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1503 Figueroa st 1.19 Acres of Commercial Land Offered at $2,950,000 in Wilmington, CA 90744
Investment Highlights
- Direct exposure along I-110 Harbor Freeway with traffic counts near 200,000 vehicles daily.
- Minutes from the Ports of Los Angeles and Long Beach, major industrial hubs, and dense residential neighborhoods.
- AB 2097 eligible property providing potential parking requirement benefits.
- Recently upzoned from R1 to LB4 and included in Neighborhood Center general plan designation (New zoning under Council Review).
- Excellent regional connectivity with fast access to multiple freeways and key Southern California trade routes.
Executive Summary
Property Facts
| Price | $2,950,000 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | Commercial |
| No. Lots | 1 | Total Lot Size | 1.19 AC |
| Property Type | Land | ||
| Zoning | LAR1 - New zoning is under Council Review. The 15th Council District has approved and suggested an upzone to LB4 (Neighborhood Center). | ||
| Price | $2,950,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Commercial |
| Total Lot Size | 1.19 AC |
| Zoning | LAR1 - New zoning is under Council Review. The 15th Council District has approved and suggested an upzone to LB4 (Neighborhood Center). |
1 Lot Available
Lot
| Price | $2,950,000 | Lot Size | 1.19 AC |
| Price Per AC | $2,487,505.55 |
| Price | $2,950,000 |
| Price Per AC | $2,487,505.55 |
| Lot Size | 1.19 AC |
Highly visible 51,660 SF parcel with direct exposure to I-110 Harbor Freeway in Wilmington. Minutes from Ports of LA and Long Beach with strong traffic counts and connectivity. Upzoned for Neighborhood Center. Offered at $2,950,000.
Description
The property consists of approximately 51,660 square feet of land located along the I-110 Harbor Freeway in Wilmington, Los Angeles. It has been upzoned from R1 to LB4 and lies within the Neighborhood Center general plan area (New zoning under Council Review). AB 2097 eligibility applies. Surrounding land uses include industrial facilities, residential neighborhoods, and proximity to the Ports of Los Angeles and Long Beach.
Property Taxes
| Parcel Number | 7414-001-012 | Improvements Assessment | $0 |
| Land Assessment | $204,693 | Total Assessment | $204,693 |
Property Taxes
Presented by
1503 Figueroa st
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