• Wilmington, CA 90744

  • Vacant Land / Owner Financing
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Property Details for null St, Wilmington, CA 90744

Features

Facts

Sale Type

This property is offered for sale with Owner Financing available. With Owner Financing, owners can offer flexible terms which allow buyers to purchase property without a traditional bank loan. This leaves more room for negotiation on loan terms and approvals.

Description

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.nThis 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.nEnvironmental 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.nProject consists of 3 separate buildings that can be built in phases. Assignee can build all 3 or sell individually in RTI status.

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Property Brokerage: West Shores Realty 449 Silver Spur Rd Rolling Hills Estates CA 90274
Copyright © 2024 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


All information provided is deemed reliable, but is not guaranteed and should be independently verified.

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