810 Avalon BlvdWilmington, CA 90744
- Mixed-use properties
- 7,500 SF
Property Details for 810 Avalon Blvd
- Year built
- 1927
- Construction
- TILT-UP CONCRETE
- Lot size
- 0.17 AC
- Property size (Sq ft)
- 7,500 SF
- Zone code
- LAC2
- Property type
- Mixed-use properties
- Property subtype
- Other investment properties
- APN
- 7423-003-020
- APU
- 7423003020
Description
This exceptional 7,500 square foot retail property, located at 810 Avalon Boulevard in Wilmington, CA, presents a unique investment opportunity. Built in 1927, this charming building boasts two inviting street-level storefronts ideal for retail businesses, complemented by six spacious private office spaces on the upper level. The building's original hardwood floors and high ceilings contribute to its inherent character and charm, while abundant natural light creates a welcoming atmosphere. Situated on a 0.17-acre lot in the heart of downtown Wilmington, the property benefits from high foot traffic and a strong sense of community. Its strategic location offers easy access to Wilmington's Waterfront Park and the Port of Los Angeles, providing both recreational and industrial advantages. The flexible zoning allows for a variety of uses, maximizing the property's potential. The current rental income presents a solid foundation for investors, while the potential for rent increases offers significant upside. This property is perfectly suited for both owner-occupiers seeking a unique business location and investors looking for a strong return on investment in a vibrant, growing area. The combination of historical charm, prime location, and versatile zoning makes this a truly exceptional opportunity.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $2,301,350
- 6.5%
- $2,124,323
- 7%
- $1,972,586
-
Comparable approach
- Method
- Valuation
- Relative Method
- $3,708,142
- Geo Method
- $3,708,142
-
Alternative Use
- Use
- Valuation
- Residential
- $2,124,323
- Hospitality
- $1,945,869
- Educational
- $1,618,940
- Medical
- $1,674,618
- Retail
- $2,518,351
Location Insight
- City
- Wilmington
- County
- Los Angeles
- State
- California
- Latitude
- 33.7804
- Longitude
- -118.262
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker?
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].