Land
631-637 W 6th Street
San Pedro, CA 90731
$1,725,000
Listing Price
13,799 SF
Lot Size
10
Buildable Units
$172,500
Price/Buildable Unit
$125
Price/SF
Development Details
PlansUnentitled
ProductSFR / Apartments
ZoningC2-2D-CPIO, QOZ, TOC 2, AB 2097
FAR3.0:1
Current UseTwo existing structures: SFR on 631, store plus residential on 637, to be removed
Price/SF$125
Investment Highlights
- •Two by-right development pathways: an SB 1123 for-sale subdivision of 10 fee-simple homes, or an income build of double-duplexes plus ADUs. Neither requires a zone change, CUP, public hearing, or CEQA review.
- •Two parcels, 631 W 6th (about 8,798 SF) and 637 W 6th (about 5,001 SF), are separately conveyable, so a buyer can acquire the assemblage or either parcel individually.
- •A stacked incentive profile: Qualified Opportunity Zone, TOC Tier 2, AB 2097 (no parking minimums), and AB 2334 (very low VMT) all lift feasibility on both programs.
- •Minutes from the 42-acre West Harbor waterfront destination, a 6,200-seat amphitheater and dining district activating toward a 2026 grand opening.
- •Both pathways pencil at the ask. The income build clears roughly a 6.5% stabilized yield on cost, and the for-sale program returns about $2.17M of developer profit at a 29% margin.
- •A clean development basis: outside the Coastal Zone, outside the flood zone, no Rent Stabilization Ordinance, Housing Element designated, with ministerial approval.
Permitted Uses
C2-2D-CPIO permits multifamily residential. Two by-right pathways: an SB 1123 ministerial for-sale subdivision of 10 fee-simple homes, or an income build of double-duplexes plus ADUs totaling 10 units. Neither requires a zone change, CUP, public hearing, or CEQA review.