631 W 6th St - Residential LAND FOR SALE


San Pedro, CA 90731- Central San Pedro5,009 SF
$1,725,000 USD
818-212-2763
631 W 6th St, San Pedro, CA for Sale
$1,725,000 USD
Residential LAND - FOR SALE
1/2
5,009 SF

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


HIGHLIGHTS

  • Develop either a 10-unit multifamily income project (duplexes + ADUs) or a 10-home SB 1123 fee-simple subdivision, both through ministerial approvals
  • Offered at $125 per land square foot, the site is priced below recent San Pedro development land sales averaging approximately $162 per SF
  • The property lies within a federal Qualified Opportunity Zone, creating potential capital gains tax advantages for eligible investors and developers.
  • Benefits include TOC Tier 2 eligibility, AB 2097 parking flexibility, AB 2334 Very Low-VMT incentives, and Housing Element designation.
  • The assemblage consists of two separately conveyable parcels totaling ±13,799 SF, allowing investors to acquire, and develop.
  • Situated near the West Harbor waterfront redevelopment, Port of Los Angeles, Downtown San Pedro retail corridor.

OVERVIEW

The LAAA Team is pleased to present 631–637 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 $1,725,000 ($125 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, 631–637 W 6th Street presents a compelling opportunity for builders, multifamily investors, and for-sale housing developers alike.

FOR SALE DETAILS

PRICE

$1,725,000 USD

PRICE/ACRE

$15,000,000/AC

PRICE/SF

$344 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

Qualified Opportunity Zone Development Site

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Residential

LAND PROPOSED USE

Apartment Units

LAND ACRES

0.12 AC

LAND SF

5,009 SF

OFFSITE IMPROVEMENTS

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

ZONING

C2-2D-CPIO

APN/PARCEL ID

7451-036-006,7451-036-007

ASK ABOUT THIS PROPERTY

Tony DangMarcus & MillichapMore Info
818-212-2763

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

Tony DangMarcus & MillichapMore Info
818-212-2763

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