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    1443 N Wilmington Blvd

    Wilmington, CA 90744
    • $1,450,000
    • STATUS: Active
    • ON SITE: 33 days
    • ID#: 20-653968
    Price Reduced
    UPDATED: 17 min ago
    $1,450,000
    • 8
      BEDS
    • 0.13
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,316
      SQFT
    • $437
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1965
    County:

    School Ratings & Info

    Description

    Renovated 8-unit apartment building with upside priced at only 181k/door in Wilmington. There are 4 fully renovated units, 3 of which can be delivered vacant. This property cash flows day one at 5.7% Cap Rate and 12.6 GRM with almost 50% upside to 9.3% Cap Rate and 8.5 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 145k/door. Excellent West Wilmington location near 110 FWY, public transit, schools, and shopping!

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-12-03T17:42:57.343. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.trulinerealty.com/homes/111504551
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    1443 N Wilmington Blvd Wilmington, CA 90744

    • Price: $1,450,000
    • Status: Active
    • Updated: 17 min ago
    • ID#: 20-653968
    8
    Beds
    0
    Baths
    0
    ½ Baths
    0.13
    Acres
    3,316
    SQFT
    $437
    $/SQFT
    1965
    Built
    Neighborhood:
    West Wilmington
    County:
    Los Angeles
    Area:
    West Wilmington
    Property Description
    Renovated 8-unit apartment building with upside priced at only 181k/door in Wilmington. There are 4 fully renovated units, 3 of which can be delivered vacant. This property cash flows day one at 5.7% Cap Rate and 12.6 GRM with almost 50% upside to 9.3% Cap Rate and 8.5 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 145k/door. Excellent West Wilmington location near 110 FWY, public transit, schools, and shopping!
    Exterior Features

    Lot Size Area 5829 Other Structures None Parking Garage AssignedUncovered Total Parking 0

    Interior Features

    Baths Total 8.00 Cooling Ceiling Fan Equipment None Heating Wall Gas

    Property Features

    Assessed Total Value 505078 Gross Income 117372 Gross Operating Income 114372 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Like Units5 1 Like Units6 1 Net Operating Income 83597.00 Number Of Buildings 2 Number Of Units 8 Sale Type Standard Source Living Area Owner Source Lot Size Area Vendor Enhanced Total Annual Expense 30775 Type Of Units 8 Year Built Source Vendor Enhanced Zoning Lard1.5

    Listing provided courtesy of Armin Soleimani DRE#01846872 of Global Platinum Properties, Inc..


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-12-03T17:42:57.343. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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    TruLine Realty
    8644 Wilshire Blvd. Suite 204
    Beverly Hills CA, 90211