$1,600,000
$1,600,000
For more information regarding the value of a property, please contact us for a free consultation.
7,226 Sqft Lot
SOLD DATE : 01/21/2022
Key Details
Sold Price $1,600,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 21774310
Sold Date 01/21/22
HOA Y/N No
Year Built 1962
Lot Size 7,226 Sqft
Property Description
Back on Market. We are pleased to present an investment opportunity to acquire an 8-unit value-add property in Wilmington. Cheap price per foot and tons of meat on the bones. This large 8-unit property includes 4 1b/1b units and 4 2b/1b units. The property has been mismanaged for many years. A new purchaser can significantly improve the properties cash flow with the implementation of a number of value add strategies that are discussed more fully in the supplemental due diligence package---available by request only. Also available offering memorandum. This wont last long. Call for offers September 1st. *30% upside in rents, *Many tenants not on lease which can create additional turnover, *Cheap price per foot, *Well maintained building.
Location
State CA
County Los Angeles
Area 195 - West Wilmington
Zoning LAC1.5
Interior
Heating WallFurnace
Cooling None
Fireplace No
Exterior
Garage Uncovered
Parking Type Uncovered
Total Parking Spaces 8
Building
New Construction No
Others
Senior Community No
Tax ID 7416014010
Special Listing Condition Standard
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Jonathan Weir • Marcus & Millichap
Real Estate Agent & Loan Officer | License ID: 02076931
+1(949) 226-1789 | realestateaminzarif@gmail.com