1627 Beacon St
San Pedro, CA 90731
Land For Sale · 0.57 AC

Marcus & Millichap is pleased to present an extremely rare opportunity to purchase one parcel totaling approximately 20,532 SF of land in San Pedro. The underlying zoning (R3), allows for 25 buildable units by right and 38 units utilizing the state density bonus, which has recently been increased to 50%. The property is currently unimproved land that sits directly adjacent to the harbor and is located centrally to most of the attractions in San Pedro. The harbor spans 7,500 acres, 15 marinas with 3,736 recreational vessel slips and 43 miles of scenic waterfront. The economic activity generated from the Port is responsible for more than 3 million jobs nationwide and 1 in 9 jobs in Southern California. The city is also home of “The Port of Los Angeles World Cruise Center” and is home to many of the major cruise lines. Besides many of the major attractions, San Pedro hosts many annual and special events such as San Pedro Holiday Parade and the First Tuesday Art Works. The city is well known for its artistic history and has dozens or art and film galleries throughout the city. With a rapid expansion of new development, San Pedro is primed to be a hotspot for new construction and strong future growth. The city is increasingly providing new jobs daily and an expansion of new construction will attract the top talent necessary to fill these spots. The average household income is over $67,773 within a 5-mile radius with a population of 187,635.