Wilmington, CA 90744,1147 N Marine AVE
Wilmington, CA 90744,1147 N Marine AVE
Wilmington, CA 90744,1147 N Marine AVE
Wilmington, CA 90744,1147 N Marine AVE
Wilmington, CA 90744,1147 N Marine AVE
See all 5 photos

$600,000

$625,000

4.0%
Est.Price: ?

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

Est. payment /mo

4 Beds

4 Baths

2,400 SqFt


SOLD DATE : 03/29/2023

Key Details

Sold Price $600,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 2,400 sqft

Price per Sqft $250

MLS Listing ID 23245328

Sold Date 03/29/23

Bedrooms 4

Construction Status Fixer

HOA Y/N No

Year Built 1923

Lot Size 6,695 Sqft

Property Description

We are pleased to present this 4 unit apartment community located in the heart of Wilmington. The offering consists of four 1 bedroom units. Each apartment unit includes a washer/dryer hookup. In total, the buildings sit on a 6,697 sq ft lot and feature 4 single car garages. Offered at $156k/unit and $260/ft, this opportunity allows an astute investor to add value to the property as tenants turnover. The property has strong day 1 income operating at a 4.77% Cap Rate & 13.94 GRM. There is rental upside potential to a 10.85% Pro-Forma Cap Rate & 7.44 Pro-Forma GRM. This property is a part of a 8 building portfolio ranging from apartments, commercial, mixed use and a hotel. Each property in the portfolio is being offered individually or can be bought together! Each building in the portfolio is less than a mile away from each other and most are within a few blocks of each other.

Location

State CA

County Los Angeles

Area 195 - West Wilmington

Zoning LAR1

Interior

Cooling None

Fireplace No

Exterior

Garage Spaces 4.0

Garage Description 4.0

Pool None

View Y/N No

View None

Accessibility None

Total Parking Spaces 4

Private Pool No

Building

Story 1

New Construction No

Construction Status Fixer

Others

Senior Community No

Tax ID 7420020018

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 John Katnik • BRC Advisors- BH
Bought with John Katnik • BRC Advisors- BH
Amin Zarif

Real Estate Agent & Loan Officer | License ID: 02076931

+1(949) 226-1789 | realestateaminzarif@gmail.com

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.