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561 E Opp Street, Wilmington, CA 90744
$289,000
561 E Opp Street, Wilmington, CA 90744View this property at 561 E Opp Street, Wilmington, CA 90744
561 E Opp StreetWilmingtonCA90744
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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!
Full Property Details
Full Property Details for 561 E Opp St
General
- Price: $289,000
- Status: Active
- Type: Lots/Land
- MLS ID: SB23178856
- Updated: 5/14/2024
- Days on Market: 243 days
- Added to Site: 243 day(s) ago
Location
- Area: 196 - East Wilmington
- County: Los Angeles
- Development Name: 196 - East Wilmington
- Driving Directions: On the corner of Opp St and Eubank Ave
- Dist. to Beach: 1 (Miles)
Utilities
- Water: None
- Dist. to Water: 1
Lot Features
- Property View: None
- Lot Size (Acres): 0.136
- Lot Size (Sq. Ft.): 5,926
- Lot Size Source: Assessor
- Zoning: LAR2
- Lot Description: Curbs, Urban
Financial Considerations
- Price Per Sq. Ft.: $48.77
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2%
Listed by Redfin Corporation, Heidi Ludwig
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Schools
Schools serving 561 E Opp St
School District:Los Angeles Unified School District
Rating | Name | Grades | Distance |
---|---|---|---|
1235 Broad Ave, Wilmington, CA 90744 | K-8 | 0.5 mi | |
1527 Lakme Ave, Wilmington, CA 90744 | 9-12 | 0.8 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 561 E Opp St
Date
Details
Price
Change
Source
5/14/2024
Price Reduced
$289,000
-3.34%
MLS
12/28/2023
Price Reduced
$299,000
-9.12%
MLS
11/13/2023
Price Reduced
$329,000
-6%
MLS
9/28/2023
Listed
$350,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 561 E Opp St
Year
Property Taxes
Change
Tax Assessment
Change
2023
$490
4%
$22,061
2%
2022
$473
1%
$21,629
2%
2021
$470
—
$21,206
1%
2020
$471
2%
$20,990
2%
2019
$461
-6%
$20,579
2%
2018
$491
26%
$20,176
2%
2017
$390
1%
$19,781
2%
2016
$386
1%
$19,394
2%
2015
$381
-1%
$19,104
2%
2014
$384
—
$18,730
—
2013
$384
—
$18,647
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 561 E Opp St
561 E Opp Street, Wilmington, CA 90744 (MLS# SB23178856) is a Lots/Land property with a lot size of 0.1360 acres. 561 E Opp Street is currently listed for $289,000 and was received on September 28, 2023. Want to learn more about 561 E Opp Street? Do you have questions about finding other Lots/Land real estate for sale in Wilmington? You can browse all Wilmington real estate or contact a Coldwell Banker agent to request more information.