An opportunity to acquire the fee simple interest in 407 N Harbor, a ±17,600 square foot site strategically located within an opportunity zone and in the heart of San Pedro. Situated along San Pedro’s major thoroughfare, Harbor Blvd, the property offers convenient access to commercial amenities along the waterfront as well as to the 110 and 710 freeways. It is estimated that you could achieve up to 60 units if you utilize the California state density bonus.* The proposed plans call for a ±60,000 square foot mixed-use, six-story development comprised of 47 studio/1-bedroom, 1-bathroom units, 13 2 bedroom, 2 bathroom units, and approximately 3,000 square feet of commercial space. Located within the City of Los Angeles at the southern point of the Palos Verdes Peninsula, San Pedro is home to the Port of Los Angeles, the busiest port in the country, the Vincent Thomas Bridge, the fourth longest suspension bridge in California, and the Battleship Iowa Museum. Over the years, millions of visitors have traveled to San Pedro to enjoy dining and shopping in the Ports O’ Call Village along San Pedro’s waterfront. The Village is currently being redeveloped and will be a part of the West Harbor development, a $150 million, 42-acre commercial destination comprised of restaurants, entertainment, and public space. This is only one of many developments currently underway in San Pedro. There is no doubt that the transformation that San Pedro is currently undergoing will enhance property values within the neighborhood. *Buyer to verify
Listing By CB RICHARD ELLIS – ERIC CHEN
Data Last Updated 9:07am - 06/19/2021
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