Prime Coastal San Pedro Development Opportunity 3 contiguous lots with approx. 11,620 sq. ft. of land total C2 Commercial Zoning. Current owner has started the entitlement process for a 48-unit mixed use apartment building. Johnson Tower qualifies under Los Angeles’ Transit Oriented Communities program, and sits within the border of a federally-designated Opportunity Zone.
Development has also been surging thanks in part to the San Pedro Public Market project. The firm is in the process of redeveloping the 30-acre site, an undertaking that’s expected to cost around $150 million. Other nearby points of interest include Alta Sea Marine Research Center, and the Marymount College San Pedro campus and Johnson Tower is in close proximity to Point Fermin. These addresses enjoy a walk score of 91-Walkers Paradise.
|Sale Type||Investment||Property Sub-type||Commercial|
|Sale Conditions||Redevelopment Project||Proposed Use||Multifamily|
|No. Lots||1||Total Lot Size||0.27 AC|