UPDATED:
Key Details
Property Type Single Family Home
Sub Type Commercial/Residential
Listing Status Active
Purchase Type For Sale
Square Footage 3,135 sqft
Price per Sqft $414
MLS Listing ID OC-26139968
Year Built 1923
Lot Size 5,004 Sqft
Property Sub-Type Commercial/Residential
Source California Regional Multiple Listing Service (CRMLS)
Property Description
A San Pedro institution for over 75 years, the Gray School of Music has taught generations of musicians, including Eddie and Alex Van Halen. The business is included in the sale and is fully turnkey with an established student base of approximately 85-100 students, experienced instructors willing to remain, recurring tuition income, and significant upside for a new owner. The approximately 1,656 SF commercial building features seven teaching rooms, one restroom, reception area, foyer, display cases, and central heating, providing everything needed to continue operations or expand into recording, music production, or other creative ventures.
Behind the school are three residential units totaling approximately 1,479 SF. Two charming 1920s bungalow-style 1-bedroom, 1-bath homes offer timeless character, including one beautifully renovated in 2023. The newly completed ADU (2026) features 1 bedroom, 1.75 baths, laundry hookups, split-system AC, and modern finishes, making it ideal for an owner-user, employee housing, or additional rental income. Separate electric and water meters, shared laundry, private yard areas, four fenced parking spaces with alley access complete the residential setting.
Conveniently located across from Leland Elementary School, where the school has traditionally hosted recitals, and just minutes from the rapidly evolving San Pedro Waterfront and West Harbor development, this property offers a rare combination of history, multiple income streams, owner-user flexibility, and long-term investment potential. Financing options are available through lenders experienced with mixed-use and owner-user properties. Call for business details and private showing.
Location
State CA
County Los Angeles
Area 183 - Vista Del Oro
Interior
Interior Features Ceiling Fan(s), Furnished, High Ceilings
Heating Central
Flooring Carpet, Laminate
Fireplaces Type None
Laundry Gas Dryer Hookup, Washer Hookup
Exterior
Parking Features None
Pool None
Community Features Curbs, Gutters, Park, Sidewalks, Street Lights
Utilities Available Water Connected, Electricity Available, Phone Connected
View Y/N No
View None
Building
Lot Description Garden, 0-1 Unit/Acre, Back Yard
Sewer Public Sewer
GET MORE INFORMATION
John R Thompson
Broker/Owner | License ID: 01200900
Broker/Owner License ID: 01200900