Mixed-Use

111 N Harbor Blvd

111 N Harbor Blvd, Los Angeles, CA 90731

Listing Price: $8,250,000

Lot Size
0.69 acres
Price/Acre
$11,956,522
Land Type
Land
Buildable Square Feet
129,511

Investment Overview

Marcus & Millichap is pleased to present to market 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.

Investment Highlights

  • Fully Entitled 120-Unit Mixed-Use Development Opportunity on a 0.69-Acre Lot With Unimpeded Ocean Views
  • Anticipated to be Ready to Break Ground in Just Six Months | New Investor May Still Modify Plans or Proceed As-Is
  • Surrounded By Over $1 Billion in Public and Private Developments and Walkable to the Highly Anticipated $150MM West Harbor Project
  • Located in an Opportunity Zone
  • Current Plans Envision a Six-Story, 129,511-Square Foot Building With 71% Two-Bedroom Units, 18% One-Bedroom Units, 11% Studios, Two Commercial Spaces, and an Enviable List of Amenities
  • Estimated Value of Completed Project: $57 Million

Exclusively Listed By

Listing Price: $8,250,000

Lot Size
0.69 acres
Price/Acre
$11,956,522
Land Type
Land
Buildable Square Feet
129,511

Investment Highlights

  • Fully Entitled 120-Unit Mixed-Use Development Opportunity on a 0.69-Acre Lot With Unimpeded Ocean Views
  • Anticipated to be Ready to Break Ground in Just Six Months | New Investor May Still Modify Plans or Proceed As-Is
  • Surrounded By Over $1 Billion in Public and Private Developments and Walkable to the Highly Anticipated $150MM West Harbor Project
  • Located in an Opportunity Zone
  • Current Plans Envision a Six-Story, 129,511-Square Foot Building With 71% Two-Bedroom Units, 18% One-Bedroom Units, 11% Studios, Two Commercial Spaces, and an Enviable List of Amenities
  • Estimated Value of Completed Project: $57 Million

Investment Overview

Marcus & Millichap is pleased to present to market 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.

Exclusively Listed By

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