543 Avalon BlvdWilmington, CA 90744

Property Details for 543 Avalon Blvd

Year built

1946

Construction

WOOD

Lot size

0.09 AC

Property size (Sq ft)

1,057 SF

Zone code

LAC2

Property type

Retail properties

Property subtype

Turn key restaurants

APN

7418-005-005

APU

7418005005

Description

This exceptional 1,057-square-foot retail property, situated at 543 Avalon Boulevard in Wilmington, California, presents a compelling investment opportunity. Built in 1946, the building sits on a 0.09-acre lot (3,828 square feet) and offers significant potential for a variety of commercial uses. Its LAC2 zoning allows for diverse business applications, encouraging creative redevelopment and adaptation to modern needs. The property's location on Avalon Boulevard ensures high visibility and strong traffic flow, benefiting from its proximity to the 110 freeway, providing easy access for customers. This prime location is also within walking distance of the Wilmington Waterfront Promenade, a key element in the ongoing revitalization of the area. The building's historic charm provides a unique character, while the ample interior space allows for customization to suit a wide range of businesses. This property is ideal for investors seeking to expand their portfolio or entrepreneurs looking to establish a new venture in a thriving, up-and-coming neighborhood. The combination of location, zoning, and size makes this a truly remarkable opportunity. The property is priced at $399,000.

• CAP approach

  CAP return

  Valuation

  6%

  $384,496

  6.5%

  $354,920

  7%

  $329,568

• Comparable approach

  Method

  Valuation

  Relative Method

  $849,648

  Geo Method

  $849,648

• Alternative Use

  Use

  Valuation

  Residential

  $299,388

  Hospitality

  $274,238

  Educational

  $228,163

  Medical

  $236,009

  Retail

  $354,920

Location Insight

City

Wilmington

County

Los Angeles

State

California

Latitude

33.7767

Longitude

-118.263

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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