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

2 Beds

1 Bath

0.28 Acres Lot


SOLD DATE : 04/15/2024

Key Details

Sold Price $2,250,000

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Sold

Purchase Type For Sale

MLS Listing ID SB24023861

Sold Date 04/15/24

Bedrooms 2

HOA Y/N No

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.
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 Wilmington (90744)

Zoning Assessor

Building

Lot Description Sidewalks

Story 2

Others

Monthly Total Fees $1, 953

Acceptable Financing Cash

Listing Terms Cash

Financing Cash

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San Diego Regional MLS (SDMLS)
Listed by Todd Wohl • Premiere Estates International Real Estate
Bought with Olga Wright • Lyon Stahl Investment Real Estate, Inc.
agent-avatar

+1(858) 449-1101

theresa@octagonre.com

1420 Kettner Blvd, Suite 100, Diego, CA, 92101, United States

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