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Listed by Todd Wohl • Premiere Estates International Real Estate
$2,335,000
Est. payment /mo
7,948 SqFt
Pending
1421 N Wilmington Blvd Wilmington, CA 90744
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Key Details
Property Type Single Family Home
Sub Type Apartment
Listing Status Pending
Purchase Type For Sale
Square Footage 7,948 sqft
Price per Sqft $293
MLS Listing ID SB-24023861
Year Built 1957
Lot Size 0.277 Acres
Property Sub-Type Apartment
Property Description
Trust Sale. 14 Unit, fully occupied 2 building multifamily investment opportunity. RENTS ARE extremely UNDERMARKET, UPSIDE GROWTH IN RENTAL INCOME nearly $70,000 if market rents are obtained. Additional savings if buyer self manages. 1421 and 1425 are sold together. Recent improvements include new roofs, dual pane windows, paint, lighting, perimeter fencing, electrical panels, unit renovation, camera system Excellent location with easy access to the 110 freeway. Property is sold as is and seller will not make any repairs. Gross income $173,328 NOI nearly $60k.
Location
State CA
County Los Angeles
Area 196 - East Wilmington
Interior
Heating Wall Furnace
Cooling None
Fireplaces Type None
Laundry Community
Exterior
Parking Features Gated
Garage Spaces 13.0
Pool None
Community Features Sidewalks
View Y/N No
View None
Building
Lot Description 0-1 Unit/Acre
Sewer Public Sewer