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1704 N Wilmington Wilmington, CA 90744
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Key Details
Sold Price $475,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SB23108988
Sold Date 09/29/23
Bedrooms 4
HOA Y/N No
Lot Size 5,424 Sqft
Property Description
Good sized (642 SF) one bedroom units, and well built 4-plex in 1948. Although the property has LA Rent Control, the potential of this property is tremendous. At $1500 rent per unit, the property would be under 8 X Gross and have a 10.7 Cap Rate. One REAR parking SPACE per unit. Each apt has their own LAUNDRY HOOK UP INSIDE. 3 Apts. on ground level & one apt. upstairs. Offers require 25% down. FIRST TIME ON MARKET IN 40 YEARS.
Good sized (642 SF) one bedroom units, and well built 4-plex in 1948. Although the property has LA Rent Control, the potential of this property is tremendous. At $1500 rent per unit, the property would be under 8 X Gross and have a 10.7 Cap Rate. One REAR parking SPACE per unit. Each apt has their own LAUNDRY HOOK UP INSIDE. 3 Apts. on ground level & one apt. upstairs. Offers require 25% down. FIRST TIME ON MARKET IN 40 YEARS.
Location
State CA
County Los Angeles
Area Wilmington (90744)
Zoning Assessor
Building
Lot Description Curbs, Sidewalks
Story 2
Lot Size Range 4000-7499 SF
Others
Space Rent $595
Financing Conventional
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Bought with Christine Ballesteros • RE/MAX Estate Properties