718 N Avalon,
Wilmington, CA 90744
在售房 $3,800,000 ($380万)
卧室: -- 浴室: -- / 土地
房屋信息

土地

43449 平方英尺
(4,037平方米)

2024年02月19日
已上市 221 天

地产编号: SB24034728
所处郡县: LA
面积单价:$87.46/sq.ft ($941 / 平方米)
房屋简介

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.

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