|Sale Type||Investment||Proposed Use||Multifamily|
|Sale Conditions||Redevelopment Project||Total Lot Size||0.37 AC|
|No. Lots||1||Opportunity Zone||No|
|Property Type||Land||1 Lot Available|
420-424 W. 9th Street, a 16,214-square-foot, vacant parcel located in the San Pedro neighborhood of Los Angeles. Minutes from the waterfront with a Walk Score of 95 and in the heart of San Pedro’s current revitalization, this Offering presents an opportunity to develop up to 56 multifamily units near walkable amenities. The property will be sold with permits ready-to-issue and is offered at $3,000,000. Seller financing considered.
San Pedro’s multifamily, industrial, and retail markets offer strong absorption, low vacancy and attractive rent growth, driven by the tech, aerospace, manufacturing and shipping industries, as well as major development along the Port of Los Angeles and surrounding South Bay region. San Pedro offers excellent access to greater Los Angeles via the CA-110 Harbor Freeway and to Downtown Long Beach via the Vincent Thomas Bridge.