1309 Pacific Avenue, San Pedro
San Pedro Home For Sale
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.
Property Details
Additional Information
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- City:
- San Pedro
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- County:
- Los Angeles
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- Zip:
- 90731
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- MLS® #:
- 24410377
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- Lot Size:
- 0.72
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- HOA Dues:
- $
Based on information from California Regional Multiple Listing Service, Inc. as of September 4th, 2024 at 10:46am PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.