LA without the LA Price Tag
$1.1 billion is expected to be invested by 2024 into San Pedro, the last affordable marine area in Los Angeles. The window of opportunity is limited to get into this charming and creative area before prices hit the levels of the now gentrified Venice, Culver City and Downtown Los Angeles.
San Pedro Background
San Pedro was named for St. Peter of Alexandria, a fourth-century bishop in Alexandria, Egypt. His feast day is November 24, the day on which Juan Rodríguez Cabrillo discovered the bay in 1542 which would become known as San Pedro. San Pedro has long served as a major port for commerce and was also the United States Navy Battle Fleet home port from 1919 to 1940. San Pedro was previously dominated by the fishing industry, but has most recently been known as a working class community. As massive investment dollars flow in to redevelop San Pedro, Los Angeles housing prices rise, and incubators like AltaSea expand in the area, San Pedro is gaining popularity and desirability.
The Port of Los Angeles, a major international seaport, is partially located within San Pedro. The port complex occupies 7,500 acres of land and water along 43 miles of waterfront and adjoins the separate Port of Long Beach. The Port of Los Angeles employs nearly 896,000 people throughout the Los Angeles County Region and 3.6 million worldwide, creating demand for housing in the immediate area of San Pedro. Approximately $1.2 billion worth of cargo comes in and out each day of the Los Angeles Port making it the busiest port in the nation.
The Port of Los Angeles, a major international seaport, is partially located within San Pedro. The port complex occupies 7,500 acres of land and water along 43 miles of waterfront and adjoins the separate Port of Long Beach. The Port of Los Angeles employs nearly 896,000 people throughout the Los Angeles County Region and 3.6 million worldwide, creating demand for housing in the immediate area of San Pedro. Approximately $1.2 billion worth of cargo comes in and out each day of the Los Angeles Port making it the busiest port in the nation.
San Pedro Redevelopment
The San Pedro redevelopment plan is currently in process with $300 million of investments expected to be complete by 2020, and the remainder of the $1.1 billion by 2024. Ongoing projects include major improvements to traffic flow, green areas, the AltaSea development and the Waterfront redevelopment, among others. The links on our homepage provide details of these redevelopment plans, but can also be found at http://developsanpedro.com/ and http://www.sanpedrobid.com/
Stay up to date with the latest happenings in San Pedro by signing up for the District 15 newsletter here
http://www.la15th.com/
Stay up to date with the latest happenings in San Pedro by signing up for the District 15 newsletter here
http://www.la15th.com/
Noteworthy BusinessES
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San Pedro Sites & Activities
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San Pedro boasts an array of activities from water sports, whale watching, boat tours, waterfront dining, shopping, to yoga and tango dancing. A comprehensive list of activities and sites can be found at https://sanpedro.com/
Point Fermin Lighthouse
Cabrillo Marine Aquarium
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Cabrillo Beach
Battleship USS Iowa
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