335 N Gaffey Street is a best-in-class, fully entitled multifamily development opportunity in a coastal Los Angeles market with strong fundamentals, major public/private investment, and a clear path to value creation. The combination of entitlement certainty, infill location, and robust market trends positions this asset as a compelling choice for developers, merchant builders, and long-term investors alike. Investment Highlights • Fully Approved Plans: 23 units (21 one-bedrooms, 2 studios) with secured parking, elevator, and modern amenities. All entitlements, architectural, structural, and life-safety plans are stamped and on file. • Coastal Infill Location: Situated along Gaffey Street, the property enjoys excellent access to the LA Waterfront, Downtown San Pedro, and major employment centers including the Port of Los Angeles and Major Freeways connecting to Los Angeles • Strong Market Fundamentals: San Pedro offers robust cap rates and lower price-per-door than other LA coastal submarkets, with persistent rental demand and limited new supply. • Waterfront Revitalization: Over $1 billion in public and private investment is transforming the LA Waterfront, driven by major development in the surrounding area for the 2028 Olympic Games, driving new demand for quality housing and enhancing neighborhood amenities. • Entitlement Certainty: All discretionary approvals are complete, allowing a buyer to focus on construction, lease-up, and value creation rather than navigating the entitlement process.