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718 N Avalon
Wilmington CA 90744 US

$2,650,000

Active Listing ID SB24034728
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Lot: 29,766.00 Square Feet
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$2,650,000

Active Listing ID SB24034728
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718 N Avalon Rare opportunity to acquire Opportunity Zoned lot assemblage totaling 43, 449 square feet via Assignment. These parcels have been 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 vested will afford 100, 196 sf of building space. This project is currently 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 viewing. Full assignment of the project can include seller-financing for the land acquisition for up to 2 years. Project consists of 3 separate buildings that can be built in phases. Assignee can build all 3 or sell individually in RTI status.

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Property Features

  • Facts
  • Lot Size: 29,766.00 Square Feet
  • Property Type: Land
  • Property Sub-type: Other
  • Features
  • Exterior Finish: Community Features Included: Suburban

Property

  • propertytype: Land
  • propertysubtype: Other
  • listprice: 2650000
  • unparsedaddress: 718 N Avalon
  • postalcity: Wilmington
  • stateorprovince: CA
  • country: US
  • postalcode: 90744
  • bathroomsfull: 0
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.683333333333333
  • lotsizeunits: Square Feet
  • lotsizearea: 29766
  • livingarea: 0
  • livingareaunits: Square Feet
  • latitude: 33.779079
  • longitude: -118.262169
  • listagentfullname: Amie Shepard
  • listagentemail: amie90250@gmail.com
  • listagentkey: 3yd-MRMLSCA-SSHEPAMI
  • listagentmlsid: SSHEPAMI
  • listagentpreferredphone: 3106864544
  • listagentofficephone: 3105418000
  • listofficekey: 3yd-MRMLSCA-SB1301220
  • listagentstatelicense: 01882892
  • listofficemlsid: SB1301220
  • disclaimer: Copyright © 2024 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: MRMLSCA
  • listingcontractdate: 2024-02-19
  • listagenturl: https://www.westshoresrealty.com
  • countyorparish: Los Angeles
  • parcelnumber: 7423002039
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 0
  • parkingtotal: 0
  • view: None
  • waterfrontyn: False
  • exteriorfeatures: Community Features Included: Suburban
  • architecturalstyle: Other
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • location: -118.26217, 33.77908
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"West Shores Realty", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"amie90250@gmail.com", "ListBrokerageCity":"Rolling Hills Estates", "ListBrokerageCountry":"US", "ListBrokerageEmail":"amir@westshorescorp.com", "ListBrokerageLogoUrl":null, "ListBrokerageName":"West Shores Realty", "ListBrokeragePhone":"(310) 541-8000", "ListBrokeragePostalCode":"90274", "ListBrokerageStateOrProvince":"CA", "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":"449 Silver Spur Rd.", "ListBrokerageWebsiteUrl":"https://www.westshoresrealty.com", "ListOfficeAddress1":"449 Silver Spur Rd", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":"SBAIKHAMI", "ListOfficeCity":"Rolling Hills Estates", "ListOfficeCountry":"US", "ListOfficeEmail":"amir@westshorescorp.com", "ListOfficePostalCode":"90274", "ListOfficeStateOrProvince":"CA", "ListPriceCurrencyType":"USD", "ListingTitle":"Land/Lot - Wilmington, CA", "ListingURL":"https://www.realtor.com/realestateandhomes-detail/718-N-Avalon-Blvd_Wilmington_CA_90744_M99048-38900?f=listhub&s=MRMLSCA&m=SB24034728&c=rexren", "MLSModificationTimestamp":"2024-11-21T00:01:56Z", "Neighborhoods":[], "PostalCode":null, "RoomCount":null, "StateOrProvince":null, "Taxes":[], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 11/21/2024 3:14:56 PM GMT
Source Updated Date: 12/17/2024 6:42:50 AM GMT

Courtesy of: Amie Shepard, West Shores Realty, Inc., amie90250@gmail.com

Copyright © 2024 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.