$600,000
$625,000
4.0%For more information regarding the value of a property, please contact us for a free consultation.
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!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with John Katnik • BRC Advisors- BH
Real Estate Agent & Loan Officer | License ID: 02076931
+1(949) 226-1789 | realestateaminzarif@gmail.com