631 W 6th St - Residential LAND FOR SALE


San Pedro, CA 90731- Central San Pedro5,009 SF
$1,800,000 USD
818-212-2763
631 W 6th St, San Pedro, CA for Sale
$1,800,000 USD
Residential LAND - FOR SALE
1/4
5,009 SF

631 W 6th St
San Pedro, CA 90731
Central San Pedro


HIGHLIGHTS

  • Near RTI Status – 98% approved plans, requiring only final garage access modifications to secure full RTI permits.
  • By-Right Density Maximization – 39 fully compliant residential units under C2-2D-CPIO zoning with no entitlement risk.
  • Diverse Unit Mix – 27 studios, six one-bedrooms, and six two-bedrooms designed to appeal to a broad tenant base.
  • Mixed-Use Design – Ground-floor retail component (781 SF) enhances long-term income streams and project value.
  • Ample Modern Parking – 53 podium-structured stalls including ADA, EVCS, and EV-ready spaces, exceeding code requirements.
  • Opportunity Zone Location – Offers potential for significant tax incentives to investors while benefiting from long-term neighborhood growth.

OVERVIEW

LAAA Team of Marcus & Millichap is pleased to present 631–637 W 6th Street, a nearly shovel-ready mixed-use development located in the heart of San Pedro, California. This prime 0.32-acre site sits within a designated Opportunity Zone and is 98% through the approval process, requiring only final adjustments to the garage access to obtain full RTI permits. The approved plans call for a five-story, 29,865-square-foot building featuring 39 residential units and ground-floor retail. The residential component is designed to capture strong renter demand with a diverse unit mix of 27 studio apartments, six one-bedroom units, and six two-bedroom units. The ground floor includes approximately 781 square feet of retail frontage, enhancing street activation and long-term income potential. Parking is efficiently provided through a podium structure spanning the first two floors, delivering 53 total spaces—including ADA, EV-ready, and compact stalls—aligning with modern code requirements and tenant expectations. With zoning (C2-2D-CPIO) allowing for exactly 39 units by right, this project maximizes density while remaining compliant with the San Pedro Community Plan Implementation Overlay. Positioned in the heart of Downtown San Pedro, the site benefits from ongoing revitalization efforts, proximity to the Port of Los Angeles, and billions of dollars in infrastructure and commercial investments. With strong fundamentals, Opportunity Zone tax benefits, and near RTI status, this project offers investors a rare opportunity to capitalize on San Pedro’s growth trajectory.

FOR SALE DETAILS

PRICE

$1,800,000 USD

PRICE/ACRE

$15,653,424/AC

PRICE/SF

$359 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

98% RTI | 39 Apartments + Retail

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Residential

LAND PROPOSED USE

Apartment Units

LAND ACRES

0.11 AC

LAND SF

5,009 SF

OFFSITE IMPROVEMENTS

Sewer, Water, Electricity, Gas, Streets, Curb/Gutter/Sidewalk, Cable, Telephone, Irrigation

ZONING

C2

APN/PARCEL ID

7451-036-006,7451-036-007

ASK ABOUT THIS PROPERTY

Tony DangMarcus & MillichapMore Info
818-212-2763

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Tony DangMarcus & MillichapMore Info
818-212-2763

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.