718 N Avalon
Wilmington, CA 90744
- – beds
- – baths
- – sqft
- ~3/4 acre lot
- – on site
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.
Last checked:
As a licensed real estate brokerage, Estately has access to the same database professional Realtors use: the Multiple Listing Service (or MLS). That means we can display all the properties listed by other member brokerages of the local Association of Realtors—unless the seller has requested that the listing not be published or marketed online.
The MLS is widely considered to be the most authoritative, up-to-date, accurate, and complete source of real estate for-sale in the USA.
Estately updates this data as quickly as possible and shares as much information with our users as allowed by local rules. Estately can also email you updates when new homes come on the market that match your search, change price, or go under contract.
Checking…
•
Last updated Nov 21, 2024
•
MLS# SB24034728 —
This property is listed in more than one place. See it here.
The Building
-
New Construction:No
Location
-
Directions:South of Anaheim on Broad or Avalon
-
Latitude:33.77897200
-
Longitude:-118.26201200
The Property
-
Property Type:Land
-
Zoning:LAC2
-
Lot Features:0-1 Unit/Acre
-
Lot Size Area:29766.0000
-
Lot Size Acres:0.6833
-
Lot Size SqFt:29766.00
-
Lot Size Source:Assessor
-
View:None
-
Additional Parcels:Yes
-
Additional Parcels Description:7423-002-037, 7423-002-019, 7423-002-018, 7423-002-017,
-
Land Lease:No
Listing Agent
- Contact info:
- No listing contact info available
Taxes
-
Tax Census Tract:2947.01
-
Tax Lot:9
The Listing
-
Special Listing Conditions:Standard
-
Parcel Number:7423002039
Utilities
-
Water Source:See Remarks
The Community
-
Senior Community:No
-
Features:Suburban
-
Association:No
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Max Internet Speed
Provided by BroadbandNow®
This is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
10/1/24
Oct 1, 2024
|
Price Changed | CRMLS_CA | $2,650,000 | -30.3% |
|
8/1/24
Aug 1, 2024
|
Price Changed | CRMLS_CA | $3,800,000 | -3.8% |
|
4/26/24
Apr 26, 2024
|
Price Changed | CRMLS_CA | $3,950,000 | -21.0% |
