392 7th St, San Pedro, CA 90731

Property Description

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. 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 for long-term investors, while the Harbor Gateway State Enterprise Zone offers potential economic incentives that further boost project feasibility. 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.