$1,300,000 Price Analysis   ♡   Wilmington, CA 90744 Unknown bed 0 bath unknown SqFt ($0/SqFt) 0.31 acre lot. Listed 2023-06-12, Taxes $799 | Ⓧ USDA Ineligible due to property near Los Angeles |
Previously vested with adjoining parcels for up to 208 units of affordable housing on nearly an acre of land!
Seller willing to financ e. Introducing an exceptional opportunity for developers and investors to capitalize on a prime vacant land lot located in the vibrant city of Wilmington. Fitting into the LA Harbor Community Plan, this section of Wilmington is set to undergo significant zoning guideline intended to change the look and feel of Wilmington from an industrial port town, to a vibrant and walkable residential neighborhood. This expansive property offers the ideal canvas for a mixed-use development, combining residential and commercial elements to create a dynamic and thriving community.
With the potential to accommodate approximately 80 units of affordable housing under ED1 alongside retail stores, this versatile lot is perfectly positioned to cater to the evolving demands of modern urban living. Prime Location: Situated in the heart of Wilmington, this property enjoys a strategic location near the new waterfront development and close to ILWU Union Halls. Strong Market Potential: With the ongoing growth and development in Wilmington, this property is strategically positined to capitalize on the demand for mixed-use spaces. Offering includes additional APNs. Buyer to verify all info.
Presented by Amie Shepard at
West Shores Realty.
Property MLS #SB23092534 from CRMLS
Additional Parcels: Yes
Lot Description: 0-1 Unit/Acre
Lot Size Acres: 0.3141
Lot Size Source: Public Records
Lot Size Square Feet: 13681
County: Los Angeles
Directions: Avalon & Anaheim
Source Property Type: Land
Area: 196 - East Wilmington
Source Neighborhood: 196 - East Wilmington
Parcel Number: 7423002016
Postal Code Plus 4: 5833
Zoning: LAC2
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $1,892 + $42,665 $44,557 | $799 |
| 2021 | $1,855 + $41,829 $43,684 | $789 |
| 2020 | $1,836 + $41,401 $43,237 | $792 |
| 2019 | $1,800 + $40,590 $42,390 | $771 |
| 2018 | $1,765 + $39,795 $41,560 | $677 |
| 2017 | $1,731 + $39,015 $40,746 | $584 |
| 2016 | $1,698 + $38,250 $39,948 | $565 |
| 2015 | $1,673 + $37,676 $39,349 | $557 |
| 2014 | $1,641 + $36,938 $38,579 | $565 |
| 2013 | $1,634 + $36,772 $38,406 | $565 |
| 2012 | $1,602 + $36,051 $37,653 | $572 |
| 2010 | $1,571 + $35,345 $36,916 | $564 |
| 2009 | $1,564 + $35,165 $36,729 | $545 |
| 2009 | $1,560 + $35,081 $36,641 | $545 |
| 2008 | $1,534 + $34,476 $36,010 | $525 |
| 2007 | $1,504 + $33,800 $35,304 | $506 |
$1,300,000
CRMLS
Sold 1984-10-23
$50,000
Public Record
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.