Log In/Sign Up
Your email has been sent.
735 S Grand Ave - Entitled 125-Unit Multifamily Project 0.62 Acres of Commercial Land Offered at $6,400,000 in San Pedro, CA 90731
Investment Highlights
- Entitled Seven (7)-Story Mixed-Use Building with 166 Parking
- 2,200 SF of Leasable Commercial Space on 1st Floor
- Zoned C2-2D-CPIO
- Plus 29 ADUs designed into Project for 154 Total Units
- Site Covers Entire Block: 100'x270'
- Total Parking: 166 spaces
Executive Summary
Entitled 125-unit multifamily project plus 29 ADUs designed into the plan to be built post-construction (Ultimate build-out of 154 residential units); 14 Units designated for Very Low Income, 4 Units designated for Moderate Income, plus 2,200 SF of Leasable Commercial Space on 1st Floor. Structure is a seven (7)-story mixed-use multifamily building with ground floor retail, one (1) level of subterranean parking, and a total of 166 parking spots. Building design is comprised of five (5) stories of Type III-A wood framed residential construction and three (3) stories of Type I-A concrete parking construction (one level underground parking). Project is exempt from the City Linkage Fee. Additional development information is available.
Zoned C2-2D-CPIO, the parcel stretches from block-to-block and has public access on all four sides; three public streets and an alley. An existing 10,702 SF office building is fully leased to Calvary Chapel San Pedro. The site is located in the Harbor Gateway State Enterprise Zone, the State Opportunity Zone and a Targeted Employment Area (TEA).
The current tenant is paying $6,200 per month plus an has an LA County exemption for property taxes (current lease can be terminated with 120-day notice).
Zoned C2-2D-CPIO, the parcel stretches from block-to-block and has public access on all four sides; three public streets and an alley. An existing 10,702 SF office building is fully leased to Calvary Chapel San Pedro. The site is located in the Harbor Gateway State Enterprise Zone, the State Opportunity Zone and a Targeted Employment Area (TEA).
The current tenant is paying $6,200 per month plus an has an LA County exemption for property taxes (current lease can be terminated with 120-day notice).
Property Facts
1 Lot Available
Lot
| Price | $6,400,000 | Lot Size | 0.62 AC |
| Price Per AC | $10,322,663.89 |
| Price | $6,400,000 |
| Price Per AC | $10,322,663.89 |
| Lot Size | 0.62 AC |
Corner to corner, rectangular lot with alley access in the back. Main street frontage of 270'.
Moderately walkable
60/100
Very drivable
80/100
Some public transit
50/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 7454-002-024 | Improvements Assessment | $1,065,414 |
| Land Assessment | $1,775,694 | Total Assessment | $2,841,108 |
Property Taxes
Parcel Number
7454-002-024
Land Assessment
$1,775,694
Improvements Assessment
$1,065,414
Total Assessment
$2,841,108
1 of 6
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Contact the Sale Advisor
735 S Grand Ave - Entitled 125-Unit Multifamily Project