537 Nelson
San Pedro, CA 90731
Listing broker / agent: Burts & Associates · Cynthia Burts · 310-308-8003 · CRMLS
MLS # SR26146138 · Last checked Oct 21, 2026 05:19 UTC
About this property
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.
Property details
- MLS number
- SR26146138
- Status
- Active
- Type
- Land
- Lot size
- 0.2668 acres
- County
- Los Angeles
More property detailsCollapse
Listing
- Days on market
- 0
Exterior & parking
- Lot features
- Rectangular Lot, Street Level
- Lot size source
- Assessor
- Property outlook
- Bridges, City Lights, Coastline, Harbor, Hills, Marina, Ocean, Panoramic, Water
Utilities & community
- Water
- Public
- Utilities
- Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
- Community features
- Biking, Curbs, Gutters, Storm Drains, Street Lights, Sidewalks, Urban, Water Sports
Fees & lease terms
- Association
- No
- Association fee
- $0.00
Nearby public schools
Nearby does not mean assigned. These are approximate straight-line distances from the property, not walking or driving routes. Confirm attendance boundaries, enrollment eligibility, grades and current school status directly with the district.
| School / district | Grades | Distance |
|---|---|---|
| Port of Los Angeles High (school website, opens in a new tab) Los Angeles Unified · San Pedro | 9–12 | 0.2 mi |
| Cabrillo Avenue Elementary (school website, opens in a new tab) Los Angeles Unified · San Pedro | K–5 | 0.5 mi |
| Barton Hill Elementary (school website, opens in a new tab) Los Angeles Unified · San Pedro | K–5 | 0.5 mi |
| Fifteenth Street Elementary (school website, opens in a new tab) Los Angeles Unified · San Pedro | K–5 | 0.6 mi |
| Richard Henry Dana Middle (school website, opens in a new tab) Los Angeles Unified · San Pedro | 6–8 | 0.8 mi |
| Bandini Street Elementary (school website, opens in a new tab) Los Angeles Unified · San Pedro | K–5 | 1.0 mi |
| San Pedro Senior High (school website, opens in a new tab) Los Angeles Unified · San Pedro | 9–12 | 1.1 mi |
| Leland Street Elementary (school website, opens in a new tab) Los Angeles Unified · San Pedro | K–5 | 1.4 mi |
Source: California Department of Education · 2025-26 school locations. Downloaded Oct 2, 2026 UTC. This annual snapshot may not reflect later changes. Public schools only; not a complete list of education options. No ratings or attendance assignments are provided.
Check the California School Directory ↗Price and tax history
Asking price
- Current asking price
- $2,750,000
- MLS-reported original asking price
- $2,750,000
| Observed (UTC) | Asking price |
|---|---|
| Oct 2, 2026 05:32 | $2,750,000 |
MLS values are reported for this listing, not prior sales. Observation dates show when our importer saw an asking price, not when the MLS changed it. Up to 24 observations are retained; changes between refreshes may be missed. This is not a complete price or sales history.
Property taxes
Tax history is not available from the imported listing data.
Source: MLS feed. Only supplied tax years are shown, up to 10 years; this is not a county tax archive. Amounts may be corrected and taxes may change after purchase. Verify assessments and current taxes with the county. These values do not automatically fill the payment calculator.
Market trends in San Pedro
Active residential homes for sale in San Pedro, CA, available through this website's authorized feed. Includes residential subtypes; excludes rentals. Not the entire market or a valuation of this property.
Observed price activity · past 30 days
18 currently active listings have an observed price-change pair ending in this period. A listing can appear in both counts.
Calculated 2026-10-21 06:13 UTC. Source: this website's authorized MLS inventory. Import progress, freshness rules and coverage affect the figures. Medians exclude missing/invalid values; price per sq ft is the median of individual listing ratios. Price observations are limited to the last 24 per listing and may miss changes between refreshes. This is not a complete 30-day market report, historical inventory trend, appreciation measure, or sold-price analysis.
Payment calculator
Explore a fixed-rate loan scenario. The price comes from this listing; a 20% down payment and 30-year term are starting assumptions, not requirements. Enter your own interest rate—not APR—and estimated costs.
Illustration only—not a rate quote, preapproval, lending offer or affordability determination. Assumes equal monthly payments on a fully amortizing fixed-rate loan; no adjustable rates, interest-only periods or balloon payments. Excludes closing costs, utilities, maintenance, special assessments and other unentered costs. Actual payments and escrow can differ. Review a Loan Estimate with your lender.
Understanding homeownership costs — CFPB ↗