718 North Avalon Boulevard
718 North Avalon Boulevard
$3,950,000
43,449 / 1.00
Description
Rare opportunity to acquire Opportunity Zoned lot assemblage totaling 43,449 square feet. These parcels were previously vested as a 208-Unit apartment building, offering 100% Affordable Housing. This unique opportunity to develop is located in the Wilmington neighborhood of Los Angeles. Architectural design submitted could afford 100,196 sf of building space. This project was vested under the 2023 ED1, which is set to undergo imminent revisions. Scheduled to be trimmed back and codified within the...Rare opportunity to acquire Opportunity Zoned lot assemblage totaling 43,449 square feet. These parcels were previously vested as a 208-Unit apartment building, offering 100% Affordable Housing. This unique opportunity to develop is located in the Wilmington neighborhood of Los Angeles. Architectural design submitted could afford 100,196 sf of building space. This project was vested under the 2023 ED1, which is set to undergo imminent revisions. Scheduled to be trimmed back and codified within the next couple of weeks, the current zoning for 208 units will be drastically reduced. This renders the current phase a rare and time-sensitive opportunity, as it may no longer be viable once the codification process is complete. Environmental inspections have been completed and reports are available for a separate fee. The project can include seller-financing for the land acquisition for up to 2 years. . Project previously vested consists of 3 separate buildings that can be built in phases.
- Listed by Amie Shepard • DRE #01882892 • Brokerage DRE #01948605 • West Shores Realty, Inc. • 310-686-4544
Property Details for 718 North Avalon Boulevard
View
None
Lot Size SourceAssessor
Assessor Parcel Number7423-002-039
New ConstructionNo
PoolNo
ViewNo
AssociationNo
Association Fee$.00
Location
LISTING UPDATED: 04/26/2024 01:44 PM
Property Details for 718 North Avalon Boulevard
Status | Active |
---|---|
MLS # | SB24034728 |
Days on Market | 102 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Land |
MLS Type | Lot/Land |
Year Built | - |
Lot Size | 1.00 AC |
County | Los Angeles County |
Location
Building Information for 718 North Avalon Boulevard
Lot Size1.00 AC
Payment Calculator
$21,775 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 718 North Avalon Boulevard
Property History for 718 North Avalon Boulevard
Date | Event & Source | Price | Appreciation |
---|
Date | Event & Source | Price |
---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 718 North Avalon Boulevard
Taxable ValueLand$164,357Additions$6,248Total$170,605
Tax Record2023$2,610 ($218 / month)
Home Facts
Total Finished SqFt10,148 SqFtAbove Grade Finished SqFt10,148 SqFtLot Size10,164 SqFtStyleParking LotZoningLAC2CountyLOS ANGELESAPN7423-002-039
Schools near 718 North Avalon Boulevard
This home is within Los Angeles Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 7 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
George De La Torre Jr. Elementary School PublicK to 7 | ||
Phineas Banning Senior High School Public9 to 12 | ||
Avalon High School Public9 to 12 | ||
Harbor Teacher Preparation Academy Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
Similar Homes
Sorry, we can't find any similar homes at this time. Please check back later.
Similar Sold Homes
Sorry, we can't find any similar sold homes at this time. Please check back later.