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Built by fish dealer Aleck Carresi, it was originally named Carresi Neapolitan Arcade.
In 1986 the Carresi family sold the building to the current owners in a handshake deal, making this the first time the building has been on the market.
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Today the building is filled with a variety of small businesses.
If you want to buy this slice of San Pedro history, it will cost you a cool $2.9 million.