$650,000

Looking to build a dream home in Southern California? Look no further than this rectangular, 6,752-square-foot vacant lot situated less than a block away from the picturesque and peaceful Averill Park in San Pedro, on the southern side of the Palos Verdes Peninsula. The amazing property had plans that were previously approved by the city for a 1,800+ square foot house, providing a head start on building the perfect home. Buyer responsible for confirming status of approval or getting them approved again. Alternatively, one could use the current plans as a foundation for a custom design, or add an ADU (Accessory Dwelling Unit) in the future. Since the current building plans are approved with the city, new owners can actually start building quickly! The lot is adjacent to a highly desirable tree-lined neighborhood, filled with beautiful homes ranging from those built in the 1920s to newer builds, making it an ideal location to build the perfect home. Additionally, the property offers the possibility of building an ADU, providing extra space or an opportunity to earn additional income. Located in the Vista Del Oro neighborhood, the lot is only a few minutes' drive from restaurants, stores, Terranea Resort, beaches, and freeways, providing easy access to all necessities. San Pedro is a true gem within the city of Angels, and with the $150+ million-dollar waterfront initiative plans set to launch this summer, there is potential for significant upside on this property. Don't miss out on this fantastic opportunity to own a prime piece of Southern California South Bay real estate and build the dream home. Come take a look and see if this is the perfect place to call home.