729 Broad Avenue Ave - Residential LAND FOR SALE


Wilmington, CA 90744 13,678 SF
$1,350,000 USD
424-405-3829
729 Broad Avenue Ave, Wilmington, CA for Sale
$1,350,000 USD
Residential LAND - FOR SALE
1/10
13,678 SF

729 Broad Avenue Ave
Wilmington, CA 90744


HIGHLIGHTS

  • Affordable Housing Development Site – 13,679 SF of Land
  • Unlimited Density
  • No Parking Requirement
  • One Block from Major Transit Stop
  • Qualified Opportunity Zone (QOZ)
  • Financing Options Available

OVERVIEW

This sale offers the opportunity to purchase an affordable housing development site in the Wilmington area of the City of Los Angeles. The site qualifies for no parking requirement and unlimited density and is in a qualified opportunity zone (QOZ). The subject property, located at 725 North Broad Avenue, consists of three parcels for a total of 13,679 square feet of land. Located one block from a major transit stop (AB 2097) and in an area of low vehicle travel (AB 2334) the site qualifies for no parking requirement and unlimited density for 100% affordable projects. Additionally, the site is situated in a qualified opportunity zone (QOZ) offering significant tax incentives. Situated on Broad Avenue, south of Anaheim Street, the subject property is located in a desirable location for an affordable development in the Wilmington area, which is a part of the City of Los Angeles. The site is flat, rectangular and has dimensions of 75’ wide by 182’ deep. The property is one block from a major transit stop and is 1 mile from a freeway access point (Anaheim St and the 110 freeway). 725 North Broad Avenue offers the opportunity to purchase a high-density 100% affordable development site in the Wilmington area. Financing options, including seller financing, are available to qualified buyers.

FOR SALE DETAILS

PRICE

$1,350,000 USD

PRICE/ACRE

$4,298,998/AC

PRICE/SF

$99 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

Affordable Housing Development Site

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Residential

LAND PROPOSED USE

Retail, Apartment Units

LAND ACRES

0.31 AC

LAND SF

13,679 SF

OFFSITE IMPROVEMENTS

-

ZONING

LAC2

APN/PARCEL ID

7423-002-014,7423-002-015,7423-002-016

ASK ABOUT THIS PROPERTY

Derek L. CaldwellMarcus & Millichap - Caldwell Industrial TeamMore Info
424-405-3829

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Derek L. CaldwellMarcus & Millichap - Caldwell Industrial TeamMore Info
424-405-3829

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.