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1421 N Wilmington Blvd Wilmington, CA 90744
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Key Details
Sold Price $2,250,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID CRSB24023861
Sold Date 04/15/24
Originating Board California Regional MLS
Year Built 1957
Lot Size 0.277 Acres
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
Laundry Community Facility
Exterior
Garage Spaces 13.0
Pool 31, None
View None
Building
Water District - Public
Others
Tax ID 7414024027
Special Listing Condition Not Applicable
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Bought with Olga Wright • Lyon Stahl Investment Real Estate, Inc.
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