Description

This opportunity-zone property is positioned on a prominent corner and consists of two parcels totaling approximately 0.77 acres (33,798 square feet), offering strong potential for redevelopment. The site is commercially zoned and located within the Harbor Mixed Use Transit Corridor Specific Plan (SP2), allowing for a range of possible uses including retail, medical, mixed-use, residential, or multi-family development, subject to approvals. Investors can benefit from current income while pursuing planning and entitlement processes, as the property is presently leased to an auto salvage tenant generating $9,500 per month, with the lease running through the end of 2027. Environmental due diligence has already been completed, with clean Phase I and Phase II reports from March 2024 on file. Drive-by viewings only are permitted, and visitors are asked not to disturb the current occupant.