$1,995,000

537 W 10th St presents an exceptional investment opportunity with development potential in the heart of San Pedro. Currently comprised of a triplex alongside an adjacent lot, the property comes with Ready-to-Issue (RTI) plans for the construction of an additional 9 units, promising significant upside in rental income. The existing triplex features (3) 2-bedroom/1-bathroom units, while the proposed construction will introduce (6) brand new 2-bedroom/2.5-bathroom units alongside (3) 1-bedroom/1-bathroom Accessory Dwelling Units (ADUs) through garage conversions. With a total lot size of 13,505 square feet, comprising 2,932 square feet for the existing triplex and an additional 7,544 square feet for the proposed construction, this property offers a great opportunity for any developer. Nestled in San Pedro, within walking distance of vibrant retail and dining on 7th Street - including multiple breweries and highly rated restaurants - and conveniently situated between popular locales like Long Beach and Rancho Palos Verdes, 537 W 10th Street resides in a promising market for investors and developers alike. With a mix of existing units and planned new construction, it offers a lucrative opportunity to capitalize on development potential and maximize returns.

Listing Map