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631 W 6th St - Qualified Opportunity Zone Development Site 0.11 Acres of Residential Land Offered at $2,407,444 CAD in San Pedro, CA 90731
Investment Highlights
- Develop either a 10-unit multifamily income project (duplexes + ADUs) or a 10-home SB 1123 fee-simple subdivision, both through ministerial approvals
- The property lies within a federal Qualified Opportunity Zone, creating potential capital gains tax advantages for eligible investors and developers.
- The assemblage consists of two separately conveyable parcels totaling ±13,799 SF, allowing investors to acquire, and develop.
- Offered at $125 per land square foot, the site is priced below recent San Pedro development land sales averaging approximately $162 per SF
- Benefits include TOC Tier 2 eligibility, AB 2097 parking flexibility, AB 2334 Very Low-VMT incentives, and Housing Element designation.
- Situated near the West Harbor waterfront redevelopment, Port of Los Angeles, Downtown San Pedro retail corridor.
Executive Summary
The LAAA Team is pleased to present 631–637 W 6th Street, a ±13,799-square-foot raw-land assemblage consisting of two contiguous C2-2D-CPIO parcels in the heart of Central San Pedro. Offered at $1,725,000 ($125 per land square foot), the property presents investors and developers with a rare opportunity to acquire a strategically located urban infill site featuring two by-right development pathways, eliminating the uncertainty, cost, and timeline associated with discretionary entitlements.
Located within a Qualified Opportunity Zone, TOC Tier 2, and a Very Low Vehicle Miles Traveled (VMT) area, the site benefits from a compelling stack of development incentives, including AB 2097 parking reductions and AB 2334 housing incentives. The assemblage can accommodate either a 10-unit income-producing multifamily development consisting of duplexes and ADUs or a 10-home SB 1123 fee-simple subdivision, both utilizing ministerial approval pathways.
Positioned just minutes from the transformative 42-acre West Harbor waterfront redevelopment, the Port of Los Angeles, and Downtown San Pedro's expanding retail and entertainment corridor, the property offers investors exposure to one of Southern California's most significant waterfront revitalization efforts. With pricing below recent land-sale comparables and attractive projected returns under both development scenarios, 631–637 W 6th Street presents a compelling opportunity for builders, multifamily investors, and for-sale housing developers alike.
Located within a Qualified Opportunity Zone, TOC Tier 2, and a Very Low Vehicle Miles Traveled (VMT) area, the site benefits from a compelling stack of development incentives, including AB 2097 parking reductions and AB 2334 housing incentives. The assemblage can accommodate either a 10-unit income-producing multifamily development consisting of duplexes and ADUs or a 10-home SB 1123 fee-simple subdivision, both utilizing ministerial approval pathways.
Positioned just minutes from the transformative 42-acre West Harbor waterfront redevelopment, the Port of Los Angeles, and Downtown San Pedro's expanding retail and entertainment corridor, the property offers investors exposure to one of Southern California's most significant waterfront revitalization efforts. With pricing below recent land-sale comparables and attractive projected returns under both development scenarios, 631–637 W 6th Street presents a compelling opportunity for builders, multifamily investors, and for-sale housing developers alike.
Property Facts
| Price | $2,407,444 CAD | Proposed Use | Apartment Units |
| Sale Type | Investment | Total Lot Size | 0.12 AC |
| No. Lots | 1 | No. Stories | 1 |
| Property Type | Land | Opportunity Zone |
Yes
|
| Property Subtype | Residential | ||
| Zoning | C2-2D-CPIO - commercial | ||
| Price | $2,407,444 CAD |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Apartment Units |
| Total Lot Size | 0.12 AC |
| No. Stories | 1 |
| Opportunity Zone |
Yes |
| Zoning | C2-2D-CPIO - commercial |
1 Lot Available
Lot
| Price | $2,407,444 CAD | Lot Size | 0.12 AC |
| Price Per AC | $20,934,299.83 CAD |
| Price | $2,407,444 CAD |
| Price Per AC | $20,934,299.83 CAD |
| Lot Size | 0.12 AC |
1 1
Moderately walkable
60/100
Very drivable
80/100
Some public transit
40/100
Fairly bikeable
50/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $767,483 CAD | |
| Land Assessment | $1,565,067 CAD | Total Assessment | $2,332,551 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$1,565,067 CAD
Improvements Assessment
$767,483 CAD
Total Assessment
$2,332,551 CAD
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631 W 6th St - Qualified Opportunity Zone Development Site
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