Wilmington, CA 90744,1147 N Marine AVE
Wilmington, CA 90744,1147 N Marine AVE
Wilmington, CA 90744,1147 N Marine AVE
Wilmington, CA 90744,1147 N Marine AVE
Wilmington, CA 90744,1147 N Marine AVE
Wilmington, CA 90744,1147 N Marine AVE
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$785,000

$775,000

1.3%
Est.Price: ?

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Est. payment /mo

6,699 Sqft Lot


SOLD DATE : 03/21/2024

Key Details

Sold Price $785,000

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Sold

Purchase Type For Sale

MLS Listing ID SB24030389

Sold Date 03/21/24

HOA Y/N No

Year Built 1923

Lot Size 6,699 Sqft

Property Description

We are pleased to present this 4 unit apartment community located in the heart of Wilmington. The offering consists of (4) 1 Bed / 1 Bath units. Each
apartment unit includes a washer/dryer hookup and brand new water heaters as of Feb 2024. In total, the buildings sit on a 6,697 sq ft lot and feature 4 single car garages. Tenants pay for electricity and gas. There is ONE water meter and 4 electrical panels and 4 gas meters. There is rental upside potential to a 8.71% Pro-Forma Cap Rate & 8.10 Pro-Forma GRM. There is a 648 sq ft garage in the back with RTI plans for (2) ADUs consisting of 1+1. Plans are fully approved and are ready for construction! This could ultimately be converted into a 6 unit apartment building. Property can be financed through a residential loan.

Location

State CA

County Los Angeles

Area 195 - West Wilmington

Zoning LAR1

Interior

Heating Wall Furnace

Cooling None

Flooring Carpet

Fireplaces Type None

Fireplace No

Laundry Inside

Exterior

Garage Spaces 4.0

Garage Description 4.0

Fence None

Pool None

Community Features Sidewalks

Utilities Available Water Available

View Y/N No

View None

Roof Type None

Total Parking Spaces 4

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Story 1

Entry Level One

Sewer Public Sewer

Water Public

Architectural Style Colonial

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 7420020018

Acceptable Financing Cash, Cash to New Loan, Conventional, Contract, 1031 Exchange

Listing Terms Cash, Cash to New Loan, Conventional, Contract, 1031 Exchange

Financing Conventional

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Evelyn Baez Gonzalez • Lyon Stahl Investment Real Estate, Inc. • 951-902-3006
Bought with Mirian Duenas • Four Points Realty
agent-avatar

+1(805) 242-2114

alana@soldbyalanaking.com

Paso Robles, CA, 93446, USA

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