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    11908 Wilmington Ave Los Angeles, CA 90059

    For Sale
    $500,000

    6,500 SF Commercial Lot, $500K

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 6,500-square-foot commercial land parcel presents a unique investment opportunity in Los Angeles, CA. Located at 11980 Wilmington Avenue, this vacant, unimproved lot boasts convenient access to the I-105 Freeway, providing easy connections to the I-110, I-710, and I-605 freeways. The property's strategic location places it within driving distance of both Los Angeles International and Long Beach Airports, enhancing its appeal. Wilmington Avenue sees an average daily traffic volume of approximately 11,000 vehicles. The site benefits from its proximity to key amenities, including the Martin Luther King, Jr. Medical Campus, Kenneth Hahn Plaza (with retail and dining options), Charles Drew University of Medicine, and various educational institutions. Additionally, the Willowbrook/Rosa Parks Station, Cal State Dominguez Hills, and Compton Community College are nearby. The property is zoned Specific Plan, Willowbrook TOD Specific Plan, and MU-1. Potential development plans should be verified with the Los Angeles County Planning Department. Note that developments with ten or more housing units may be subject to a restrictive covenant requiring at least 15% of units to be designated as affordable housing. The parcel's APN is 6150-007-924. All information should be independently verified.

    Property Features for 11908 Wilmington Ave

    General Information

    Property type
    Land

    HighLights

    • Excellent freeway access via I‑105, connecting to I‑110, I‑710, and I‑605.
    • Close proximity to LAX and Long Beach Airports.
    • High traffic counts: ±11,000 AADT on Wilmington Avenue.
    • Adjacent to Martin Luther King, Jr. Medical Campus, Kenneth Hahn Plaza (retail & restaurants), Charles Drew University, and local schools.
    • Business‑friendly Los Angeles County government.
    • Near Willowbrook/Rosa Parks Station, CSU Dominguez Hills, Compton Community College, and multiple parks including the Earvin Magic Johnson Recreation Area.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.23907504
    Latitude
    33.92435656

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    FAQs

    What type of property is this?
    Land - 6,500 SF Commercial Lot, $500K
    Where is this land located?
    The property is located at 11908 Wilmington Ave Los Angeles, CA.
    What is the asking price?
    The asking price for this property is $500,000.
    What are key features of this property?
    This property features: Excellent freeway access via I-105, connecting to I-110, I-710, and I-605.; Close proximity to LAX and Long Beach Airports.; High traffic counts: ±11,000 AADT on Wilmington Avenue.
    (424) 297-1076
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    11908 Wilmington Ave Los Angeles, CA 90059
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    Los Angeles, CA 90059
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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
    11908 Wilmington Ave Los Angeles, CA 90059
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