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1421 N Wilmington Blvd

Wilmington, CA 90744
  • $2,335,000
  • STATUS: Pending
  • ON SITE: 27 Days
  • ID#: SB24023861
Pending
UPDATED: 37 min ago
$2,335,000
  • 0
    BEDS
  • 0.28
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1957
County:

School Ratings & Info

Listing Agent(s): Todd Wohl of Premiere Estates International Real Estate (877-337-8283)


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 systemExcellent 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.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-02-29T19:34:33.97. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Brianna Miller | Synergy Real Estate. Licensed in the State of California, USA.
www.briannasellshomes.com/homes/147197812
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1421 N Wilmington Blvd Wilmington, CA 90744

  • Price: $2,335,000
  • Status: Pending
  • On Site: 27 Days
  • Updated: 37 min ago
  • ID#: SB24023861
0
Beds
0
Baths
0
½ Baths
0.28
Acres
1957
Built
Neighborhood:
196 - East Wilmington
County:
Los Angeles
Area:
196 - East Wilmington
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 systemExcellent 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.
Exterior Features

Entry Level 1 Entry Location front Lot Features 0-1 Unit/Acre Number Of Separate Electric Meters 14 Parking Total 13 Pool Features None Pool Private YN No Property Attached YN Yes Spa Features None Spa YN No View None View YN No

Interior Features

Common Walls 2+ Common Walls Cooling None Cooling YN No Fireplace Features None Fireplace YN No Heating Wall Furnace Heating YN Yes Window Features ENERGY STAR Qualified Windows

Property Features

Additional Parcels YN Yes Association Fee 0 Association YN No Common Interest Community Apartment Community Features SidewalksGated Electric Expense 674 Fuel Expense 0 Garage YN Yes Gross Income 173328 Gross Scheduled Income 173328 Insurance Expense 0 Land Lease YN No Laundry Features Common Area Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Cash Net Operating Income 58323 New Construction YN No Number Of Separate Gas Meters 14 Number Of Separate Water Meters 1 Operating Expense 114965 Property Sub Type Apartment Rent Control YN Yes Security Features Closed Circuit Camera(s)Gated CommunityWindow Bars Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays ElectricityGas Trash Expense 8608 Water Sewer Expense 11179 Water Source Public



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-02-29T19:34:33.97. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Brianna Miller | Synergy Real Estate. Licensed in the State of California, USA.
 
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Brianna Miller | Synergy Real Estate
140 N. Harvard Avenue #341
Claremont CA, 91711
Listing Agent(s): Todd Wohl of Premiere Estates International Real Estate (877-337-8283)