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MULTIFAMILY / RESIDENTIAL DEVELOPMENT 1319 Wilmington Blvd blvd Lot | Terrain commercial | 0,07 ha | À vendre | 515 952 € | Wilmington, CA 90744
Certaines informations ont été traduites automatiquement.
INFORMATIONS PRINCIPALES SUR L'INVESTISSEMENT
- Strategic Location in Wilmington: Positioned near the Port of Los Angeles and major employment centers
- The site qualifies for substantial development incentives including density bonuses, parking reductions, and CEQA streamlining
- No Minimum Parking Requirement: Per AB 2097, developers are not required to provide automobile parking
- Flexible Zoning Uses: Permitted for multiple residential uses, including apartment houses, one-family and two-family dwellings, and home occupations
- Executive Directive 1 (ED1) Eligible: Fully eligible under Mayor Bass’s Executive Directive 1, allowing 100% affordable housing projects
- High-Demand Housing Market
RÉSUMÉ ANALYTIQUE
Matthew Luchs with Zacuto Group is pleased to present an outstanding ground-up development opportunity at 1319 N Wilmington Blvd in Wilmington, CA. This ±8,125 square foot site offers a rare combination of high-density development potential, favorable zoning, and deep regulatory incentives, positioning it as one of the most compelling infill opportunities in the Harbor region of Los Angeles.
Zoned C1.5, the property benefits from R4-equivalent residential density allowances (one unit per 400 square feet of land), making it ideal for multifamily or mixed-use development. The zoning supports a variety of residential uses by right, and developers may unlock significant additional capacity by leveraging the site’s TOC Tier 3 designation, AB 2334, CHIP-AHIP, or its eligibility under Executive Directive 1 (ED1) for 100 percent affordable housing.
1319 N Wilmington Blvd sits in a Transit Priority Area (TPA), qualifying projects for streamlined CEQA clearance by eliminating aesthetic and parking impacts from environmental review. The site also falls within an Enterprise Zone, offering parking reductions for commercial components and potential economic development incentives. Furthermore, the parcel is part of the City's 2021–2029 Housing Element Sites Inventory, triggering the “No Net Loss” policy and housing replacement requirements, reinforcing the City’s commitment to housing production.
Overlay constraints are manageable and development friendly. While the site lies within a Clean Up Green Up (CUGU) district and an Oil Drilling (O) District, residential use is permitted, and CEQA-exempt pathways like ED1 or TOC help minimize friction. With a clear regulatory path, significant density upside, and access to ministerial approvals under ED1 or TOC, this site is uniquely positioned to deliver a transformational mid-rise housing project in one of Los Angeles’ most underserved and high-demand submarkets.
Number of Units By Right: 5 Units
Number of Units using AB 2334: 63 Units
Number of Units using TOC: 11 Units
Number of Units using CHIP-AHIP: 70 Units
Number of ED1 Units: 93 Units
**Buyer to Verfiy
Zoned C1.5, the property benefits from R4-equivalent residential density allowances (one unit per 400 square feet of land), making it ideal for multifamily or mixed-use development. The zoning supports a variety of residential uses by right, and developers may unlock significant additional capacity by leveraging the site’s TOC Tier 3 designation, AB 2334, CHIP-AHIP, or its eligibility under Executive Directive 1 (ED1) for 100 percent affordable housing.
1319 N Wilmington Blvd sits in a Transit Priority Area (TPA), qualifying projects for streamlined CEQA clearance by eliminating aesthetic and parking impacts from environmental review. The site also falls within an Enterprise Zone, offering parking reductions for commercial components and potential economic development incentives. Furthermore, the parcel is part of the City's 2021–2029 Housing Element Sites Inventory, triggering the “No Net Loss” policy and housing replacement requirements, reinforcing the City’s commitment to housing production.
Overlay constraints are manageable and development friendly. While the site lies within a Clean Up Green Up (CUGU) district and an Oil Drilling (O) District, residential use is permitted, and CEQA-exempt pathways like ED1 or TOC help minimize friction. With a clear regulatory path, significant density upside, and access to ministerial approvals under ED1 or TOC, this site is uniquely positioned to deliver a transformational mid-rise housing project in one of Los Angeles’ most underserved and high-demand submarkets.
Number of Units By Right: 5 Units
Number of Units using AB 2334: 63 Units
Number of Units using TOC: 11 Units
Number of Units using CHIP-AHIP: 70 Units
Number of ED1 Units: 93 Units
**Buyer to Verfiy
INFORMATIONS SUR L’IMMEUBLE
| Prix | 515 952 € | Type de bien | Terrain |
| Type de vente | Investissement | Sous-type de bien | Terrain commercial |
| Nb de lots | 1 | Surface totale du lot | 0,07 ha |
| Prix | 515 952 € |
| Type de vente | Investissement |
| Nb de lots | 1 |
| Type de bien | Terrain |
| Sous-type de bien | Terrain commercial |
| Surface totale du lot | 0,07 ha |
1 LOT DISPONIBLE
Lot
| Prix | 515 952 € | Surface du lot | 0,07 ha |
| Prix par ha | 6 942 066,35 € |
| Prix | 515 952 € |
| Prix par ha | 6 942 066,35 € |
| Surface du lot | 0,07 ha |
1 1
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MULTIFAMILY / RESIDENTIAL DEVELOPMENT | 1319 Wilmington Blvd blvd
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