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$2,750,000
SR26146138 MLS
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 livability 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.

537 Nelson, San Pedro

Listing courtesy of Listing Agent: Cynthia Burts (cynthiaburts11@gmail.com) from Listing Office: Burts & Associates.
$3,999,000
26827593 MLS
1661 S Crescent Ave is a fully entitled, plan-check cleared small-lot subdivision 11 new coastal single-family residences on a 20,532 SF corner parcel in San Pedro's harborfront district. Every approval is done. Permits are in final issuance. The site sits ~0.16 miles from the Main Channel with direct sightlines toward Cabrillo Way Marina from the Crescent/Beacon knoll. San Pedro's waterfront is in the middle of its most significant transformation in decades anchored by the 42-acre West Harbor entertainment and dining destination, alongside $1B+ in port-led civic investment. West Harbor opens 2026. This is not speculative. Permits are pulled. Tenants are signed. Steel is in the ground. In coastal Southern California, the land is not what you're paying for. The approvals are. Coastal Commission entitlements on harbor-adjacent parcels are functionally irreplaceable the regulatory environment has tightened, not loosened, over the past decade. The buyer of 1661 S Crescent is not buying raw land. They are acquiring 2 to 4 years of regulatory navigation, pre-cleared, fully permitted, and ready to build from day one. Please call me with any and all questions, I am absolutely reachable by phone or text.

1661 S Crescent Street, San Pedro

Listing courtesy of Listing Agent: Suminda Sellahewa (suminda@aol.com) from Listing Office: Avarnka Real Estate, Inc..

Information Deemed Reliable But Not Guaranteed. © 2026 CARETS ®

Based on information from CRISNet MLS as of All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.