Wilmington, CA 90744,315 W Opp ST

$2,600,000

$2,699,000

3.7%
Est.Price: ?

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Est. payment /mo

SOLD DATE : 07/23/2018

Key Details

Sold Price $2,600,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

MLS Listing ID PW18028306

Sold Date 07/23/18

HOA Y/N No

Year Built 1924

Property Description

The offering comprises seven duplexes with all one-bedroom units, a three-bedroom single-family home, and a retail store on a large 21,317-square foot lot. This property is subject to rent control. 315 West Opp Street is securely gated and boasts attractive landscaping, two large shared yards, on-site laundry, and additional storage spaces. Recent substantial capital expenditures include copper plumbing, new electrical, security doors, aluminum windows, new drain lines, tile bathrooms, granite in some units, wall heaters, and individual water heaters.

With current rents approximately 32 percent below market, 315 West Opp Street presents the opportunity for an astute investor to acquire a well-maintained asset and capture substantial potential upside in rents.

Location

State CA

County Los Angeles

Area 195 - West Wilmington

Zoning LARD2

Rooms

Ensuite Laundry Common Area

Interior

Laundry Location Common Area

Fireplace No

Laundry Common Area

Exterior

Garage Spaces 7.0

Garage Description 7.0

Pool None

Community Features Urban

Total Parking Spaces 7

Private Pool No

Building

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 7420024025

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Financing Cash

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Steven Bogoyevac • Steven M. Bogoyevac, Broker
Bought with Steven Bogoyevac • Steven M. Bogoyevac, Broker
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