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    1241 Avalon Blvd Los Angeles, CA 90744

    Sponsored
    For Sale
    $925,000

    Prime Location, 2,100 SF, Vacant

    Property size:
    2,100 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This vacant 2,100 square foot shopping center in Wilmington, CA, presents a compelling investment opportunity. Located on a 5,798 square foot lot, the property offers significant potential for owner-users or investors seeking a redevelopment project. Built in 1946, the property is zoned LAC2 and boasts a 5.29% cap rate at an asking price of $925,000 ($440.48/sq ft). Its strategic location near three major airports – Long Beach-Daugherty Field (15-minute drive), Los Angeles International Airport (25-minute drive), and John Wayne Airport (38-minute drive) – provides exceptional access to a large customer base. The property's size and location within a thriving local economy make it ideal for a variety of retail uses. The existing building offers a second-generation kitchen, suitable for a restaurant or food-related business. This presents a unique chance to capitalize on the high demand for commercial space in Wilmington, which includes opportunities in industrial, residential, and commercial sectors. The vacant status allows for complete customization to suit a specific business plan. This property is an excellent choice for those seeking a strong return on investment in a dynamic and accessible location.

    Property Features for 1241 Avalon Blvd

    General Information

    Property type
    Lifestyle centers
    Square Feet
    2,100 SF

    Building Details

    Year Built
    1946

    HighLights

    • 2,100 SF building.
    • 5,798 SF lot.
    • Existing commercial kitchen.
    • Close proximity to three major airports (LAX, John Wayne, Long Beach).
    • High demand for logistics businesses.
    • Strong Wilmington market with diverse commercial opportunities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lifestyle centers

    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
    -118.2634317
    Latitude
    33.7879808

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    FAQs

    What type of property is this?
    Lifestyle center - Prime Location, 2,100 SF, Vacant
    Where is this lifestyle center located?
    The property is located at 1241 Avalon Blvd Los Angeles, CA.
    What is the asking price?
    The asking price for this property is $925,000.
    What are key features of this property?
    This property features: 2,100 SF building.; 5,798 SF lot.; Existing commercial kitchen.
    Request Owner's contact information
    1241 Avalon Blvd Los Angeles, 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
    1241 Avalon Blvd Los Angeles, CA 90744
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