$5,500,000 Price Analysis   ♡   San Pedro, CA 90731 Unknown bed 0 bath unknown SqFt ($0/SqFt) 0.72 acre lot. Listed 2024-07-01, Taxes $12,663 | Ⓧ USDA Ineligible due to property near Los Angeles |
We are proud to present for sale a 31
521 SF Development Opportunity on vacant land with ED-1 Potntial. 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 11 0k 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.
Presented by Dario Svidler at
Keller Williams Beverly Hills.
Property MLS #24-410377 from TheMLSCLAW
Lot Size Acres: 0.7236226
Lot Size Dimensions: 210x150
Lot Size Source: Assessor
Lot Size Square Feet: 31521
Calculated Total Monthly Association Fees: 0
County: Los Angeles
Current Use: Vacant Land
Directions: Between Palos Verdes and Long Beach. Near Port of Los Angeles.
Source Property Type: Land
Possible Use: Build 234+/- Affordable Units
Area: Plaza
Source Neighborhood: Plaza
Parcel Number: 7454-026-011
Postal Code Plus 4: 4107
Property Location: Alley Access, Corner Lot
Zoning: C2-1 XL-CPIO
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $307,000 + $717,000 $1,024,000 | $12,663 |
| 2021 | $330,000 + $770,000 $1,100,000 | $13,625 |
| 2020 | $203,924 + $203,924 $407,848 | $5,586 |
| 2019 | $199,926 + $199,926 $399,852 | $5,387 |
| 2018 | $196,006 + $196,006 $392,012 | $5,214 |
| 2017 | $192,163 + $192,163 $384,326 | $5,107 |
| 2016 | $188,396 + $188,396 $376,792 | $4,953 |
| 2015 | $185,567 + $185,567 $371,134 | $4,886 |
| 2014 | $181,932 + $181,932 $363,864 | $4,856 |
| 2013 | $181,110 + $181,110 $362,220 | $4,913 |
| 2012 | $177,559 + $177,559 $355,118 | $4,977 |
| 2010 | $174,078 + $174,078 $348,156 | $4,891 |
| 2009 | $173,188 + $173,188 $346,376 | $4,720 |
| 2009 | $172,777 + $172,777 $345,554 | $4,720 |
| 2008 | $169,793 + $169,793 $339,586 | $4,533 |
| 2007 | $166,464 + $166,464 $332,928 | $4,375 |
$5,500,000
TheMLSCLAW
Listing removed 2022-03-03
$0
TheMLSCLAW
Listed 2022-01-13
$6,100,000
TheMLSCLAW
Listing removed 2021-11-25
$0
TheMLSCLAW
Listed 2021-08-13
$6,375,000
TheMLSCLAW
Sold 2020-12-28
$1,100,000
Public Record
Sold 2005-04-28
$175,000
Public Record
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.