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Key Details
Sold Price $710,000
Property Type Other Types
Sub Type OTHER
Listing Status Sold
Purchase Type For Sale
Square Footage 1,981 sqft
Price per Sqft $358
MLS Listing ID CL24399647
Sold Date 08/22/24
Bedrooms 1
HOA Y/N No
Year Built 1939
Lot Size 4,799 Sqft
Acres 0.11
Property Description
We are pleased to present a 4-unit building (1 unit VACANT) located in the Wilmington neighborhood. This opportunity is located two blocks away from the Port of Los Angeles and in close proximity to the Wilmington Waterfront Park, the Wilmington Recreation Center, and the 110 freeway. The property's central location offers a short drive to both San Pedro and Long Beach providing tenants and owner-users numerous nearby amenities. The building currently operates at a 12.95 GRM on current rents, with rental upside potential to a 9.26 GRM and a 7.31% CAP on pro-forma rents. The property consists of single story building constructed in 1939 with a unit mix of 3 studio units and 1 one-bedroom unit. The property also features four uncovered onsite parking spaces in the rear accessible from the alley. Contact the listing team for additional information.
Location
State CA
County Los Angeles
Area Listing
Zoning LARD
Interior
Heating Wall Furnace
Cooling No Air Conditioning
Fireplace No
Exterior
Total Parking Spaces 4
Building
New Construction No
Others
Tax ID 7418016019
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© 2024 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Bought with VincentCook