735 South Grand Avenue, San Pedro, CA for sale

Investment Overview

Entitled 125-unit multifamily development 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).

Investment Highlights

• Entitled 125-Unit Multifamily Project with 29 Additional ADUs Designed into Plan
• Ultimate Build-Out of 154 Residential Units
• 2,200 SF of Leasable Commercial Space on Ground Floor
• 7-Story Structure with 166 Parking Spots
• Project is Exempt from Linkage Fee
• Frontage on 3 Streets Plus an Alley
• Within Walking Distance to West Harbor