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$ 1,580,000
Est. payment | /mo
8,193 Sqft Lot
$ 1,580,000
Est. payment | /mo
8,193 Sqft Lot
Key Details
Property Type Other Types
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB26207407
HOA Y/N No
Year Built 1923
Lot Size 8,193 Sqft
Property Sub-Type Apartment
Property Description
Well-maintained 10-unit courtyard-style apartment complex consisting of six studios and four one-bedroom units in two side-by-side buildings on an 8,192 SF lot. This charming gated property is located in a quiet residential neighborhood and one of Wilmington's more desirable rental pockets. Offered at an attractive 9.7 GRM & 6.5% Cap Rate on CURRENT income, the property provides stable in-place cash flow with significant upside in rents. Additional Income Includes Capital Improvements Surcharge, Laundry, and Storage Income.
>>The property has been meticulously maintained with ongoing upgrades, including copper plumbing and updated electrical. Units are separately metered for gas and electricity, the property offers on-site laundry, and tenants pay their own trash expenses, helping keep operating costs low.
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>>The property has been meticulously maintained with ongoing upgrades, including copper plumbing and updated electrical. Units are separately metered for gas and electricity, the property offers on-site laundry, and tenants pay their own trash expenses, helping keep operating costs low.
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Location
State CA
County Los Angeles
Area 195 - West Wilmington
Interior
Fireplace No
Laundry Common Area
Exterior
Pool None
Community Features Street Lights, Sidewalks, Urban
Private Pool No
Building
Lot Description Walkstreet
Story 1
Entry Level One
Sewer Public Sewer
Water Public
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 7416030011
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Special Listing Condition Standard
Listed by Olga Wright Lyon Stahl Investment Real Estate, Inc. 310-801-7373, DRE #01315042
Joshua Tolar
Homeowner Advisor | Realtor License ID: 02000924
+1(909) 525-2770 | josh@pivothomes.com