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420-424 W. 9th Street

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Price$3,000,000Property SubtypeCommercial
Sale TypeInvestmentProposed UseMultifamily
Sale ConditionsRedevelopment ProjectTotal Lot Size0.37 AC
No. Lots1Opportunity ZoneNo
Property TypeLand1 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.

8th Street Lofts

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800-804 S Pacific Ave

Beautiful Remodel of 1920’s Art Deco Building. Corner Lot in wonderful area of City. Mixed Use with 8 Large Artsy Lofts upstairs that include Living Rm/Bedroom Area, Updated Kitchens, hardwood/laminate floors, Bathroom, lots of Windows. Downstairs/Street Level has lots of possibilities including Restaurants/Cafes/ Boutiques, Professional Offices. Designed with Old World Charm, Stroll around the market streets like a European Village. Great Income from the Lofts and the possible businesses downstairs. Downstairs is currently in process of upgrading and rehab. Great income potential.

Price$3,788,800Building ClassC
Sale TypeInvestment or Owner UserLot Size0.25 AC
Sale Conditions1031 ExchangeGross Leasable Area18,360 SF
Property TypeRetailNo. Stories2
Property Sub-typeRestaurantYear Built1929

111 N Harbor Blvd

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.69 Acres of Commercial Land Offered at $8,250,000 in San Pedro, CA

Price$8,250,000Property Sub-typeCommercial
Sale TypeInvestmentProposed UseMultifamily Apartment Units
No. Lots1Total Lot Size0.69 AC
Property TypeLand

Rare opportunity to acquire a fully entitled, prime ocean-view development opportunity on Los Angeles’ waterfront immediately surrounded by over $1 Billion of public and private development. Located at 111 North Harbor Boulevard in San Pedro, this exciting opportunity offers an investor the chance to acquire a 0.69-acre lot fully entitled for 120 units, customize existing development plans if desired, and take advantage of the ongoing revitalization of San Pedro. This project is anticipated to be ready to break ground in just six months. Current development plans envision the project as a 129,511-square foot, six-story mixed-use building with two ground-floor retail spaces, two levels of basement parking, and a unit mix of 71 percent two-bedroom units, 18 percent one-bedroom units, and 11 percent studio apartments. Plans utilize zoning bonuses, and 11 of the units are reserved for low-income housing. The property is located in an opportunity zone and may offer significant tax benefits to the developer of this property.

363-365 W 6th St

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Price$3,000,000Gross Leasable Area12,163 SF
Sale TypeInvestment or Owner UserNo. Stories2
Property TypeRetailYear Built1922
Property Sub-typeStorefront Retail/OfficeParking Ratio0.41/1,000 SF
Building ClassCClear Ceiling Height10 FT

See Listing

356 W 7th Street

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Contact

Lee Williams

356 W 7th Street
San Pedro, CA 90731

316 S Gaffey

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See the details of this property and contact us to answer any questions:

Lee Williams

(310) 400-6389

LeeWilliams@kw.com

336 W 7th St

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Status: Planning Review

Completion Date: Q4 2021

South Bay Developers plans to bring 32 units of rental housing to 7th street where a vacant lot currently sits. The plans include a 750 sq ft retail space as well as a 3,000 sq ft restaurant that may eventually add street dining as well.

The unit mix is proposed as follows:

  • 12 – One Bedroom Units (640 sq ft)
  • 11 – Two Bedroom Units (1,000 sq ft)
  • 3 – Three Bedroom Units (1,200 sq ft)
  • 6 – One Bedroom + Den Penthouse Apartments (1,190 sq ft)

Plans include a rooftop terrace that will have views of the hillside and harbor.

There will be two levels of parking with one being at ground level and the other being subterranean. Entrance will be behind the building in the alley.

335 N Gaffey

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The Developer Charles and Company is planning to build a 23 unit apartment building in the vacant lot at Sepulveda and Gaffey. It will be residential only with no commercial or retail space required according to the San Pedro CPIO.

