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27418770
27418771

537 Nelson Street, San Pedro, CA 90731

EG
CA 00872949
Eric Girod
Listed by Eric Girod
$4,200,000
238 days on market
Updated 16 days ago
Opportunity zone

San Pedro 98-Unit ED1 RTI Development Project

Details
Property Type Land
Sub Type Residential
Broker Co-Op Yes
Lot Size (SqFt) 11,631
Zoning LAC2-2D

Land | 11,631 SqFt

Marketing description

Burts and Associates is proud to present 537 Nelson Street, San Pedro – fully entitled in 60 days, 100% ED-1 affordable mixed-use development in the heart of Historic Downtown. This RTI-ready project has final ED-1 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.

For further Information, Plans, Engineering & Construction Numbers, Contact the Listing Agent, Eric Girod, at 310. 691.0146.

Investment highlights

  • Final RTI ED-1 100% Affordable Project Approved for the City of San Pedro Area

  • RTI 98 Unit - ED-1 Affordable Mixed-Use Project - Per AB 1763, AB 2345 & AB 2097

  • 6-Story Wood Frame - Type III Construction - Concrete Podium - All Plans, Engineering, Renders, and other Related Materials are Included in the Sale.

  • Excellent Unit Mix - (49) One Bedroom /One Bathroom (350 SF) and (49) Studio / One Bathroom (260 SF)

  • Located in the Heart of the Downtown San Pedro Historical District - Walking Distance to the New West Harbor Redevelopment Project

  • Located Close to a Major Transit Stop at 7th Street & Mesa Street & The 110 Freeway

Listing Contacts

EG
CA 00872949
Eric Girod
Listed by Eric Girod

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