561 E Opp Street, Wilmington CA, 90744
(Active)
$299,000
|
400 sqft
|
MLS# SB23198550
Last Updated: 4/28/2024 7:58 AM
Description for
561 E Opp Street
Wilmington, CA 90744
CALLING ALL HISTORY BUFFS! Here is your once in a lifetime opportunity to own a piece of history from the Civil War....and the only one of its kind on the West Coast! 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 garden and flat lot currently managed by the City of Wilmington Beautification group. The garden area can be developed and a structure can be put on according to the City and historical society. 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 didnt 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!
Price
$299,000
Los Angeles
400 (approx)
SB23198550
Active
Description
CALLING ALL HISTORY BUFFS! Here is your once in a lifetime opportunity to own a piece of history from the Civil War....and the only one of its kind on the West Coast! 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 garden and flat lot currently managed by the City of Wilmington Beautification group. The garden area can be developed and a structure can be put on according to the City and historical society. 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 didnt 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!
Listing Information
| Property Type: Single Family, Duplex, Multi-Family, 1 Story | ||
| 0.14 Acres | Assessor | 400 (approx) |
| 1871 | 1 | |
Public
Public Sewer
Neighborhood
School Information
| District: Los Angeles Unified | ||
Room Information
None
Interior Features
None
No Common Walls
1
None
All Bedrooms Down
Exterior / Lot Features
0 Covered Parking Spaces,
None
LAR2
Corner Lot
Driving Directions
On the corner of Opp St and Eubank Ave
Financial Considerations
| 7423025029 |
Cash,1031 Exchange,Submit
Listing Price History
Wilmington Real Estate
Wilmington is located in California. Wilmington, California 90744 has a population of 55,109.
The median household income in Wilmington, California 90744 is $52,265. The median household income for the surrounding county is $73,262 compared to the national median of $66,222. The median age of people living in Wilmington 90744 is 38 years.
Data provided below are primarily sourced from Public Records data.
Nearby Recent Sales (Sourced from Public Records)
| Street Address | City | Beds | Baths | Sold Price | Sold Date | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| No information is available for recently sold properties within this search. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Price History
| Date | Event | Price | Source |
|---|---|---|---|
| 12/28/2023 | Active | $299,000 USD -9.12% |
|
| 11/13/2023 | Active | $329,000 USD -6.00% |
|
| 10/24/2023 | Active | $350,000 USD |
|
Tax History (Sourced from Public Records)
| year | Property Taxes | Change | Tax Assessment | Change |
|---|---|---|---|---|
| 2023 | $490 USD | 3.59% | $22,061 USD | 2.00% |
| 2022 | $473 USD | 0.64% | $21,629 USD | 1.99% |
| 2021 | $470 USD | -0.21% | $21,206 USD | - |
| 2020 | $471 USD | 2.39% | $21,206 USD | 1.03% |
| 2019 | $460 USD | -6.12% | $20,990 USD | 2.00% |