Commercial For Sale | Multifamily | Apartment building / Low Rise / Garden Style / 1-3 stories high

1443 Wilmington Boulevard . Wilmington , CA 90744

For sale Renovated 8-unit apartment building with upside priced at only 186k/door in Wilmington. For more information please contact the listing agent,Armin Soleimani arminsoleimani@gmail.com 310 666-2246

Posted: 11/18/2020 1:54 pm | On HOMEiZ: 1254 days | Updated: 2 years ago | Views: 1173

Location Map

Property Type

Sold

Property Price

$1400000
$1400000
04/20/2021
5,829.00 Sq. Ft.
$422
3316
Contact listing agent%
5.61%
$0
$78540
13.03
1.25%
$17500

Property Location & Description

For sale Renovated 8-unit apartment building with upside priced at only 186k/door in Wilmington. For more information please contact the listing agent,Armin Soleimani arminsoleimani@gmail.com 310 666-2246
Rent Control
Renovated 2020.There are 4 fully renovated units, 3 of which can be delivered vacant. This property cash flows day one at 5.5% Cap Rate and 12.9 GRM with almost 50% upside to 9% Cap Rate and 8.8 GRM. There's a laundry room and 8 parking spaces for all units. There's potential to add 2 detached ADUs in the back to reduce price to only 149k/door. Potential to add 2 ADUS at the rear of the property
Excellent West Wilmington location near 110 FWY, public transit, schools, and shopping!
8
$175000
No.
Description
No. Units
Sq. Ft.
Avg. Mo. Rent
1.
1+1 
8 
 
$1191
2.
 
 
 
3.
 
 
 
4.
 
 
 
5.
 
 
 
7414-025-033
LARD1.5
50%
Wood & Stucco
2
1965
Very good
Renovated 2020
4 fully renovated units 3 of which can be delivered vacant
Llaundry room
Potential to add 2 detached ADUs in the back to reduce price to only 149k/door

Property Information

Sewer

Sewer System (Public)

Parking

Off-street
On-street
Assigned Parking
8

Investment Overview

Investor

Energy Efficiency

Don't Know
No Data
N/A
N/A
No
No
No
No

Neighborhood lifestyle

Urban Core

More information

http://www.globalmajorproperties.com/author/armin/

Listing Info

Listing ID: 2522
Sold

For Sale

$1,400,000

Listing Presented by

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