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    111 N Harbor Blvd

    San Pedro, CA 90731
    • $8,250,000
    • STATUS: Active
    • ON SITE: 86 days
    • MLS #: 21-681674
    UPDATED: 18 min ago
    $8,250,000
    • 0
      BEDS
    • 0.69
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Vacant Land / Lots
    County:
    Area:

    School Ratings & Info

    Description

    We are pleased to present the rare opportunity to acquire a fully entitled, prime ocean-view development opportunity on Los Angeles waterfront immediately surrounded by over $1 Billion of public and private development. Located at 111 North Harbor Boulevard in San Pedro, this exciting opportunity offers an investor the chance to acquire a 0.69-acre lot fully entitled for 120 units, customize existing development plans if desired, and take advantage of the ongoing revitalization of San Pedro. This project is anticipated to be ready to break ground in just six months. Current development plans envision the project as a 129,511-square foot, six-story mixed-use building with two ground-floor retail spaces, two levels of basement parking, and a unit mix of 71 percent two-bedroom units, 18 percent one-bedroom units, and 11 percent studio apartments. Plans utilize zoning bonuses, and 11 of the units are reserved for low-income housing. The property is located in an opportunity zone and may offer significant tax benefits to the developer of this property.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-04-15T10:42:21.85. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.haciendagroupinc.com/homes/113365084
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    111 N Harbor Blvd San Pedro, CA 90731

    • Price: $8,250,000
    • Status: Active
    • Updated: 18 min ago
    • MLS #: 21-681674
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.69
    Acres
    Neighborhood:
    Barton Hill
    County:
    Los Angeles
    Area:
    Barton Hill
    Property Description
    We are pleased to present the rare opportunity to acquire a fully entitled, prime ocean-view development opportunity on Los Angeles waterfront immediately surrounded by over $1 Billion of public and private development. Located at 111 North Harbor Boulevard in San Pedro, this exciting opportunity offers an investor the chance to acquire a 0.69-acre lot fully entitled for 120 units, customize existing development plans if desired, and take advantage of the ongoing revitalization of San Pedro. This project is anticipated to be ready to break ground in just six months. Current development plans envision the project as a 129,511-square foot, six-story mixed-use building with two ground-floor retail spaces, two levels of basement parking, and a unit mix of 71 percent two-bedroom units, 18 percent one-bedroom units, and 11 percent studio apartments. Plans utilize zoning bonuses, and 11 of the units are reserved for low-income housing. The property is located in an opportunity zone and may offer significant tax benefits to the developer of this property.
    Exterior Features

    Horse YN No Lot Location Ocean Front Lot Size Area 29848 View Description Ocean View YN Yes Water Frontage Ocean

    Property Features

    Cable YN Yes Electric In Street Gas In Street Public Street YN True Sale Type Standard Sewer Other Site Description Beach Source Lot Size Area Vendor Enhanced Street Lights YN True Water District Water Well YN False Zoning Laras4

    Listing provided courtesy of Filip Niculete DRE#01905352 of Marcus & Millichap.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-04-15T10:42:21.85. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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    Hacienda Agency Inc
    77935 Calle Tampico # 201
    La Quinta CA, 92253