$1,200,000 - 1457 W 1st, San Pedro

San Pedro Home For Sale

EXCEPTIONAL 3-LOT BUILDER/INVESTOR OPPORTUNITY in SAN PEDRO! Large LAR1-zoned, 3-bedroom, 2 bath, 1,547 square foot home sitting on 3 lots (lots 9, 10, and 11) totaling 9,525 square feet. This property is ripe for building 3 single family homes or multifamily income units, and/or ADUs. LA City Planning office states that 3 addresses have already been assigned to the lot, including 1457. Buyer to verify potential building and subdividing possibilities with LA City Planning Office. As a reference, potential builder/investors should look at the property next door (aerial picture included in MLS pictures) whereby the builder erected 3 single family homes on the same size property comprising lots 12, 13, and 14. Addresses are 1445, 1449, and 1453. For further reference, 1453 next door, built in 2005, sold in April 2024 for $840K. Excellent build opportunity in close proximity to Peck Park, Cabrillo Beach, local dining, 110 Freeway, Vincent Thomas bridge, and the upcoming West Harbor Development, which will span approximately 42 acres and comprise roughly 300,000 square feet of retail, dining, and entertainment space, including a proposed open-air 6,200 seat amphitheater and 1-mile long promenade. Now would be a great time to build prior to the completion of West Harbor which will be bringing new jobs and increased demand for housing.