718 N Avalon

Wilmington, CA 90744

  • 0 Sqft
  • 43449
    Sqft(Lot)
$3,800,000

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

    Land
  • County

    Los Angeles
  • Style

    Land
  • AD ID

    45843011

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BuyOwner last updated this listing 11/24/2024 @ 13:13

  • 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.