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735 Grand Avenue - Fully Entitled 125-Unit Multifamily Project 0.62 Acres of Residential Land Offered at $11,576,376 CAD in San Pedro, CA 90731
Investment Highlights
- Fully Entitled 125-Unit Multifamily Project with 29 Additional ADUs Designed into Plan
- 7-Story Project with 166 Parking Spots
- Frontage on 3 Streets Plus an Alley
- 2,200 SF of Leasable Commercial Space on Ground Floor
- Project is Exempt from Linkage Fee
- Within Walking Distance to West Harbor
Executive Summary
Fully entitled 125-unit multifamily project plus 29 ADUs designed into the plan to be built post construction (Ultimate build-out of 154 residential units); 14 Units designated for Very Low Income, 4 Units designated for Moderate Income, plus 2,200 SF of Leasable Commercial Space on 1st Floor. Structure is a seven (7) story mixed-use apartment building with ground floor retail, one (1) level of subterranean parking, and a total of 166 parking spots. Building construction comprised of five (5) stories of Type III-A wood framed residential construction and three (3) stories of Type I-A concrete parking construction (one level underground parking). Project is exempt from the City Linkage Fee. Additional development information is available.
Zoned C2-2D-CPIO, the parcel stretches from block-to-block and has public access on all four sides; three public streets and an alley. An existing 10,702 SF office building is fully leased to Calvary Chapel San Pedro. The site is located in the Harbor Gateway State Enterprise Zone, the State Opportunity Zone and a Targeted Employment Area (TEA).
Zoned C2-2D-CPIO, the parcel stretches from block-to-block and has public access on all four sides; three public streets and an alley. An existing 10,702 SF office building is fully leased to Calvary Chapel San Pedro. The site is located in the Harbor Gateway State Enterprise Zone, the State Opportunity Zone and a Targeted Employment Area (TEA).
Property Facts
1 Lot Available
Lot
| Price | $11,576,376 CAD | Lot Size | 0.62 AC |
| Price Per AC | $18,671,573.82 CAD |
| Price | $11,576,376 CAD |
| Price Per AC | $18,671,573.82 CAD |
| Lot Size | 0.62 AC |
Moderately walkable
70/100
Very drivable
80/100
Some public transit
40/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 7454-002-024 | Improvements Assessment | $1,439,500 CAD |
| Land Assessment | $2,399,172 CAD | Total Assessment | $3,838,672 CAD |
Property Taxes
Parcel Number
7454-002-024
Land Assessment
$2,399,172 CAD
Improvements Assessment
$1,439,500 CAD
Total Assessment
$3,838,672 CAD
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735 Grand Avenue - Fully Entitled 125-Unit Multifamily Project
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