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.
Property Type
LandCounty
Los AngelesStyle
LandAD ID
45843011
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Property Details
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Property / Lot Details
Lot Details
- Lot Dimensions Source: Vendor Enhanced
- Lot Size Acres: 0.9975
- Lot Size Source: Assessor
- Lot Size Square Feet: 43449
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Listing Information
Listing Price Information
- Original List Price: 3,800,000
- Listing Contract Date: 2024-02-19
Lease Information
- Listing Agreement: Exclusive Right To Sell
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Taxes / Assessments
Tax Information
- Parcel Number: 7423002039
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Virtual Tour, Parking, Multi-Unit Information & Homeowners Association
Garage and Parking
Homeowners Association
Rental Info
- Lease Term: Negotiable
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School, Utilities & Location Details
Other Property Info
- Source Listing Status: Active
- Source Neighborhood: 196 - East Wilmington
- Directions: South of Anaheim on Broad or Avalon
- Zoning: LAC2
- Source Property Type: Land
- Area: 196 - East Wilmington
Building and Construction
- Year Built Source: Vendor Enhanced
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BuyOwner last updated this listing 11/05/2024 @ 03:34
- MLS: SB24034728
- LISTING PROVIDED COURTESY OF: ,
- SOURCE: CRMLS
is a Land, with 0 bedrooms which is for sale, it has 0 sqft, 43,449 sized lot, and 0 parking. A comparable Land, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of Wilmington , in zip code 90744, this Los Angeles County Land are nearby neighborhoods.