Entitled Affordable Mixed-Use Development
For Sale
$2,750,000
537 Nelson, San Pedro, CA 90731
Fully entitled, RTI-ready ED-1 affordable mixed-use site with final approval for 98 units and ground-floor commercial.
Property SizeContact for details
Days on Market33
Property Features for 537 Nelson
General Information
Standard status
Active
Property subtype
Land
Additional Details
Multifamily Units
98
Building Details
Stories
6
Listing Agency:
Burts & Associates
(310) 308-8003
Listed By:
Cynthia Burts · License #01134271
Source:
Elliman
Added: Jul 8
Changed: Aug 8
Last Checked: Jul 8 at 5:52AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Burts & Associates
Investment Insights
Based on property information with market context.
An RTI-ready, fully entitled development opportunity at 537 Nelson Street in San Pedro, approved for immediate construction. The project includes final ED-1 approval for 98 units under AB 1763, AB 2345, and AB 2097, with a six-story, Type III wood-frame building over a concrete podium. The proposed unit mix consists of 49 one-bed/one-bath units and 49 studio/one-bath units. Ground-floor commercial space, community amenities, and secure bicycle parking are included in the plan, and all plans, engineering, renders, and related materials are stated as included with the sale.
The site is described as located in the heart of historic downtown, positioned near the major transit hub at 7th & Mesa. WalkScore is listed as 82 (very walkable) and transitScore as 45 (some transit), with bikeScore listed as 56 (bikeable). The remarks also note walkability to the West Harbor redevelopment on the LA Waterfront, and proximity to the Battleship Iowa Museum, LA Cruise Terminal, and the Maritime Museum.
The site is described as located in the heart of historic downtown, positioned near the major transit hub at 7th & Mesa. WalkScore is listed as 82 (very walkable) and transitScore as 45 (some transit), with bikeScore listed as 56 (bikeable). The remarks also note walkability to the West Harbor redevelopment on the LA Waterfront, and proximity to the Battleship Iowa Museum, LA Cruise Terminal, and the Maritime Museum.
Key Highlights
- Fully entitled, RTI‑ready ED‑1 affordable mixed‑use project at 537 Nelson Street, San Pedro
- Final ED1 approval for 98 units under AB 1763, AB 2345, and AB 2097, approved for immediate construction
- Six‑story Type III wood‑frame building over a concrete podium
Property Analytics
Property Profile
Current Use
Lease Details
98
Residential units
Location Intelligence
Trade Area within ½ mile
2,539
Businesses Nearby
Explore this area
Business Placement
Demographics for 90731, CA
61,270
Population
24,477
Households
2.5
Avg Household Size
38
Median Age
25%
College-Educated
81%
High-School Grad
9.3 sq mi
ZIP Area
6,588
Density / Sq Mi
$71,936
Median Household Income
$41,324
Median Earnings
$1,645
Median Rent
$808,800
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Fully entitled, RTI-ready ED-1 affordable mixed-use site with final approval for 98 units and ground-floor commercial.
Where is this residential land & home lot located?
The property is located at 537 Nelson San Pedro, CA.
What is the asking price?
The asking price for this property is $2,750,000.
What are key features of this property?
This property features: Fully entitled, RTI‑ready ED‑1 affordable mixed‑use project at 537 Nelson Street, San Pedro; Final ED1 approval for 98 units under AB 1763, AB 2345, and AB 2097, approved for immediate construction; Six‑story Type III wood‑frame building over a concrete podium
