15
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$2,750,000
Est. payment /mo
0.27 Acres Lot
New
537 Nelson San Pedro, CA 90731
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Key Details
Property Type Vacant Land
Sub Type Lots/Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID SR26146138
Lot Size 0.267 Acres
Property Sub-Type Lots/Land
Property Description
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 redevelopmenta 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 Pedros growing arts districthome to galleries, boutiques, restaurants, and the monthly Art Walkthe project benefits from strong community character and economic momentum. As part of the Port of LA, this transit-oriented develo
Location
State CA
County Los Angeles
Direction Locaed On the West side of Nelson Street between 5th Street and 6th Street
Interior
Fireplace No
Exterior
Utilities Available Cable TV, Electric
View Y/N No
Others
Senior Community No
Tax ID 7455013016
Acceptable Financing Cash
Listing Terms Cash
Listed by Cynthia Burts, DRE#01134271 Burts & Associates
NEARBY SCHOOL & BUSINESS
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