718 N Avalon
Wilmington,
CA
90744
Property Details
| List Price: |
$4,999,999 |
| Beds: |
-- |
| Baths: |
-- |
| Status: |
Active |
SqFt: |
-- |
| Agency: |
West Shores Realty |
Description/Comments
| Lot Size: |
43,449 sqft |
| Property Type: |
Lots And Land |
| Year Built: |
-- |
| Notes: |
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.<br />
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.<br />
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.<br />
Project consists of 3 separate buildings that can be built in phases. Assignee can build all 3 or sell individually in RTI status. |
| MlsNumber: |
SB24034728 |
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| Listing Provided By: |
West Shores Realty, original listing |
| Name: |
West Shores Realty |
| Phone: |
(310) 541-8000 |
| Office Name: |
West Shores Realty, Inc. |
| Office Phone: |
(310) 541-8000 |
| Agent Name: |
Amie Shepard |
| 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. |
