$310,000
$625,000
50.4%For more information regarding the value of a property, please contact us for a free consultation.
0.33 Acres Lot
SOLD DATE : 03/18/2024
Key Details
Sold Price $310,000
Property Type Vacant Land
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SB23156107
Sold Date 03/18/24
HOA Y/N No
Lot Size 0.331 Acres
Property Description
Excellent development opportunity! Just blocks away from the 110 Freeway. Three vacant land parcels in Wilmington, with a favorable, developer-friendly LARD1.5 zoning. Two of the parcels are contiguous, with the third parcel separated by a small alley. Located in a dense residential corridor very close to the nearby Port of Los Angeles, which accounts for approximately 20% of all cargo coming into the United States. Substantial price reduction and great opportunity for a developer to purchase three parcels at an attractive price point. Seller has recently obtained a new Phase I and new Phase II. Phase II Conclusions suggest implementation of VIMS system and Soil Management Plan in the event of residential development. Contact agent for a copy of the recent environmental reports.
Location
State CA
County Los Angeles
Area 195 - West Wilmington
Zoning LARD1.5
Interior
Fireplace No
Exterior
Community Features Sidewalks, Urban
Utilities Available Sewer Available
View Y/N No
View None
Building
Lot Description 0-1 Unit/Acre, Street Level
Water Public
New Construction No
Others
Senior Community No
Tax ID 7416016033
Acceptable Financing Cash, Cash to New Loan, 1031 Exchange
Listing Terms Cash, Cash to New Loan, 1031 Exchange
Financing Cash
Special Listing Condition Standard
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Bought with Daniel Terrazas • VIP Real Estate Firm
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Broker Associate | Lic# 01905244