Rancho San Pedro Redevelopment Project Progressed
A new four-story apartment building has added 47 housing units to the San Pedro neighborhood.
Updated on Oct. 14, 2026 in Construction
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The first phase of the Rancho San Pedro redevelopment project has reached completion with the opening of a 47-unit apartment building. This new housing located at 327 N. Harbor Boulevard replaces aging structures within a public housing complex originally built in the 1940s.
Why it matters
This redevelopment aims to significantly increase housing inventory for the local community. The project is designed to provide replacement homes for residents displaced during the phased construction process.
The new four-story building delivers 47 residential units as part of a 20-year master plan. The full project aims to construct 1,553 total units along with 130,000 square feet of commercial space and five acres of park land.
The players
Richman Group
This real estate development firm is a key partner in the Rancho San Pedro redevelopment venture.
National CORE
This organization is a nonprofit developer that provides affordable housing solutions throughout Southern California.
Century Housing
This mission-driven financier provides capital to support the development of affordable and community-focused housing projects.
Housing Authority of the City of Los Angeles
This municipal agency manages public housing and ensures access to affordable residential options for residents across the city.
The details
The joint venture project involves the Richman Group, National CORE, Century Housing, and the Housing Authority of the City of Los Angeles. The new facility features an exterior finished in white and blue stucco to modernize the site near the Port of Los Angeles.
Timeline
The original public housing complex was constructed in the 1940s.
Construction on the first project component began in April 2025.
The full redevelopment project is scheduled to span 20 years.
Market Landscape
This development reflects a broader regional trend of replacing mid-century public housing with high-density, modern residential facilities. The project positions the city to increase urban housing capacity significantly while managing the displacement of long-term residents.
This project provides 47 new homes for residents displaced by the ongoing neighborhood modernization. Future phases are expected to bring over 1,000 deed-restricted affordable units to the area over the next two decades.
The takeaway
The redevelopment of Rancho San Pedro represents a long-term commitment to upgrading urban residential stock. Residents should monitor future phases for information regarding the availability of the 1,000 planned deed-restricted affordable housing units.
Further reading
Learn more about local development updates by visiting Los Angeles Construction.
More information
Residents looking for additional resources can visit the LA County affordable housing search portal.
Source note: This article includes information reported by Urbanize LA.
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