98% RTI | 39 Apartments + Retail

Highlights:

• Near RTI Status – 98% approved plans, requiring only final garage access modifications to secure full RTI permits.
• By-Right Density Maximization – 39 fully compliant residential units under C2-2D-CPIO zoning with no entitlement risk.
• Diverse Unit Mix – 27 studios, six one-bedrooms, and six two-bedrooms designed to appeal to a broad tenant base.
• Mixed-Use Design – Ground-floor retail component (781 SF) enhances long-term income streams and project value.
• Ample Modern Parking – 53 podium-structured stalls including ADA, EVCS, and EV-ready spaces, exceeding code requirements.
• Opportunity Zone Location – Offers potential for significant tax incentives to investors while benefiting from long-term neighborhood growth.

Description:

LAAA Team of Marcus & Millichap is pleased to present 631–637 W 6th Street, a nearly shovel-ready mixed-use development located in the heart of San Pedro, California. This prime 0.32-acre site sits within a designated Opportunity Zone and is 98% through the approval process, requiring only final adjustments to the garage access to obtain full RTI permits.

The approved plans call for a five-story, 29,865-square-foot building featuring 39 residential units and ground-floor retail. The residential component is designed to capture strong renter demand with a diverse unit mix of 27 studio apartments, six one-bedroom units, and six two-bedroom units. The ground floor includes approximately 781 square feet of retail frontage, enhancing street activation and long-term income potential.

Parking is efficiently provided through a podium structure spanning the first two floors, delivering 53 total spaces—including ADA, EV-ready, and compact stalls—aligning with modern code requirements and tenant expectations. With zoning (C2-2D-CPIO) allowing for exactly 39 units by right, this project maximizes density while remaining compliant with the San Pedro Community Plan Implementation Overlay.

Positioned in the heart of Downtown San Pedro, the site benefits from ongoing revitalization efforts, proximity to the Port of Los Angeles, and billions of dollars in infrastructure and commercial investments. With strong fundamentals, Opportunity Zone tax benefits, and near RTI status, this project offers investors a rare opportunity to capitalize on San Pedro’s growth trajectory.