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1421 N Wilmington Blvd Wilmington (los Angeles), CA 90744
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Key Details
Sold Price $2,250,000
Property Type Commercial
Sub Type Other
Listing Status Sold
Purchase Type For Sale
Square Footage 7,948 sqft
Price per Sqft $283
MLS Listing ID CRSB24023861
Sold Date 04/15/24
HOA Y/N No
Year Built 1957
Lot Size 0.277 Acres
Acres 0.28
Property Sub-Type Other
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
Interior
Interior Features Energy Star Windows Doors
Heating Wall Furnace
Cooling None
Fireplace No
Laundry Community Facility
Exterior
View Y/N false
View None
Building
Sewer Public Sewer
Water Public
New Construction No
Others
Tax ID 7414024027
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Bought with OlgaWright
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