PROJECT SUMMARY:

THREE STORY OVER ONE LEVEL SUBTERRANEAN GARAGE RESIDENTIAL STRUCTURE. SAN PEDRO CPIO: CENTRAL COMMERCIAL A SUBAREA APARTMENT TYPE V-A GARAGE TYPE 1-A FULLY SPRINKLERED

  • ALLOWABLE AREA:
    • ALLOWABLE = 18,264 X 1.5 = 27,397 SF
    • PROPOSED = 17,266 SF
  • ALLOWABLE HEIGHT:
    • ALLOWABLE (BUILDING CODE) = 30’-0”
    • ALLOWABLE (CPIO) = 45’
    • PROPOSED = 45’ (FROM LOWEST POINT WITHIN 5’ OF BUILDING FOOTPRINT)
  • REQUIRED SETBACKS:
    • FRONT: 10’
    • REAR: 10’
    • SIDE: 6’
  • HIGHWAY DEDICATIONS:
    • 15’ ALONG GAFFEY ST. (CALTRANS RIGHT OF WAY, ALREADY DEDICATED)
    • 3’ ALONG GAFFEY ST. PER CITY OF LA REQ.
    • 3’ ALONG SEPULVEDA PER CITY OF LA REQ.
  • RESIDENTIAL UNITS SUMMARY:
    • NUMBER OF 1 BEDROOM UNITS: 21
    • NUMBER OF STUDIOS: 2
  • OPEN SPACE:
    • REQUIRED:
      • 2 UNITS W/ LESS THAN 3 HABITABLE ROOMS: 2 X 100 = 200 SF
      • 21 UNITS W/ 3 HABITABLE ROOMS: 21 X 125 = 2,625 SF
      • TOTAL: 2,825 SF
    • PROVIDED:
      • REAR YARD: 15 X 107 = 1,605 SF
      • UNIT PRIVATE O.S.: 23 X 50 = 1,150 SF
      • TOTAL: 2,755 SF
  • PARKING CALCULATIONS
    • REQUIRED:
      • 21 X 1.5 = 31.5 STALLS
      • 2 X 1 = 2 STALLS
      • 31 + 2 = 33 STALLS
    • ALLOWED RESIDENTIAL CAR REDUCTION 10%
      • TOTAL: 33 X 10% = 3.3
      • REQUIRED: 30 STALLS
    • PROVIDED:
      • STANDARD: 22
      • COMPACT: 5
      • H/C: 1
      • TOTAL: 28
    • BICYCLES:
      • REQUIRED: 1/UNIT
      • LONG TERM: 23+12 (3X4 AUTOMOBILE REPLACEMENT PER 12.21A4)
      • SHORT TERM: 2

22@Portside

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Status: Completed

This new offering by D.R. Horton Homes will include 22 higher end townhomes for sale in the Central district of San Pedro. Each will be 3 stories high with a rooftop deck to take advantage of panoramic views.

These homes will have large open floor-plans ranging from approximately 1,500 to 1,900 square feet of living space and include 2 car garages with each unit.

Map of the Site

Below are the 7 floor-plans:







Rancho San Pedro

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This is 22 acres of federal land managed by Housing and Urban Development. There are currently 478 residential units for low and very low income housing. The average annual income per household is about $25,000.

The plan is to replace this World War II housing and better integrate the community whit the rest of San Pedro. There will be market rate units along with an increase in the number of affordable units for workforce housing.

The proposed plan will have nearly 1,600 units replacing the original 478 with the following possible breakdown:

Housing Units*

  • 478 – RSP Replacement Housing
  • 558 – New Affordable Rental Units
  • 132 – New Affordable Home Ownership Units
  • 416 – New Market Rate Rental Housing
  • 42 – New Market Rate Home Ownership Units

All of these number sill change with the final plan. This is just the original proposal.

The plan includes efforts to reduce the impact of relocating the existing residents including possibly building the first building in a vacant space, moving folks out of the first building, demolishing that one and then playing a game of leapfrog until they have created enough new units to house all of the remaining residents. There are no plans to remove folks from their homes without having a suitable replacement prepared for them.

Also, where available, there are plans to help residents, who are able, become part of the process from paid positions in community outreach to possible construction and apprenticeship jobs.

Below is the original presentation from the One San Pedro team who won the bid to develop the site. There will be updates once their final design is prepared and they are ready to share with the community.