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1309 S Pacific Ave

San Pedro, CA 90731
  • $6,100,000
  • STATUS: Active
  • ON SITE: 7 Days
  • ID#: 22-118126
UPDATED: 63 min ago
$6,100,000
  • 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 exclusively present for sale a 102 Unit Development Opportunity. Located in the heart of San Pedro (sandwiched between Rancho Palos Verdes and Long Beach), this project would rise in old commercial spaces, so no RSO or Ellis to worry about. The combined lots are 31,517 SF and zoned C2-1XL-CPIO. The LA City Planning Commission Letter of Determination dated May 5, 2020, 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. The Conceptual Project includes a pool, a gym, rooftop access, 127 parking spaces and a great mix of homes which includes 21 lofts, 33 studios, 19 1+1s, and 29 2+2s. Current Conceptual Plans based on the Approved Entitlements are available but have not been submitted to Plan Check. 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! Transaction 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 2022-01-20T12:43:17.693. 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.bringingyouhomescv.com/homes/124691003
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1309 S Pacific Ave San Pedro, CA 90731

  • Price: $6,100,000
  • Status: Active
  • On Site: 7 Days
  • Updated: 63 min ago
  • ID#: 22-118126
0
Beds
0
Baths
0
½ Baths
0.72
Acres
Neighborhood:
Plaza
County:
Los Angeles
Area:
Plaza
Property Description
We are proud to exclusively present for sale a 102 Unit Development Opportunity. Located in the heart of San Pedro (sandwiched between Rancho Palos Verdes and Long Beach), this project would rise in old commercial spaces, so no RSO or Ellis to worry about. The combined lots are 31,517 SF and zoned C2-1XL-CPIO. The LA City Planning Commission Letter of Determination dated May 5, 2020, 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. The Conceptual Project includes a pool, a gym, rooftop access, 127 parking spaces and a great mix of homes which includes 21 lofts, 33 studios, 19 1+1s, and 29 2+2s. Current Conceptual Plans based on the Approved Entitlements are available but have not been submitted to Plan Check. 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! Transaction includes four APNs: 7454-026-011, 7454-026-012, 7454-026-013 and 7454-026-014.
Exterior Features

Lot Size Area 31517 View Description Other View YN Yes

Property Features

Cable YN Yes Potential Usage Entitled For 102 Residential Units. Present Use Vacant Commercial Properties. Sale Type Standard Source Lot Size Area Assessor Source Lot Size Dimensions Assessor Zoning C2-1Xl-Cpio

Listing provided courtesy of Dario Svidler DRE#01884474 of Compass.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-01-20T12:43:17.693. 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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Montemayor & Associates | RE/MAX of Santa Clarita
25129 The Old Road, Suite 114
Stevenson Ranch CA, 91381