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2111 S Pacific Ave

San Pedro, CA 90731
  • $5,000,000
  • STATUS: Active
  • ON SITE: 13 Days
  • MLS #: 24-410431
UPDATED: 161 min ago
$5,000,000
  • 0
    BEDS
  • 0.56
    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 24,337 SF Development Opportunity on mostly vacant land with ED-1 Potential on an alley near the San Pedro shore. 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 the whole block fronting Pacific Ave. between 21st and 22nd Streets and is zoned C2-1XL-CPIO. The property is mostly vacant land, with a neighborhood bar on the corner that provides income to the owners. After setbacks and Density Bonuses, the buildable floor plate is approximately 24k SF, totaling about 82k SF of possible development. Building comfortably sized units, 165+/- is an achievable goal! Or continue with the Seller's already-entitled 100 unit, 4 story project with live/work spaces, 1,800 SF of ground retail and two levels of subterranean parking or the mixed-income 92 Unit Proposed Project with semi-subterranean parking. 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! Listing includes four APNs: 7462-030-028, 7462-030-029, 7462-030-030, 7462-030-031.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2024-07-15T22:43:24.567. 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.deserthouseseekers.com/homes/152220956
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2111 S Pacific Ave San Pedro, CA 90731

  • Price: $5,000,000
  • Status: Active
  • On Site: 13 Days
  • Updated: 161 min ago
  • MLS #: 24-410431
0
Beds
0
Baths
0
½ Baths
0.56
Acres
Neighborhood:
Point Fermin
County:
Los Angeles
Area:
Point Fermin
Property Description
We are proud to present for sale a 24,337 SF Development Opportunity on mostly vacant land with ED-1 Potential on an alley near the San Pedro shore. 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 the whole block fronting Pacific Ave. between 21st and 22nd Streets and is zoned C2-1XL-CPIO. The property is mostly vacant land, with a neighborhood bar on the corner that provides income to the owners. After setbacks and Density Bonuses, the buildable floor plate is approximately 24k SF, totaling about 82k SF of possible development. Building comfortably sized units, 165+/- is an achievable goal! Or continue with the Seller's already-entitled 100 unit, 4 story project with live/work spaces, 1,800 SF of ground retail and two levels of subterranean parking or the mixed-income 92 Unit Proposed Project with semi-subterranean parking. 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! Listing includes four APNs: 7462-030-028, 7462-030-029, 7462-030-030, 7462-030-031.
Exterior Features

Horse YN No Lot Description 5 + Lots Lot Location Alley Access Lot Size Area 24337 Road Frontage 265 + 95 + 265 Alley + 95 View Description Other View YN Yes

Property Features

Cable YN Yes Disclosures As IsOther Potential Usage Build 165+/- Affordable Residential Units Present Use Mostly Vacant Lot with a corner bar that provides income. 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 2024-07-15T22:43:24.567. 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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Zwemmer Realty Group | Keller Williams Realty
75486 Augusta Drive
Indian Wells CA, 92210