740 W 24th St, San Pedro, CA 90731

Property Description

BROKER/BUYER PROPERTY TOURS January 12, 2017 between 10am and 2pm. CALL TO CONFIRM A TIME.
 
 The Pacific View Apartments - A 30 unit apartment building located at 740 W 24th St in San Pedro, presently owned and operated as furnished student housing by Marymount California University who is also the seller. The complex is situated on a hillside lot totaling 21,257 square feet with views of the harbor and breakwater as well as affording some city lights views from many units. The parcel is zoned RD2-XL which permits one dwelling unit for each 2,000 square feet of land. Current zoning would not permit the addition of any more units nor would the existing density of 30 units be permitted for a new development. However, the existing use and number of units is grandfathered and considered legal non-conforming. The improvements consists of 28 two bedroom units and 2 singles situated around a center courtyard within 32,977 square feet of building area (per assessor's records). There are 28 parking garages with approximately 41 spaces, of which some are tandem. There are two more tandem garages that are being used for storage and utility closets.
 
 San Pedro is a community within the city of Los Angeles. Formerly a separate city, it consolidated with LA in 1909. It' s a unique blend of small town charm, superb cultural attractions, eclectic shopping, America's Port and a world class cruise center.