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1309 S Pacific Ave, San Pedro, CA 90731

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For Sale

$5,500,000

0.72 acres

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Other Residential
    Property type

  • Newly Listed
    Time on Century 21

  • 0.7 acres
    Lot size

Explore this Property

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.
MLS# 24-410377

Courtesy Of KELLER WILLIAMS BEVERLY HILLS REALTY

(310) 432-6400

Property Features

  • Architecture Style
    Other
  • Lot Size
    0.72 Acres
  • Roof Type
    Unknown

Map and Directions

Directions to 1309 S Pacific Ave, San Pedro, CA 90731

Home seller CENTURY 21 Union Realty Co.

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Union Realty Co.

(310) 371-6330
Learn More About Us

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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