1309 Pacific Avenue

San Pedro, CA 90731

$5,500,000

Listed Price
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bed Beds

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shower Baths

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straighten $174 / sqft

calendar_month Built

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.

Interior Features

Bedroom Information
Bedrooms N/A
Bathroom Information
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Listing Information

Address 1309 Pacific Avenue
City San Pedro
State CA
Zip 90731
County Los Angeles
Listing Agent Dario Svidler DRE#01884474
Co-Listing Agent Kevin Danialifar DRE#01904911
Courtesy Of Keller Williams Beverly Hills
MLS 24410377
List Price $5,500,000
Status Active
Type Land
Structure Size N/A
Lot Size 31,521

Exterior Information

Maps

Listing information courtesy of: Dario Svidler, Kevin Danialifar, Keller Williams Beverly Hills . *Based on information from the Association of REALTORS/Multiple Listing as of Jul 1st, 2024 at 3:54 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. 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.