Price Reduced Listing
631 W 6th Street,San Pedro, CA 90731
San Pedro, CA 90731
Description
We are pleased to present 631637 W 6th Street, a 13,799-square-foot raw-land assemblage consisting of two contiguous C2-2D-CPIO parcels in the heart of Central San Pedro. Offered at $1,475,000 ($107 per land square foot), the property presents investors and developers with a rare opportunity to acquire a strategically located urban infill site featuring two by-right development pathways, eliminating the uncertainty, cost, and timeline associated with discretionary entitlements.Located within a Qualified Opportunity Zone, TOC Tier 2, and a Very Low Vehicle Miles Traveled (VMT) area, the site benefits from a compelling stack of development incentives, including AB 2097 parking reductions and AB 2334 housing incentives. The assemblage can accommodate either a 10-unit income-producing multifamily development consisting of duplexes and ADUs or a 10-home SB 1123 fee-simple subdivision, both utilizing ministerial approval pathways.Positioned just minutes from the transformative 42-acre West Harbor waterfront redevelopment, the Port of Los Angeles, and Downtown San Pedro's expanding retail and entertainment corridor, the property offers investors exposure to one of Southern California's most significant waterfront revitalization efforts. With pricing below recent land-sale comparables and attractive projected returns under both development scenarios, 631637 W 6th Street presents a compelling opportunity for builders, multifamily investors, and for-sale housing developers alike.
Details
| MLS # | 26845237 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 74 |
| Listing Provided By | Marcus & Millichap | Filip Niculete |
Features
| Zoning | LAC2 |
|---|---|
| Acreage | 0.32 |
| Property View | None |
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | San Pedro |
| Zip Code | 90731 |
| Area | 189 Barton Hill |
| Listing VS Median (in 90731) | |
Price: $1,475,000 low | high Med: $1,112,000 On site: 74 low | high Med: 174.5 | |
Market Activity 90731
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | San Pedro |
| Zip Code | 90731 |
| Area | 189 Barton Hill |
| Listing VS Median (in 90731) | |
Price: $1,475,000 low | high Med: $1,112,000 On site: 74 low | high Med: 174.5 | |
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