$710,000
$800,000
11.3%For more information regarding the value of a property, please contact us for a free consultation.
4 Beds
4 Baths
1,981 SqFt
SOLD DATE : 08/22/2024
Key Details
Sold Price $710,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 1,981 sqft
Price per Sqft $358
MLS Listing ID 24399647
Sold Date 08/22/24
Bedrooms 4
HOA Y/N No
Year Built 1939
Lot Size 4,800 Sqft
Property Description
We are pleased to present a 4-unit building (1 unit VACANT) located in the Wilmington neighborhood. This opportunity is located two blocks away from the Port of Los Angeles and in close proximity to the Wilmington Waterfront Park, the Wilmington Recreation Center, and the 110 freeway. The property's central location offers a short drive to both San Pedro and Long Beach providing tenants and owner-users numerous nearby amenities. The building currently operates at a 12.95 GRM on current rents, with rental upside potential to a 9.26 GRM and a 7.31% CAP on pro-forma rents. The property consists of single story building constructed in 1939 with a unit mix of 3 studio units and 1 one-bedroom unit. The property also features four uncovered onsite parking spaces in the rear accessible from the alley. Contact the listing team for additional information.
Location
State CA
County Los Angeles
Area 195 - West Wilmington
Zoning LARD1.5
Interior
Heating Wall Furnace
Cooling None
Fireplaces Type None
Fireplace No
Exterior
Garage Uncovered
Pool None
Parking Type Uncovered
Total Parking Spaces 4
Private Pool No
Building
Story 1
Entry Level One
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 7418016019
Special Listing Condition Standard
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Bought with Vincent Cook • Kidder Mathews of California, Inc
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Realtor® | Lic# 01332311