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    122 E St Wilmington, CA 90744

    For Sale
    $650,000

    Prime vacant lot, ideal for multi-family development. Opportunity Zone & enterprise zone.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    309
    This exceptional 0.17-acre commercial property, located at 122 East Street in Wilmington, California, presents a compelling investment opportunity. Comprising two parcels, this prime, fenced vacant lot is situated in both an Opportunity Zone and the Harbor Gateway State enterprise zone, offering significant tax advantages and potential for development incentives. Its strategic location provides easy access to the Port of Los Angeles, a major economic driver, and is in close proximity to Vanco Distribution, offering convenient access to railroad freight forwarding services. The property is specifically well-suited for a low-income multi-family development project, catering to a growing need in the area. Detailed information is available in the Offering Memorandum. Potential buyers are responsible for verifying all aspects of the property and its suitability for their intended use. The asking price for this exceptional opportunity is $650,000. Don't miss this chance to acquire a highly desirable commercial lot in a thriving location.

    Property Features for 122 E St

    General Information

    Property type
    Other commercial real estate
    Lot Size
    7,405 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Wilmington
    County
    Los Angeles
    State
    California
    Longitude
    -118.2613
    Latitude
    33.77538

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    FAQs

    What type of property is this?
    Commercial real estate - Prime vacant lot, ideal for multi-family development. Opportunity Zone & enterprise zone.
    Where is this commercial real estate located?
    The property is located at 122 E St Wilmington, CA.
    What is the asking price?
    The asking price for this property is $650,000.
    (310) 966-4352
    Request Owner's contact information
    122 E St Wilmington, CA 90744
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    122 E St Wilmington, CA 90744
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