Water Views
Address
111 N Harbor Boulevard San Pedro, CA
Price
$ 8,250,000
Property Attributes
  • MLS#21681674
  • TypeLand
  • CountyLOS ANGELES
  • CitySan Pedro
  • AreaBarton Hill
  • Zip90731
  • Style
  • Price$ 8,250,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size0.68 Acres
Listing Provided Courtesy Of:
Filip Niculete with Marcus & Millichap
Data Source:
CLAW
Property Description

We are pleased to present the 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.

Price History
1/26/2021 Listed $8,250,000

General Features

MLS Area 189 - Barton Hill
Property Type Land
Sewer Other
Terms Cash, Contract, FHA, Fannie Mae, Freddie Mac, Government Loan
View Ocean
Waterfront Features Ocean Front
Zoning LARAS4

Exterior Features

Lot Size Acres 0.68
Lot Size Area 29848
Lot Size Square Feet 29848
Lot Size Units Square Feet
View Y/N Yes

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 90731

Price
AVG $4.08M
$8.25M
Visits
AVG 23
6
Walkscore
AVG 68
70
Data Provided by Walkscore ® not using MLS data

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