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.
Sold for $2,250,000 on 04/15/24
Listing Provided by:
Todd Wohl DRE #01912556 310-704-3616,
Premiere Estates International Real Estate
$2,250,000
1421 N Wilmington Blvd, Wilmington, CA 90744
--beds
--baths
7,948sqft
Multi Family
Built in 1957
-- sqft lot
$2,237,600 Zestimate®
$283/sqft
$2,802 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: April 18, 2024 at 10:45am
Listing Provided by:
Todd Wohl DRE #01912556 310-704-3616,
Premiere Estates International Real Estate
Bought with:
Olga Wright, DRE #01315042
Lyon Stahl Investment Real Estate, Inc.
Source: CRMLS,MLS#: SB24023861
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Heating
- Wall Furnace
Cooling
- None
Appliances
- Laundry: Common Area
Features
- Windows: ENERGY STAR Qualified Windows
- Has fireplace: No
- Fireplace features: None
- Common walls with other units/homes: 2+ Common Walls
Interior area
- Total structure area: 7,948
- Total interior livable area: 7,948 sqft
Property
Parking
- Total spaces: 13
- Parking features: Garage
- Garage spaces: 13
Features
- Entry location: front
- Pool features: None
- Spa features: None
- Has view: Yes
- View description: None
Lot
- Size: 0.28 Acres
- Features: 0-1 Unit/Acre
Details
- Additional parcels included: 7414024026
- Parcel number: 7414024027
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
- Attached to another structure: Yes
Condition
- New construction: No
- Year built: 1957
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Security
- Security features: Closed Circuit Camera(s), Gated Community, Window Bars
Community
- Community features: Sidewalks, Gated
Location
- Region: Wilmington
Other
Other facts
- Listing terms: Cash
Services availability
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Estimated market value
$2,237,600
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$2,237,600