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392 7th St - Prime San Pedro Corner Lot | Zoned for Mixed- 0.11 Acres of Commercial Land Offered at $695,000 in San Pedro, CA 90731

INVESTMENT HIGHLIGHTS

  • UNIQUE HYBRID ZONING CM-2 ALLOWS MANUFACTURING, COMMERCIAL, MIXED USE OR APARTMENTS/CONDOS
  • PARCEL HAS OPPORTUNITY ZONE DESIGNATION WHICH LIMITS CAPITAL GAINS TAXES AFTER IMPROVEMENTS
  • LOCATED IN THE SAN PEDRO CPIO OVERLAY CENTRAL DISTRICT E – PERMITTING 4 TO 1 FAR (FLOOR AREA RATIO)
  • HARBOR GATEWAY STATE ENTERPRISE ZONE – POTENTIAL FOR ECONOMIC INCENTIVES

EXECUTIVE SUMMARY

Located at the corner of West 7th Street and Mesa Street in San Pedro, this 4,822 square foot parcel offers a rare opportunity for flexible development in a thriving coastal community. Zoned CM-2 with hybrid zoning, the site allows for manufacturing, commercial, mixed-use, or residential (apartments/condos) uses—making it ideal for a wide range of projects. Currently serving as a private parking lot, the property is primed for redevelopment.
Ideally situated near the Port of Los Angeles and downtown San Pedro, the property benefits from proximity to major transit routes and is surrounded by a blend of residential and commercial developments. With strong fundamentals and unmatched zoning flexibility, this site presents a compelling opportunity for developers looking to invest in a neighborhood on the rise.

ATTACHMENTS

Offering Memorandum

PROPERTY FACTS Under Contract

Price $695,000 Proposed Use
Commercial
  • Industrial
  • Mixed Use
  • Apartment Units
  • Apartment Units - Condo
  • Parking Garage
  • Parking Lot
Sale Type Investment Total Lot Size 0.11 AC
No. Lots 1 No. Stories 1
Property Type Land Year Built 1954
Property Subtype Commercial Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning CM - MANUFACTURING, COMMERCIAL, MIXED USE OR APARTMENTS/CONDOS
Price $695,000
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Industrial
  • Mixed Use
  • Apartment Units
  • Apartment Units - Condo
  • Parking Garage
  • Parking Lot
Total Lot Size 0.11 AC
No. Stories 1
Year Built 1954
Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning CM - MANUFACTURING, COMMERCIAL, MIXED USE OR APARTMENTS/CONDOS

1 LOT AVAILABLE

Lot

Price $695,000 Lot Size 0.11 AC
Price Per AC $6,362,779.12
Price $695,000
Price Per AC $6,362,779.12
Lot Size 0.11 AC

The parcel is part of the San Pedro CPIO Overlay Central District E, which permits a generous 4:1 Floor Area Ratio (FAR), offering significant buildable potential. Its designation within a federal Opportunity Zone provides substantial tax advantages

DESCRIPTION

Prime corner lot at West 7th & Mesa in the heart of San Pedro. Zoned CM-2 with hybrid use potential—commercial, residential, mixed-use, or light industrial—this 4,822 SF parcel offers 4:1 FAR under the CPIO Central District E overlay. Located in an Opportunity Zone with possible economic incentives through the Harbor Gateway Enterprise Zone. Currently used as a private parking lot, this is a flexible development opportunity in a fast-growing coastal market.

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Walk Score®
Walker's Paradise (95)
Bike Score®
Very Bikeable (80)
What is a Walk Score®, Transit Score® & Bike Score®?
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Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
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, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Number 7455-012-028 Improvements Assessment $2,902
Land Assessment $40,664 Total Assessment $43,566

PROPERTY TAXES

Parcel Number
7455-012-028
Land Assessment
$40,664
Improvements Assessment
$2,902
Total Assessment
$43,566
(310) 802-2501

CONTACT

  • Stephen Lampe
    Stephen Lampe

  • Listing ID: 36647226

  • Date on Market: 7/8/2025

  • Last Updated:

  • Address: 392 7th St, San Pedro, CA 90731

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392 7th St, San Pedro, CA for sale Primary Photo- Image 1 of 6
7th & Mesa (1)
392 7th St, San Pedro, CA for sale Plat Map- Image 2 of 6
Parcel Map
392 7th St, San Pedro, CA for sale Building Photo- Image 3 of 6
7th & Mesa (3)
392 7th St, San Pedro, CA for sale Building Photo- Image 4 of 6
7th & Mesa (4)
392 7th St, San Pedro, CA for sale Building Photo- Image 5 of 6
7th & Mesa (2)
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392 7th St - Prime San Pedro Corner Lot | Zoned for Mixed-
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392 7th St - Prime San Pedro Corner Lot | Zoned for Mixed-

Stephen Lampe
(310) 802-2501

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