718 North Avalon Boulevard
$2,650,000
29,766 / 0.68
Description
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...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.
- 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 SourceAssessor
Assessor Parcel Number7423-002-039
New ConstructionNo
PoolNo
ViewNo
AssociationNo
Association Fee$.00
LISTING UPDATED: 11/20/2024 09:20 PM
Property Details for 718 North Avalon Boulevard
Status | Active |
---|---|
MLS # | SB24034728 |
Days on Market | 275 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Land |
MLS Type | Lot/Land |
Year Built | - |
Lot Size | 0.68 AC |
County | Los Angeles County |
Building Information for 718 North Avalon Boulevard
Lot Size0.68 AC
Property Information for 718 North Avalon Boulevard
Property History for 718 North Avalon Boulevard
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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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$167,644Additions$6,372Total$174,016
Tax Record2024$2,652 ($221 / 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 8 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
George De La Torre Jr. Elementary School PublicK to 8 | ||
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.
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