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537 Nelson

San Pedro, CA 90731
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SqFt11,622

Sqft(Lot)

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 livab ility 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.

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Detail Ic Property Details

Property Type : Land

Price : $2,750,000

AD Id : 87655706

MLS Id : SR26146138

Lot Size : 11,622 Sqft(Lot)

County : Los Angeles

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  • Lot Information

    Main Square Feet: 11622 Lot Size Acres: 0.2668 Lot Size Source: Assessor Lot Size Square Feet: 11,622 Lot Description: Rectangular Lot,Street Level

  • Listing Price Information

    Listing Price: $2750000
    Cash, Cash to New Loan

  • Tax Information

    Parcel Number: 7455013016 Tax Lot: 8 Tax Block: 41

  • Utility Information

    Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Location Information

    Direction: Locaed On the West side of Nelson Street between 5th Street and 6th Street WaterSource: Public
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
1661 S Crescent Street, San Pedro, CA, 90731 $3,999,000 -- -- -- 20,534 Sqft(Lot)
675 W Sepulveda, San Pedro, CA, 90731 $749,000 -- -- -- 5,001 Sqft(Lot)
631 W 6th Street, San Pedro, CA, 90731 $1,725,000 -- -- -- 13,798 Sqft(Lot)

The information being provided by Miami Association of REALTORS® is for the consumer's personal, non-commercial use. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Miami Association of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 Miami Association of REALTORS®. All rights reserved.

ByOwner last updated this listing 07/28/2026 @ 19:50

MLS: SR26146138 LISTED BY: Cynthia Burts, Burts & Associates 310-308-8003 SOURCE: CRMLS

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