Net Operating Income	£65,312	£48.38

Financial Summary (Actual - 2023)

Gross Rental Income
Annual	£80,010
Annual Per SF	£59.27

Other Income
Annual	-
Annual Per SF	-

Vacancy Loss
Annual	-
Annual Per SF	-

Effective Gross Income
Annual	£80,010
Annual Per SF	£59.27

Taxes
Annual	£14,698
Annual Per SF	£10.89

Operating Expenses
Annual	-
Annual Per SF	-

Total Expenses
Annual	£14,698
Annual Per SF	£10.89

Net Operating Income
Annual	£65,312
Annual Per SF	£48.38

Property Facts Under Contract

Sale Type

Investment or Owner User

Property Type

Retail

Property Subtype

Auto Repair

Building Size

1,350 SF

Building Class

Year Built

1965

Price

£1,175,831

Price Per SF

£871

Net Initial Yield

5.55%

NOI

£65,312

Percent Leased

100%

Tenancy

Multiple

Number of Floors

Building FAR

0.09

Land Acres

0.36 AC

Zoning

C2-1, Los Angeles - LA C-2

Frontage

250 ft on Pacific Coast Hwy

1 of 1

map
traffic

Walk Score ®

Very Walkable (82)

Bike Score ®

Very Bikeable (70)

What is a Walk Score®, Transit Score® & Bike Score®?

Walk Score® measures the walkability of any address.

Transit Score® measures access to public transit.

Bike Score® measures bikeability of a location.

What is a Walk Score®

, Transit Score® & Bike Score?

Walk Score® measures the walkability

of any address. Transit Score®

measures access to public transit. Bike Score®

measures bikeability of a location.®

Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Numbers	Multiple 7415-008-013 7415-008-012	Total Assessment	£927,273 (2024)
Land Assessment	£921,106 (2024)	Annual Taxes	£14,698 (£10.89/sf)
Improvements Assessment	£6,167 (2024)	Tax Year	2023