Commercial > Other
Active
02/19/2024
List Price
$3,950,000
718 Avalon Blvd
Wilmington, CA 90744
- -Bed
- -Bath
- 10,148ft²Living Area
- 1acLot Size
- -Pool
- 32Car
- -Year Built
- 107DOM
- 2Permits
718 Avalon Blvd, Wilmington, CA 90744 is a 10,148 ft² property on a 0.997 acre lot with 2 construction permits. This property is currently listed for $3,950,000, and it was last sold in 1996 for $289,002.
MLS Description
The listing agent's description. Original Listing
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.
Listing Agents
The listing agent for 718 Avalon Blvd is Amie Shepard.
AS
Amie Shepard
West Shores Realty, Inc.
License: 01882892
Phone: (310) 541-8000
Permits
718 Avalon Blvd has 2 permit records.
Permit History
2
Permits
January 1, 1900
Description: BUY BACK MOBILE RECYCLING CENTER IN (Q) C2 ZONE (see comments)Status: filedType: Nonbldg-NewSub Type: CommercialEffective Date: 1900-01-01Permit Number: 98020-10000-02642
January 1, 1900
Description: Use of Land: restripe parking (non-required)Status: triageType: Nonbldg-Alter/RepairSub Type: CommercialEffective Date: 1900-01-01Permit Number: 03026-70000-00015
Current Ownership
Information about the current owner(s).
Taxes Billed
Taxes billed in 2023$2,610.08From latest Total Assessed Value1.53%Total Assessed Value$170,605=Land+
Assessed Value$164,357Additions
Assessed Value$6,248
In 2023, taxes billed for 718 Avalon Blvd were $2,610.08, which is 1.53% from latest Total Assessed Value of $170,605.
Property History
718 Avalon Blvd has undefined property events records (listings, deeds, permits, tax, foreclosure, loan).
Property Events
Environment
Environmental factors around 718 Avalon Blvd
Hazard Risks
Earthquake474Carb Mono133Ozone109Lead107Air Pollution106Particulates102Nat'l Avg100Tornado61Weather28Hurricane6Hail0Wind0
10 hazards (Carbon Monoxide, Earthquake Risk, Tornado Index, Hurricane Index, Air Pollution Index, Ozone Index, Weather Risk, Lead Index, Particulate Matter, National Average) are above the national average around 718 Avalon Blvd.
Walkability Index
17 /20
Most Walkable
20-18
Very Walkable
17-15
Somewhat Walkable
14-10
Car Dependent
9-0
718 Avalon Blvd has a walkability score of 17 out of 20, which means that it is in a very walkable area.
Temperature
Seasonal temperature sampled over multiple years
Winter
Average
Low
47°F
High
66°F
Summer
Average
Low
61°F
High
77°F
In the winter at 718 Avalon Blvd, temperatures range from 46.68°F to 65.92°F with an average of 56.3°F. In the summer, the temperature ranges from 61.19°F to 77.25°F with and average of 69.22°F.
School Information
Public/private schools serving 718 Avalon Blvd
Public Schools
Phineas Banning High School
Grades: 9-12
1.06 mi
D
Wilmington STEAM Magnet
Grades: 6-8
1.46 mi
C+
George De La Torre Jr. Elementary School
Grades: PK-5
0.29 mi
D+
* The school rating is based entirely on the test score performance of each school. It is based on a scale of A-F, A being best.
Nearby public schools serving 718 Avalon Blvd have ratings undefined, undefined, and undefined.
Neighborhood
This property is located in Wilmington, Wilmington, CA 90744.
Seasonal Housing units 90744
17%of housing is for seasonal rent.
Daytime Population for 90744
-14%of people during work hours.
Boundary map of Wilmington.
Crime Index for 90744
91
91
The crime index in 90744 is 91, which is 0.9 times lower than national average.
Market Trends
Historical market data near 718 Avalon Blvd over selected time period.
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