537 Nelson, San Pedro, CA 90731
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537 Nelson, San Pedro, CA 90731
537 Nelson, San Pedro, CA 90731
537 Nelson, San Pedro, CA 90731
537 Nelson, San Pedro, CA 90731
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537 Nelson San Pedro, CA 90731

0.27 Acres Lot


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Key Details

Property Type Vacant Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID SR26146138

HOA Y/N No

Lot Size 0.267 Acres

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 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.

Location

State CA

County Los Angeles

Area 185 - Plaza

Zoning LA-C2

Interior

Fireplace No

Exterior

Community Features Biking, Curbs, Gutter(s), Storm Drain(s), Street Lights, Sidewalks, Urban, Water Sports

Utilities Available Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

View Y/N Yes

View Bridge(s), City Lights, Coastline, Harbor, Hills, Marina, Ocean, Panoramic, Water

Building

Lot Description Rectangular Lot, Street Level

Water Public

New Construction No

Others

Senior Community No

Tax ID 7455013016

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Special Listing Condition Standard


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Listed by Cynthia Burts Burts & Associates 310-308-8003, DRE #01134271
Esteban Vargas

Esteban Vargas

Broker

+1(562) 639-9173

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537 Nelson