718 North Avalon Boulevard

Wilmington, CA 90744

$3,950,000
Price
43,449 / 1.00
Lot Size / Acres

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.
  1. 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 Source
Assessor
Assessor Parcel Number
7423-002-039
New Construction
No
Pool
No
View
No
Association
No
Association Fee
$.00

Location

Listing Courtesy of West Shores Realty, Inc., Amie Shepard, DRE #01882892
Add your commute
LISTING UPDATED: 04/26/2024 01:44 PM

Property Details for 718 North Avalon Boulevard

StatusActive
MLS #SB24034728
Days on Market73
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeLand
MLS TypeLot/Land
Year Built-
Lot Size1.00 AC
CountyLos Angeles County

Location

Listing Courtesy of West Shores Realty, Inc., Amie Shepard, DRE #01882892
Add your commute

Building Information for 718 North Avalon Boulevard

Lot Size1.00 AC

Payment Calculator

$21,775 per month

30 year fixed, 7.25% Interest

Principal and Interest

$21,557

Property Taxes

$218

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 718 North Avalon Boulevard

Income / Expense / Tax Details
Tax / Assessment Info
  • Tax Census Tract: 2947.01
  • CFD/Mello-Roos Fee: $564
  • Tax Lot: 9
Community / Development
Community / Development
  • Community Features: Suburban
Property / Structure Info
Exterior Features
  • View Description: None
Distance To
  • Distance To Water: 0
Land/Lot Info
  • Sign on Property: No
  • Additional Parcels Description: 7423-002-037, 7423-002-019, 7423-002-018, 7423-002-017,
  • Lot Features: 0-1 Unit/Acre
  • Land Lease: No
  • Land Lease Type: Fee
  • Water: See Remarks
  • Water Source: See Remarks
Parking Info
  • Carport Spaces: 0

Property History for 718 North Avalon Boulevard

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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.

718 North Avalon Boulevard is a 1.00 ac of land for sale in Wilmington, CA 90744. This property was listed for sale on February 19, 2024 by West Shores Realty, Inc., it's currently listed at $3,950,000. This listing's school district is Los Angeles Unified School District. Nearby schools include George De La Torre Jr. Elementary School, Phineas Banning Senior High School and Avalon High School. 718 North Avalon Boulevard is a 0-bed, 0-bath, 1.00 ac of land on a 43,449 sq. ft. / 1.00 acres lot.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of West Shores Realty, Inc., Amie Shepard, DRE #01882892

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.