Plaza (185) Land for Sale

Plaza (185) Land for Sale

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Newest Plaza (185) Land for Sale

$2,750,000
SR26146138 MLS Active Status
Burts and Associates is proud to present 537 Nelson Street, San Pedro. MAJOR $1,450,000 PRICE REDUCTION - Now $28,061 Per Unit - BRING OFFERS. Fully Entitled and Shovel-Ready, This Project is Approved for Immediate Construction, Providing an Opportunity to Begin Development without Entitlement Delays. 100% ED-1 Affordable Mixed-Use Development in the Heart of Historic Downtown. This RTI-ready project has final ED1 approval for 98 units under AB 1763, AB 2345, and AB 2097, offering an immediate close opportunity for a high-impact affordable housing investment. The six-story, Type III wood-frame building over a concrete podium includes a highly efficient unit mix: 49 one-bed/one-bath units (350 SF) and 49 studio/one-bath units (260 SF). Each unit is thoughtfully designed to maximize livability in a compact footprint, making it ideal for urban tenants. The development also features ground-floor commercial space, community amenities, and secure bicycle parking, enhancing both resident experience and long-term value. Strategically located near the major transit hub at 7th & Mesa, the property offers excellent walkability to the West Harbor redevelopment—a future entertainment and dining destination on the LA Waterfront. The location is also steps from cultural landmarks like the Battleship Iowa Museum, LA Cruise Terminal, and Maritime Museum. Set within San Pedro’s growing arts district—home to galleries, boutiques, restaurants, and the monthly Art Walk—the project benefits from strong community character and economic momentum. As part of the Port of LA, this transit-oriented development is positioned in one of Southern California’s most dynamic coastal urban corridors. All Plans, Engineering, Renders, and other Related Materials are Included in the Sale.

537 Nelson, San Pedro

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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.