$1,600,000
$1,600,000
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6,213 SqFt
SOLD DATE : 01/21/2022
Key Details
Sold Price $1,600,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 6,213 sqft
Price per Sqft $257
MLS Listing ID 21774310
Sold Date 01/21/22
HOA Y/N No
Year Built 1962
Lot Size 7,226 Sqft
Acres 0.1659
Property Description
Back on Market. We are pleased to present an investment opportunity to acquire an 8-unit value-add property in Wilmington. Cheap price per foot and tons of meat on the bones. This large 8-unit property includes 4 1b/1b units and 4 2b/1b units. The property has been mismanaged for many years. A new purchaser can significantly improve the properties cash flow with the implementation of a number of value add strategies that are discussed more fully in the supplemental due diligence package---available by request only. Also available offering memorandum. This wont last long. Call for offers September 1st. *30% upside in rents, *Many tenants not on lease which can create additional turnover, *Cheap price per foot, *Well maintained building.
Location
State CA
County Los Angeles
Area 195 - West Wilmington
Zoning LAC1.5
Interior
Heating WallFurnace
Cooling None
Fireplace No
Exterior
Garage Uncovered
Parking Type Uncovered
Total Parking Spaces 8
Building
New Construction No
Others
Senior Community No
Tax ID 7416014010
Special Listing Condition Standard
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Bought with Jonathan Weir • Marcus & Millichap
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "