Wilmington CA Real Estate & Land for Sale

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.

CALLING ALL HISTORY BUFFS! Here is your once in a lifetime opportunity to own a piece of history from the Civil War....and the only one of its kind on the West Coast! Located in the heart of Wilmington, on a corner R2 lot....there are a few possibilities here for a potential developer/buyer. There are essentially 2 sections of the lot, one is contained by a chain link fence by the City to protect the historic monument, one is a large garden and flat lot managed by the City of Wilmington Beautification group. The garden area can be developed and a structure can be put on according to the City and historical society.The structure itself is a Civil War-era Powder Magazine, built in 1862, used to store gunpowder for the nearby Camp Drum. See link here:https://en.m.wikipedia.org/wiki/Powder_Magazine_(Camp_Drum). Current Sellers inherited the property that was purchased in the 1970's as a Duplex. When the Seller went to tear the duplex down to rebuild in the 80's I believe, the powder magazine was discovered and revealed. The City claimed it as a historic monument and the owner decided not to build. We do not have definitive answers on IF a structure could be built on the garden area, but imagine a bit more research would give us answers!According to my title rep, It was declared a Historical Monument in 1982, but they didnt record the Resolution until 1994. The document indicates it is Historic-Cultural Monument No. 249. The property is also being sold with Mineral Rights.Please feel free to do a field trip to drive by and check it out and do not hesitate to reach out to me with any questions, I'll do my best to answer them!

Introducing an exceptional opportunity for developers and investors to capitalize on a prime vacant land lot located in the vibrant city of Wilmington. This expansive property offers the ideal canvas for a mixed-use development, combining residential and commercial elements to create a dynamic and thriving community. With the potential to accommodate 12-15 apartments alongside retail stores, this versatile lot is perfectly positioned to cater to the evolving demands of modern urban living. Prime Location: Situated in the heart of Wilmington, this property enjoys a strategic location near the new waterfront development and close to ILWU Union Halls. Strong Market Potential: With the ongoing growth and development in Wilmington, this property is strategically positioned to capitalize on the demand for mixed-use spaces. Offering includes additional APNs. Buyer to verify all info.