302 W. Fifth Street, San Pedro, CA 90731

For the first time in 27 years, this desirable asset comes to market.

Situated in the heart of San Pedro’s Business district, the property benefits from immediate proximity to the Port of Los Angeles, transportation corridors, numerous amenities and the Historic Arts District. The location offers strong visibility, accessibility, and long-term potential amid continued revitalization efforts throughout the area.

With a 97% retention rate, notable tenants include governmental offices such as Supervisor Hahn and Senator Laura Richardson, numerous law practices, engineering and professional firms. Tenants are drawn to the Building for its exceptional location, ample free parking, improvements & value, and popular long standing restaurant Think Cafe.

302 Fifth Street represents a rare chance to acquire property in a submarket with limited inventory and long‑term upside. With 222 w. 6th Street planned for apartment conversion (formerly San Pedro’s only Class A office tower), 302 Fifth Street remains the best option for existing and future downtown office tenants. Anchored by the Port of Los Angeles—the busiest container port in the Western Hemisphere—San Pedro benefits from a strong employment base, long-term infrastructure investment, and sustained demand for housing and local business growth.

The area is undergoing a significant transformation driven by public and private investment, including the 42 Acre West Harbor Development, which is revitalizing the historic waterfront into a World Class premier dining, entertainment and retail destination (to additionally include a 6200 seat amphitheater). Alta Sea, the world renown 450K SF marine campus focusing on emerging blue technology and accelerating scientific research and provides 185K SF of incubator space. With over 1.5 million visitors through the World Cruise Center and given San Pedro’s many historical and cultural attractions, the city is becoming a visitor serving destination unmatched in Southern California. These improvements, with over $1.6 Billion in public-private investment have elevated San Pedro’s profile as a commercial, residential and visitor-oriented market.

San Pedro offers a compelling combination of a “smalltown” feel, urban accessibility and dramatic Harbor views, with proximity to Downtown Los Angeles, Long Beach, and the South Bay. The downtown CBD features a diverse housing stock including over 700 recent or new luxury residences as well as affordable options suitable for all work force levels. Access to amenities and housing on the Waterfront is attracting new businesses. Existing and future supply of office space is limited due to geographic constraints, land availability, and the recent surge of high density apartment development and conversion of otherwise suitable properties for future office space.

With its irreplaceable waterfront location, expanding amenity base, and strategic importance to global logistics, San Pedro presents a unique investment opportunity within the Los Angeles market providing meaningful upside for economic growth.