Harbor View House, a 1925-built San Pedro building home to California’s largest facility for the mentally ill, just hit the market for the first time in nearly half a century.
The five-story property, which is slated to sell for about $10 million, could be developed into a boutique hotel or apartment building. The building’s owner, Healthview Inc, will relocate residents from the S. Beacon Street property over the next eight months, according to the Daily Breeze.
The 107,000-square-foot building has been long sought after by developers because of its proximity to San Pedro’s waterfront. At least two L.A. developers have already made offers, according to the Breeze, and a third offer is expected imminently.
City Council member Joe Buscaino, who represents the area, supports the development of a boutique hotel on the site, he told the paper. Other options include micro-units for sale or lease.
“There are two feasible scenarios,” he said. “But I’m going to be insistent on creating and redeveloping this property as a boutique hotel. I see that as a better economic benefit.” [DB] — Cathaleen Chen