448 W 5th St | San Pedro, CA 90731
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- LoopNet Team
448 W 5th St
San Pedro, CA 90731
Shovel Ready 101-Unit in Opportunity Zone · Land For Sale · 0.60 AC
Investment Highlights
- Shovel ready for 99 residential units + 1 retail and 1 office space at ground floor.
- Flat rectangular lot, no subterranean work required.
- Permit approval expected by December 2020 (RTI / Shovel Ready)
- Located in IRS Opportunity Zone.
- Building Height: 85 feet, 8 stories. Type III-A construction.
PROPERTY FACTS
| Property Type | Land | Total Lot Size | 0.60 AC |
| Property Subtype | Residential |
| Property Type | Land |
| Property Subtype | Residential |
| Total Lot Size | 0.60 AC |
Description
Shovel ready for 99 residential units + 1 retail and 1 office space at ground floor. Located in IRS Opportunity Zone. Flat rectangular lot, no subterranean work required. Building Height: 85 feet, 8 stories. Type III-A construction. Planning Dept. approval received in April 2020 (fully entitled). Fully permit approved (RTI). Buyer can pull building and grading permits immediately. See attached Offering Memorandum for more details.
PROPERTY TAXES
| Parcel Number | 7455-003-017 | Improvements Assessment | $12,420,000 |
| Land Assessment | $5,851,209 | Total Assessment | $18,271,209 |
PROPERTY TAXES
Parcel Number
7455-003-017
Land Assessment
$5,851,209
Improvements Assessment
$12,420,000
Total Assessment
$18,271,209
zoning
| Zoning Code | C2-1-CPIO |
| C2-1-CPIO |
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