Wilmington CA Land for Sale
$2,650,000
718 Avalon Wilmington, CA 90744
- Type:
- Land
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.68 Acres
- Baths:
- MLS#:
- SB24034728
ADDITIONAL INFORMATION
An updated development opportunity is now available in the Wilmington neighborhood of Los Angeles, offering an attractive proposition for experienced builders and developers. The lot assemblage totals 29,766 square feet, with potential for 100% Affordable Housing under the current 2023 ED1 emergency declaration, which remains active despite the original vesting expiration. This ongoing declaration provides flexibility in pursuing new plans, with initial architectural designs projecting maximum building area in phased development. Early discussions with City Planners have indicated support for an updated development proposal. The pricing has been revised to reflect the reduced project scope and ownership is open to discussions on seller-financing for the land acquisition, with terms of up to two years. Environmental inspections have been completed, and the reports are available directly from the vendors for a nominal fee. A potential design option allows for phased development across multiple buildings, offering a methodical and strategic path for execution. Located within a designated Opportunity Zone, this site offers potential for considerable tax advantages and development design. For those seeking a well-positioned project in Los Angeles, this is an offering worth close consideration. Buyer to verify all aspects of project site and design.
- Type:
- Land
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.19 Acres
- Baths:
- MLS#:
- DW24211239
ADDITIONAL INFORMATION
Prime opportunity to build your dream home in a desirable residential neighborhood near the historic Banning Park. Conveniently located close to shopping, dining, and schools. Also, lot 1139 N Banning Blvd is available is next to subject.
- Type:
- Land
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.19 Acres
- Baths:
- MLS#:
- DW24211241
ADDITIONAL INFORMATION
Prime opportunity to build your dream home in a desirable residential neighborhood near the historic Banning Park. Conveniently located close to shopping, dining, and schools. Also 1143 N Banning Blvd is available., Is next to subject.
Wilmington Real Estate
The median home value in Wilmington, CA is $645,000. The national median home value is $338,100. The average price of homes sold in Wilmington, CA is $645,000. Wilmington real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Wilmington real estate agent to arrange a tour today!
Wilmington Weather