302 Pacific Ave Los Angeles, CA 90731

Property Details for 302 Pacific Ave

Property type

Land

Description

This exceptional San Pedro, CA investment opportunity presents a fully approved, ready-to-build mixed-use development project. Situated on a 10,424 square-foot corner lot zoned C2-1VL-CPIO, the project encompasses a total buildable area of 15,858 square feet across three stories. The development plan includes 26 market-rate residential units: 20 studios (averaging 450 sq ft), 4 one-bedroom units (550 sq ft), and 2 live/work units (750 sq ft). Adding to the income potential is approximately 767 square feet of ground-floor commercial space with high visibility on Pacific Avenue. Parking is ample, with 28 stalls spread across the ground floor and a subterranean level, totaling 13,354 square feet and including accessible and EV-ready spaces. The project is 100% ready-to-issue, with only a minor outstanding hydrant fee (approximately $35,000) remaining. The buyer will need to finalize the permitting process with the architect. This is a turnkey opportunity to capitalize on the strong San Pedro market with a well-designed, approved project. The asking price is $1,600,000, representing a land value of $153 per square foot. The property's address is 302 N Pacific Ave, Los Angeles, CA 90731, and the APN is 7449-011-026.