Multi-Family
631-637 W 6th Street
631 W 6th St, San Pedro, CA 90731
Listing Price: $1,725,000
Investment Overview
Marcus & Millichap is pleased to present 631–637 W 6th Street, a ±13,799-square-foot raw-land assemblage consisting of two contiguous C2-2D-CPIO parcels in the heart of Central San Pedro. Offered at $1,725,000 ($125 per land square foot), the property presents investors and developers with a rare opportunity to acquire a strategically located urban infill site featuring two by-right development pathways, eliminating the uncertainty, cost, and timeline associated with discretionary entitlements.
Located within a Qualified Opportunity Zone, TOC Tier 2, and a Very Low Vehicle Miles Traveled (VMT) area, the site benefits from a compelling stack of development incentives, including AB 2097 parking reductions and AB 2334 housing incentives. The assemblage can accommodate either a 10-unit income-producing multifamily development consisting of duplexes and ADUs or a 10-home SB 1123 fee-simple subdivision, both utilizing ministerial approval pathways.
Positioned just minutes from the transformative 42-acre West Harbor waterfront redevelopment, the Port of Los Angeles, and Downtown San Pedro's expanding retail and entertainment corridor, the property offers investors exposure to one of Southern California's most significant waterfront revitalization efforts. With pricing below recent land-sale comparables and attractive projected returns under both development scenarios, 631–637 W 6th Street presents a compelling opportunity for builders, multifamily investors, and for-sale housing developers alike.
631-637 W 6th Street
Investment Highlights
- Develop either a 10-unit multifamily income project (duplexes + ADUs) or a 10-home SB 1123 fee-simple subdivision, both through ministerial approvals without public hearings, CUPs, zone changes.
- Offered at $125 per land square foot, the site is priced below recent San Pedro development land sales averaging approximately $162 per land square foot, providing an attractive entry point.
- The property lies within a federal Qualified Opportunity Zone, creating potential capital gains tax advantages for eligible investors and developers.
- Benefits include TOC Tier 2 eligibility, AB 2097 parking flexibility, AB 2334 Very Low-VMT incentives, and Housing Element designation, significantly enhancing development feasibility.
- The assemblage consists of two separately conveyable parcels totaling ±13,799 SF, allowing investors to acquire, develop, or potentially dispose of the properties individually or together.
Exclusively Listed By
Financing By
Listing Price: $1,725,000
Investment Highlights
- Develop either a 10-unit multifamily income project (duplexes + ADUs) or a 10-home SB 1123 fee-simple subdivision, both through ministerial approvals without public hearings, CUPs, zone changes.
- Offered at $125 per land square foot, the site is priced below recent San Pedro development land sales averaging approximately $162 per land square foot, providing an attractive entry point.
- The property lies within a federal Qualified Opportunity Zone, creating potential capital gains tax advantages for eligible investors and developers.
- Benefits include TOC Tier 2 eligibility, AB 2097 parking flexibility, AB 2334 Very Low-VMT incentives, and Housing Element designation, significantly enhancing development feasibility.
- The assemblage consists of two separately conveyable parcels totaling ±13,799 SF, allowing investors to acquire, develop, or potentially dispose of the properties individually or together.
Investment Overview
Marcus & Millichap is pleased to present 631–637 W 6th Street, a ±13,799-square-foot raw-land assemblage consisting of two contiguous C2-2D-CPIO parcels in the heart of Central San Pedro. Offered at $1,725,000 ($125 per land square foot), the property presents investors and developers with a rare opportunity to acquire a strategically located urban infill site featuring two by-right development pathways, eliminating the uncertainty, cost, and timeline associated with discretionary entitlements. Located within a Qualified Opportunity Zone, TOC Tier 2, and a Very Low Vehicle Miles Traveled (VMT) area, the site benefits from a compelling stack of development incentives, including AB 2097 parking reductions and AB 2334 housing incentives. The assemblage can accommodate either a 10-unit income-producing multifamily development consisting of duplexes and ADUs or a 10-home SB 1123 fee-simple subdivision, both utilizing ministerial approval pathways. Positioned just minutes from the transformative 42-acre West Harbor waterfront redevelopment, the Port of Los Angeles, and Downtown San Pedro's expanding retail and entertainment corridor, the property offers investors exposure to one of Southern California's most significant waterfront revitalization efforts. With pricing below recent land-sale comparables and attractive projected returns under both development scenarios, 631–637 W 6th Street presents a compelling opportunity for builders, multifamily investors, and for-sale housing developers alike.
Exclusively Listed By
Financing By
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