550 Palos Verdes St San Pedro, CA 90731-5102

Property Details for 550 Palos Verdes St

Year built

2019

Construction

WOOD

Lot size

2.45 lot acres

Property size

414,189 SF

Zone code

LAC2

Property type

High-rise multifamily apartments

APN

7455-026-053

APU

7455026053

Description

This exceptional 5,100 square foot property, located at 550 S Palos Verdes St in the heart of Downtown San Pedro's vibrant waterfront area, offers a unique opportunity for businesses seeking flexible and modern space. Built in 2021, this seven-story building boasts two suites, with a minimum divisible space of 2,326 square feet and a maximum contiguous space of 5,100 square feet. Currently, 4,916 square feet is available. The property is zoned LAC2 and is ideally situated near the Crown Plaza Hotel, POLA High School, and Port LA headquarters, benefiting from high foot traffic and visibility. The surrounding area includes over 1600 residents and 750 daytime workers within a two-block radius, with an additional 800 apartments planned for development within the next two years. This prime location offers excellent walkability and accessibility, catering to a desirable demographic with a high household income (HHI) exceeding $125,000. The building features 400+ amps of power, making it suitable for a variety of uses, including coworking, medical offices, creative offices, and retail establishments. This mixed-use luxury development is at the entrance to the waterfront, Little Italy, and the historic downtown arts and entertainment district, providing unparalleled exposure and convenience. The property is located in Los Angeles County, California, zip code 90731, and falls within the South Bay submarket cluster.

Location Insight

City

San Pedro

County

Los Angeles

State

California

Longitude

-118.281

Latitude

33.7395

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments