Wilmington, CA 90744,1421 N Wilmington Blvd
Wilmington, CA 90744,1421 N Wilmington Blvd
Wilmington, CA 90744,1421 N Wilmington Blvd
Wilmington, CA 90744,1421 N Wilmington Blvd
Wilmington, CA 90744,1421 N Wilmington Blvd
Wilmington, CA 90744,1421 N Wilmington Blvd
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$2,250,000

$2,335,000

3.6%
Est.Price: ?

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Est. payment /mo

0.28 Acres Lot


SOLD DATE : 04/15/2024

Key Details

Sold Price $2,250,000

Property Type Condo

Sub Type Apartment

Listing Status Sold

Purchase Type For Sale

MLS Listing ID SB24023861

Sold Date 04/15/24

HOA Y/N No

Year Built 1957

Lot Size 0.277 Acres

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 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.

Location

State CA

County Los Angeles

Area 196 - East Wilmington

Interior

Heating Wall Furnace

Cooling None

Fireplaces Type None

Fireplace No

Laundry Common Area

Exterior

Garage Spaces 13.0

Garage Description 13.0

Pool None

Community Features Sidewalks, Gated

View Y/N No

View None

Total Parking Spaces 13

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Story 2

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 7414024027

Security Features Closed Circuit Camera(s),Gated Community,Window Bars

Acceptable Financing Cash

Listing Terms Cash

Financing Cash

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Todd Wohl • Premiere Estates International Real Estate • 310-704-3616
Bought with Olga Wright • Lyon Stahl Investment Real Estate, Inc.
agent-avatar

+1(805) 242-2114

alana@soldbyalanaking.com

Paso Robles, CA, 93446, USA

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