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631 W 6th St - Significant Price Reduction | Vacant | OZ 0.32 Acres of Residential Land Offered at $1,475,000 in San Pedro, CA 90731
Investment Highlights
- Two contiguous parcels may be acquired together or individually.
- Qualified Opportunity Zone designation may benefit qualifying investments.
- Located near Downtown San Pedro, the Port of Los Angeles, and West Harbor.
- Zoned C2-2D-CPIO with multifamily residential development potential.
- Dual alley access provides additional site circulation flexibility.
- Identified by-right development pathways reduce entitlement risk.
Executive Summary
The site is positioned within San Pedro's evolving urban core, with convenient access to downtown retail, dining, major transportation corridors, the Port of Los Angeles, and the expanding West Harbor waterfront destination. West Harbor's ongoing redevelopment, including a 6,200-seat amphitheater, entertainment venues, dining concepts, and public waterfront improvements, continues to bring investment and activity to the surrounding area. The property also benefits from proximity to the Harbor region employment base and regional connectivity via the 110 Freeway.
Development feasibility is further supported by a combination of planning and legislative incentives, including Qualified Opportunity Zone designation, TOC Tier 2 eligibility, AB 2097 parking flexibility, and very-low-VMT considerations referenced in the offering materials. Existing zoning permits multifamily residential uses, and the site is identified within the Housing Element framework. For developers seeking a land basis with multiple execution options, the assemblage offers flexibility, location advantages, and a pathway to residential development in one of Los Angeles' most active waterfront submarkets.
Property Facts
| Price | $1,475,000 | Proposed Use | Apartment Units |
| Sale Type | Investment | Total Lot Size | 0.32 AC |
| No. Lots | 1 | No. Stories | 1 |
| Property Type | Land | Opportunity Zone |
Yes
|
| Property Subtype | Residential | ||
| Zoning | C2-2D-CPIO - commercial | ||
| Price | $1,475,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Apartment Units |
| Total Lot Size | 0.32 AC |
| No. Stories | 1 |
| Opportunity Zone |
Yes |
| Zoning | C2-2D-CPIO - commercial |
1 Lot Available
Lot
| Price | $1,475,000 | Lot Size | 0.32 AC |
| Price Per AC | $4,656,213.60 |
| Price | $1,475,000 |
| Price Per AC | $4,656,213.60 |
| Lot Size | 0.32 AC |
A ±13,799 SF raw-land assemblage of two contiguous C2-2D-CPIO parcels in Central San Pedro, offered and priced as land and positioned around two clean, by-right development pathways with no discretionary entitlement.
Description
631-637 W 6th Street consists of two contiguous parcels totaling approximately ±13,799 square feet located on the south side of W 6th Street in San Pedro, California. The property is zoned C2-2D-CPIO and is designated within a Qualified Opportunity Zone. The site includes APNs 7451-036-006 and 7451-036-007 and is situated between S Gaffey Street and S Grand Avenue with access from W 6th Street and two rear alleys. The offering materials identify multifamily residential development potential under current zoning and reference Housing Element designation and TOC Tier 2 eligibility. The property is located near Downtown San Pedro, the Port of Los Angeles, West Harbor, and regional access routes including the 110 Freeway.
Property Taxes
| Parcel Numbers | Improvements Assessment | $552,039 | |
| Land Assessment | $1,125,729 | Total Assessment | $1,677,768 |
Property Taxes
