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718 N Avalon, Wilmington, CA 90744

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For Sale

$2,650,000

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Other Residential
    Property type

Explore this Property

Rare opportunity to acquire Opportunity Zoned lot assemblage totaling 43,449 square feet via Assignment. These parcels have been 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 vested will afford 100,196 sf of building space. This project is currently 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 viewing. Full assignment of the project can include seller-financing for the land acquisition for up to 2 years. Project consists of 3 separate buildings that can be built in phases. Assignee can build all 3 or sell individually in RTI status.
MLS# SB24034728

Courtesy Of West Shores Realty

(310) 541-8000

Property Features

  • Amenities
    Dock
  • Architecture Style
    Other

Map and Directions

Directions to 718 N Avalon, Wilmington, CA 90744

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† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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