718 Avalon, Wilmington
Wilmington Home For Sale
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.
Property Details
Additional Information
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- City:
- Wilmington
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- County:
- Los Angeles
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- Zip:
- 90744
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- MLS® #:
- SB24034728
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- Lot Size:
- 1.00
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- HOA Dues:
- $
Price Change History for 718 Avalon, Wilmington, (MLS® #SB24034728)
| Date | Details | Price | Change |
|---|---|---|---|
| Price Reduced (from $4,999,999) | $3,950,000 | $1,049,999 (21.00%) |
Based on information from California Regional Multiple Listing Service, Inc. as of July 9th, 2024 at 3:20pm PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.