$3950000 Price Analysis   ♡   Wilmington, CA 90744 Unknown bed 0 bath unknown SqFt ($0/SqFt) 1.0 acre lot. Listed 2024-02-19 | Ⓧ USDA Ineligible due to property near Los Angeles |
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 weks, 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.
Presented by Amie Shepard at
West Shores Realty.
Property MLS #SB24034728 from CRMLS
Additional Parcels: Yes
Lot Description: 0-1 Unit/Acre
Lot Size Acres: 0.9975
Lot Size Source: Assessor
Lot Size Square Feet: 43449
County: Los Angeles
Directions: South of Anaheim on Broad or Avalon
Source Property Type: Land
Area: 196 - East Wilmington
Source Neighborhood: 196 - East Wilmington
Parcel Number: 7423002039
Zoning: LAC2
Source System Name: C2C
$3950000
CRMLS
Listed 2024-02-19
$4999999
CRMLS
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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.