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646 W 6th St - Mixed Use Development | 27 Apartments+Retail 0.23 Acres of Residential Land Offered at $1,600,000 in San Pedro, CA 90731
Investment Highlights
- 50% Approved Plans | Mixed-Use Development – Project is midway through the permitting process with first-round comments addressed.
- 27 Residential Units + Ground-Floor Retail – Efficient mix of 21 studios, 3 one-bedrooms, and 3 two-bedrooms, paired with 664 SF of retail.
- 100% Market-Rate Units – No affordable requirements, providing full control over unit pricing, lease-up strategy, and revenue potential.
- 10,001 SF Lot | Zoned C2-2D-CPIO – Favorable zoning allows for a mix of residential and commercial uses, maximizing development flexibility.
- 20,000 SF Total Buildable Area – Plans call for a modern six-story design with podium parking, creating a high-density project.
Executive Summary
The LAAA Team at Marcus & Millichap is pleased to present 646 W. 6th Street, a prime mixed-use development opportunity located in the heart of San Pedro, California. Situated on a 10,001-square-foot (0.23 acre) lot, the project is designed to deliver a modern six-story structure totaling approximately 20,000 square feet of buildable area.
The proposed plans—currently 50% through the permitting process—call for 27 residential units comprised of 21 studios, 3 one-bedrooms, and 3 two-bedrooms, offering a highly efficient and marketable unit mix. The design also includes a 664-square-foot ground-floor retail space, strategically positioned to benefit from strong pedestrian visibility along W. 6th Street.
Parking will be provided through a podium-style garage on the first and second floors, offering 33 stalls in total, including ADA-compliant, EVCS, and standard spaces, in alignment with zoning and code requirements. The project has already completed its first round of plan-check comments and is advancing toward re-submission, allowing an investor to step in and complete the entitlement process with the project architect.
Parking will be provided through a podium-style garage on the first and second floors, offering 33 stalls in total, including ADA-compliant, EVCS, and standard spaces, in alignment with zoning and code requirements. The project has already completed its first round of plan-check comments and is advancing toward re-submission, allowing an investor to step in and complete the entitlement process with the project architect.
The proposed plans—currently 50% through the permitting process—call for 27 residential units comprised of 21 studios, 3 one-bedrooms, and 3 two-bedrooms, offering a highly efficient and marketable unit mix. The design also includes a 664-square-foot ground-floor retail space, strategically positioned to benefit from strong pedestrian visibility along W. 6th Street.
Parking will be provided through a podium-style garage on the first and second floors, offering 33 stalls in total, including ADA-compliant, EVCS, and standard spaces, in alignment with zoning and code requirements. The project has already completed its first round of plan-check comments and is advancing toward re-submission, allowing an investor to step in and complete the entitlement process with the project architect.
Parking will be provided through a podium-style garage on the first and second floors, offering 33 stalls in total, including ADA-compliant, EVCS, and standard spaces, in alignment with zoning and code requirements. The project has already completed its first round of plan-check comments and is advancing toward re-submission, allowing an investor to step in and complete the entitlement process with the project architect.
Property Facts
| Price | $1,600,000 | Proposed Use | Apartment Units |
| Sale Type | Investment | Total Lot Size | 0.23 AC |
| No. Lots | 1 | No. Stories | 1 |
| Property Type | Land | Opportunity Zone |
Yes
|
| Property Subtype | Residential | ||
| Zoning | C2 - C2-2D-CPIO | ||
| Price | $1,600,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Apartment Units |
| Total Lot Size | 0.23 AC |
| No. Stories | 1 |
| Opportunity Zone |
Yes |
| Zoning | C2 - C2-2D-CPIO |
1 Lot Available
Lot
| Price | $1,600,000 | Lot Size | 0.23 AC |
| Price Per AC | $6,956,521.74 |
| Price | $1,600,000 |
| Price Per AC | $6,956,521.74 |
| Lot Size | 0.23 AC |
1 1
Walk Score®
Walker's Paradise (93)
Bike Score®
Very Bikeable (80)
Property Taxes
| Parcel Number | 7451-029-030 | Improvements Assessment | $54,121 |
| Land Assessment | $1,488,344 | Total Assessment | $1,542,465 |
Property Taxes
Parcel Number
7451-029-030
Land Assessment
$1,488,344
Improvements Assessment
$54,121
Total Assessment
$1,542,465
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646 W 6th St - Mixed Use Development | 27 Apartments+Retail
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