1114 E Anaheim St - 1114 East Anaheim Street - M2 Zoning
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1114 E Anaheim St - 1114 East Anaheim Street - M2 Zoning
0.11 Acres of Commercial Land Offered at $650,000 in Wilmington, CA 90744
Investment Highlights
- M2 Industrial Zoning
- Quick Access to 110 Freeway
- Close Proximity to World Ports of Long Beach and Los Angeles
- Zoned Legal for Cannabis (BUYER to VERIFY)
Executive Summary
Sale includes plans for 2,850 sf warehouse with permit ready-to-issue (RTI). This is for a masonry building with 14' clear height. Tenant is month-to-month.
Financial Summary (Actual - 2022) |
Annual | Annual Per AC |
|---|---|---|
| Gross Rental Income |
$30,000
|
$272,727.27
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$30,000
|
$272,727.27
|
| Taxes |
$1,800
|
$16,363.64
|
| Operating Expenses |
$1,200
|
$10,909.09
|
| Total Expenses |
$3,000
|
$27,272.73
|
| Net Operating Income |
$27,000
|
$245,454.55
|
Financial Summary (Actual - 2022)
| Gross Rental Income | |
|---|---|
| Annual | $30,000 |
| Annual Per AC | $272,727.27 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Effective Gross Income | |
|---|---|
| Annual | $30,000 |
| Annual Per AC | $272,727.27 |
| Taxes | |
|---|---|
| Annual | $1,800 |
| Annual Per AC | $16,363.64 |
| Operating Expenses | |
|---|---|
| Annual | $1,200 |
| Annual Per AC | $10,909.09 |
| Total Expenses | |
|---|---|
| Annual | $3,000 |
| Annual Per AC | $27,272.73 |
| Net Operating Income | |
|---|---|
| Annual | $27,000 |
| Annual Per AC | $245,454.55 |
Property Facts
| Price | $650,000 | Property Subtype | Commercial |
| Sale Type | Investment or Owner User | Proposed Use | Warehouse |
| No. Lots | 1 | Total Lot Size | 0.11 AC |
| Property Type | Land | Opportunity Zone |
Yes
|
| Price | $650,000 |
| Sale Type | Investment or Owner User |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Warehouse |
| Total Lot Size | 0.11 AC |
| Opportunity Zone |
Yes |
1 Lot Available
Lot
| Price | $650,000 | Lot Size | 0.11 AC |
| Price Per AC | $5,909,091 |
| Price | $650,000 |
| Price Per AC | $5,909,091 |
| Lot Size | 0.11 AC |
Un-improved vacant lot. Great frontage. Bordered to the east and south by public alleys for great access. Lot is in the Wilmington neighborhood in the City of Los Angeles and is zoned legal for commercial cannabis businesses. BUYER TO VERIFY.
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PROPERTY TAXES
| Parcel Number | 7424-022-003 | Total Assessment | $303,430 (2024) |
| Land Assessment | $300,215 (2024) | Annual Taxes | $1,800 |
| Improvements Assessment | $3,215 (2024) | Tax Year | 2022 |
PROPERTY TAXES
Parcel Number
7424-022-003
Land Assessment
$300,215 (2024)
Improvements Assessment
$3,215 (2024)
Total Assessment
$303,430 (2024)
Annual Taxes
$1,800
Tax Year
2022
zoning
| Zoning Code | LAM2 (Zoned for Cannabis (BUYER TO VERIFY)) |
| LAM2 (Zoned for Cannabis (BUYER TO VERIFY)) |
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1114 E Anaheim St - 1114 East Anaheim Street - M2 Zoning
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