MULTI FAMILY OPPORTUNITY | FULLY APPROVED 23 UNITS
Fully Approved Plans and Entitlements
Marketing description
335 N. GAFFEY STREET is a best-in-class, fully entitled multifamily development opportunity in a coastal Los Angeles market with strong fundamentals, major public/private investment, and a clear path to value creation. The combination of entitlement certainty, infill location,and robust market trends positions this asset as a compelling choice for developers, merchant builders, and long-term investors alike.
Investment highlights
Fully Approved Plans: 23 units (21 one-bedrooms, 2 studios) with secured parking, elevator, and modern amenities. All entitlements, architectural, structural, and life-safety plans are stamped and on file.
Coastal Infill Location: Situated along Gaffey Street, the property enjoys excellent access to the LA Waterfront,Downtown San Pedro, and major employment centers including the Port of Los Angeles and Major Freeways connecting to Los Angeles
Explosive Housing Demand: Long Beach’s Downtown Shoreline waterfront investment, combined with its role as a major 2028 Olympic venue (hosting 18 events), is expected to materially increase housing demand across the South Bay and Harbor Area. Approximately 79,000 full time jobs region-wide, spanning construction, hospitality,operations, and support services, with the Harbor Area capturing a meaningful share. This project can materially benefit from this demand.
Strong Market Fundamentals: San Pedro offers robust cap rates and lower price-per-door than other LA coastal submarkets, with persistent rental demand and limited new supply.
Entitlement Certainty: All discretionary approvals are complete, allowing a buyer to focus on construction,lease-up, and value creation rather than navigating the entitlement process.
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