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1309 S Pacific Ave

San Pedro, CA 90731
  • $5,500,000
  • STATUS: Active
  • ON SITE: 22 Days
  • MLS #: 24-410377
UPDATED: 57 min ago
$5,500,000
  • 0
    BEDS
  • 0.72
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Vacant Land / Lots
County:
Area:

School Ratings & Info

Description

We are proud to present for sale a 31,521 SF Development Opportunity on vacant land with ED-1 Potential. Located in the heart of San Pedro (sandwiched between Rancho Palos Verdes and Long Beach), a new development would rise in old commercial spaces, so no RSO or Ellis to worry about. The property consists of 4 of the 5 lots fronting Pacific Ave. between 13th and 14th Streets and is zoned C2-1XL-CPIO. The property has already been demolished, and assuming a 3.25:1 FAR after Setbacks and Density Bonuses, a buildable floor plate would be approximately 31k SF, totaling about 110k SF of possible development. Building a project with Affordable Units averaging 500 SF, 234+/- units is an achievable goal! The area has lately seen a revitalization that is long in coming. With the highly anticipated West Harbor Project, One San Pedro and ALTA Sea Marine Institute (to name a few), the future of San Pedro is looking bright! This property sits near the beach, near the San Pedro Fish Market, shopping, dining, nightlife and the Ports of Los Angeles and Long Beach! The Sellers also have a LA City Planning Commission Letter of Determination dated May 5, 2020, that calls for a "four-story, 45 foot and five-inch tall residential building comprises of 102 dwelling units (including 12 Very Low Income Units). The Project will be approximately 83,158 square feet in floor area with a Floor Area Ratio (FAR) of 2.65:1." e Listing includes four APNs: 7454-026-011, 7454-026-012, 7454-026-013, and 7454-026-014.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2024-07-24T09:42:55.007. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.searchdesertrealestate.com/homes/152219121
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1309 S Pacific Ave San Pedro, CA 90731

  • Price: $5,500,000
  • Status: Active
  • On Site: 22 Days
  • Updated: 57 min ago
  • MLS #: 24-410377
0
Beds
0
Baths
0
½ Baths
0.72
Acres
Neighborhood:
Plaza
County:
Los Angeles
Area:
Plaza
Property Description
We are proud to present for sale a 31,521 SF Development Opportunity on vacant land with ED-1 Potential. Located in the heart of San Pedro (sandwiched between Rancho Palos Verdes and Long Beach), a new development would rise in old commercial spaces, so no RSO or Ellis to worry about. The property consists of 4 of the 5 lots fronting Pacific Ave. between 13th and 14th Streets and is zoned C2-1XL-CPIO. The property has already been demolished, and assuming a 3.25:1 FAR after Setbacks and Density Bonuses, a buildable floor plate would be approximately 31k SF, totaling about 110k SF of possible development. Building a project with Affordable Units averaging 500 SF, 234+/- units is an achievable goal! The area has lately seen a revitalization that is long in coming. With the highly anticipated West Harbor Project, One San Pedro and ALTA Sea Marine Institute (to name a few), the future of San Pedro is looking bright! This property sits near the beach, near the San Pedro Fish Market, shopping, dining, nightlife and the Ports of Los Angeles and Long Beach! The Sellers also have a LA City Planning Commission Letter of Determination dated May 5, 2020, that calls for a "four-story, 45 foot and five-inch tall residential building comprises of 102 dwelling units (including 12 Very Low Income Units). The Project will be approximately 83,158 square feet in floor area with a Floor Area Ratio (FAR) of 2.65:1." e Listing includes four APNs: 7454-026-011, 7454-026-012, 7454-026-013, and 7454-026-014.
Exterior Features

Horse YN No Lot Description 2-4 Lots Lot Location Alley AccessCorner Lot Lot Size Area 31521 Road Frontage 360 View Description Other View YN Yes

Property Features

Cable YN Yes Disclosures As IsOther Potential Usage Build 234+/- Affordable Units Present Use Vacant Land Sale Type Standard Source Lot Size Area Assessor Source Lot Size Dimensions Assessor Zoning C2-1 XL-CPIO

Listing provided courtesy of Dario Svidler DRE#01884474 of Keller Williams Beverly Hills: 310-432-6400.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2024-07-24T09:42:55.007. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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The John Jay Group - Bennion Deville Homes
74996 Highway 111
Indian Wells CA, 92210