ActiveLand · sale

631 W 6th Street

San Pedro, CA 90731

$1,475,000

  • 0.32 acres

Listed by Marcus & Millichap · MLS #26845237

A FEW THINGS TO NOTICE

What stands out.

Property size

0.32 acres listed.

Highlights from the listing description and property details. Confirm features with the listing agent.

THE PROPERTY

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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.

THE NEIGHBORHOOD

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631 W 6th Street, San Pedro, CA 90731

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THE DETAILS

The details, all in one place.

Property type
Land
Category
Land
Full baths
0
Half baths
0
Zoning
LAC2
Parcel
7451036007

Features and school information are supplied by the listing source. Confirm measurements, school assignments, HOA terms and rental restrictions before making a decision.

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Stone-front home with a landscaped lawn and central entry
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631 W 6th Street, San Pedro, CA 90731 · MLS #26845237

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Listing information

MLS #26845237 · California Regional MLS

Listing brokerage: Marcus & Millichap
Listing agent: Filip Niculete

Listing status: Active. Record updated . Confirm current availability and price with the listing agent.

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. "CRMLS" and is protected by all applicable Copyright © 2023 laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional. Information deemed reliable but not guaranteed. Copyright © 2023 California Regional Multiple Listing Service, Inc. All rights reserved.