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$ 1,475,000
Est. payment | /mo
0.32 Acres Lot
$ 1,475,000
Est. payment | /mo
0.32 Acres Lot
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 26845237
HOA Y/N No
Lot Size 0.317 Acres
Property Description
We are pleased to present 631637 W 6th Street, a 13,799-square-foot raw-land assemblage consisting of two contiguous C2-2D-CPIO parcels in the heart of Central San Pedro. Offered at $1,475,000 ($107 per land square foot), the property presents investors and developers with a rare opportunity to acquire a strategically located urban infill site featuring two by-right development pathways, eliminating the uncertainty, cost, and timeline associated with discretionary entitlements.Located within a Qualified Opportunity Zone, TOC Tier 2, and a Very Low Vehicle Miles Traveled (VMT) area, the site benefits from a compelling stack of development incentives, including AB 2097 parking reductions and AB 2334 housing incentives. The assemblage can accommodate either a 10-unit income-producing multifamily development consisting of duplexes and ADUs or a 10-home SB 1123 fee-simple subdivision, both utilizing ministerial approval pathways.Positioned just minutes from the transformative 42-acre West Harbor waterfront redevelopment, the Port of Los Angeles, and Downtown San Pedro's expanding retail and entertainment corridor, the property offers investors exposure to one of Southern California's most significant waterfront revitalization efforts. With pricing below recent land-sale comparables and attractive projected returns under both development scenarios, 631637 W 6th Street presents a compelling opportunity for builders, multifamily investors, and for-sale housing developers alike.
Location
State CA
County Los Angeles
Area 189 - Barton Hill
Zoning LAC2
Interior
Fireplace No
Exterior
View Y/N No
View None
Building
New Construction No
Others
Senior Community No
Tax ID 7451036007
Special Listing Condition Standard
Listed by Filip Niculete Marcus & Millichap #01905352
NEARBY SCHOOL & BUSINESS
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