Wilmington, CA 90744,561 E Opp ST
Wilmington, CA 90744,561 E Opp ST
Wilmington, CA 90744,561 E Opp ST
Wilmington, CA 90744,561 E Opp ST
Wilmington, CA 90744,561 E Opp ST
Wilmington, CA 90744,561 E Opp ST
See all 8 photos

$250,000

Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

Est. payment /mo

400 SqFt


SOLD DATE : 09/04/2024

Key Details

Sold Price $250,000

Property Type Multi-Family

Sub Type Duplex

Listing Status Sold

Purchase Type For Sale

Square Footage 400 sqft

Price per Sqft $625

MLS Listing ID SB23198550

Sold Date 09/04/24

HOA Y/N No

Year Built 1871

Lot Size 5,924 Sqft

Property Description

Located in the heart of Wilmington, on a corner R2 lot....there are a few possibilities here for a potential developer/buyer. There are essentially 2 sections of the lot, one is contained by a chain link fence by the City to protect the historic monument, one is a large grassy and flat lot which appears to be about 4,000 sq ft (buyer to verify) of area to develop.
The structure itself is a Civil War-era Powder Magazine, built in 1862, used to store gunpowder for the nearby Camp Drum. See link here:
https://en.m.wikipedia.org/wiki/Powder_Magazine_(Camp_Drum).
Current Sellers inherited the property that was purchased in the 1970's as a Duplex. When the Seller went to tear the duplex down to rebuild in the 80's I believe, the powder magazine was discovered and revealed. The City claimed it as a historic monument and the owner decided not to build.
According to my title rep, It was declared a Historical Monument in 1982, but they didn’t record the Resolution until 1994. The document indicates it is Historic-Cultural Monument No. 249. The property is also being sold with Mineral Rights.
Please feel free to do a field trip to drive by and check it out and do not hesitate to reach out to me with any questions, I'll do my best to answer them!

Location

State CA

County Los Angeles

Area 196 - East Wilmington

Zoning LAR2

Interior

Interior Features All Bedrooms Down

Cooling None

Fireplaces Type None

Fireplace No

Laundry None

Exterior

Pool None

Community Features Curbs, Urban

View Y/N No

View None

Private Pool No

Building

Lot Description Corner Lot

Story 1

Entry Level One

Sewer Public Sewer

Water Public

Level or Stories One

New Construction No

Schools

School District Los Angeles Unified

Others

Senior Community No

Tax ID 7423025029

Acceptable Financing Cash, 1031 Exchange, Submit

Listing Terms Cash, 1031 Exchange, Submit

Financing Cash

Special Listing Condition Standard

Read Less Info

Want to know what your home might be worth? Contact us for a FREE valuation!

Submit

Our team is ready to help you sell your home for the highest possible price ASAP


California Regional MLS (CRMLS)
Listed by Heidi Ludwig • Redfin Corporation • 310-920-2129
Bought with NONE NONE • None MRML
agent-avatar

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(818) 294-0414

randy@randyplaice.com

25101 The Old Road Suite 240, Ranch, Ca, 91381, United States

GET MORE INFORMATION

Name
Phone*
Message

By registering you agree to our Terms of Service & Privacy Policy. Consent is not a condition of buying a property, goods, or services.