782 W 9th Street,San Pedro,Los Angeles,Land

Property Description

This flat 8,400 square foot vacant lot, zoned C2, presents a prime opportunity for a dynamic mixed-use development in the heart of San Pedro’s Central Business District. The parcel, offers the flexibility for a commercial development or multi-residential apartments/condos over commercial/retail/office, with a development height of three stories or 45 feet. The C2 zoning allows R4 density of 21 units before any density bonuses that may be applied for on this site. Strategically positioned on a major thoroughfare, the site benefits from its designation within an opportunity zone, making it a compelling prospect for investment. The CPIO overlay encourages commercial use and the FAR of 1.5 to 1.0 results in a floor area limit of 12,600 square feet, making this an ideal mixed use development for innovative urban development that blends business and residential elements.