$1,400,000
$1,495,000
6.4%For more information regarding the value of a property, please contact us for a free consultation.
3,316 SqFt
SOLD DATE : 04/20/2021
Key Details
Sold Price $1,400,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 3,316 sqft
Price per Sqft $422
MLS Listing ID 21680068
Sold Date 04/20/21
HOA Y/N No
Year Built 1965
Lot Size 5,662 Sqft
Acres 0.13
Property Description
Renovated 8-unit apartment building with upside priced at only 186k/door in Wilmington. There are 4 fully renovated units, 2 of which can be delivered vacant. This property cash flows day one at 5.5% Cap Rate and 12.9 GRM with almost 50% upside to 9% Cap Rate and 8.8 GRM. There's a laundry room and 8 parking spaces for all units. There's potential to add 2 detached ADUs in the back to reduce price to only 149k/door. Excellent West Wilmington location near 110 FWY, public transit, schools, and shopping!
Location
State CA
County Los Angeles
Area 195 - West Wilmington
Zoning LARD1.5
Interior
Fireplace No
Exterior
Garage Assigned, Uncovered
Parking Type Assigned, Uncovered
Building
Story 2
Others
Senior Community No
Tax ID 7414025033
Special Listing Condition Standard
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Bought with Brien Varady • DeasyPennerPodley