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718 Avalon

Wilmington, CA 90744

$3,950,000

Listed Price
N/A

bed Beds

N/A

shower Baths

N/A sqft

straighten $90 / sqft

calendar_month Built

Property Description

Rare opportunity to acquire Opportunity Zoned lot assemblage totaling 43,449 square feet. These parcels were previously vested as a 208-Unit apartment building, offering 100% Affordable Housing. This unique opportunity to develop is located in the Wilmington neighborhood of Los Angeles. Architectural design submitted could afford 100,196 sf of building space. This project was vested under the 2023 ED1, which is set to undergo imminent revisions. Scheduled to be trimmed back and codified within the next couple of weeks, the current zoning for 208 units will be drastically reduced. This renders the current phase a rare and time-sensitive opportunity, as it may no longer be viable once the codification process is complete. Environmental inspections have been completed and reports are available for a separate fee. The project can include seller-financing for the land acquisition for up to 2 years. . Project previously vested consists of 3 separate buildings that can be built in phases.

Interior Features

Bedroom Information
Bedrooms N/A
Bathroom Information
Bathrooms N/A

Listing Information

Address 718 Avalon
City Wilmington
State CA
Zip 90744
County Los Angeles
Listing Agent Amie Shepard DRE#01882892
Courtesy Of West Shores Realty, Inc.
MLS SB24034728
List Price $3,950,000
Status Active
Type Land
Structure Size N/A
Lot Size 43,449
DOM 68

Exterior Information

Maps

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Listing information courtesy of: Amie Shepard, West Shores Realty, Inc. . *Based on information from the Association of REALTORS/Multiple Listing as of Apr 26th, 2024 at 8:44 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.