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704-724 W Pacific Coast Hwy

1,350 SF 100% Leased Retail Building Wilmington, CA 90744 $1,499,000 ($1,110/SF) 5.55% Cap Rate

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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	$102,000	$75.56
Other Income	-	-
Vacancy Loss	-	-
Effective Gross Income	$102,000	$75.56
Taxes	$18,738	$13.88
Operating Expenses	-	-
Total Expenses	$18,738	$13.88
Net Operating Income	$83,262	$61.68

Financial Summary (Actual - 2023)

Gross Rental Income
Annual	$102,000
Annual Per SF	$75.56

Other Income
Annual	-
Annual Per SF	-

Vacancy Loss
Annual	-
Annual Per SF	-

Effective Gross Income
Annual	$102,000
Annual Per SF	$75.56

Taxes
Annual	$18,738
Annual Per SF	$13.88

Operating Expenses
Annual	-
Annual Per SF	-

Total Expenses
Annual	$18,738
Annual Per SF	$13.88

Net Operating Income
Annual	$83,262
Annual Per SF	$61.68

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

$1,499,000

Price Per SF

$1,110

Cap Rate

5.55%

NOI

$83,263

Percent Leased

100%

Tenancy

Multiple

Building Height

1 Story

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

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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	$1,182,128 (2024)
Land Assessment	$1,174,266 (2024)	Annual Taxes	$18,738 ($13.88/SF)
Improvements Assessment	$7,862 (2024)	Tax Year	2023