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$ 1,580,000
Est. payment | /mo
2 Beds
4 Baths
8,195 Sqft Lot
$ 1,580,000
Est. payment | /mo
2 Beds
4 Baths
8,195 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB26207407
Bedrooms 2
Lot Size 8,195 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
Well-maintained 10-unit courtyard-style apartment complex consisting of six studios and four one-bedroom units in two side-by-side buildings on an 8,192 SF lot. This charming gated property is located in a quiet residential neighborhood and one of Wilmingtons more desirable rental pockets. Offered at an attractive 9.7 GRM & 6.5% Cap Rate on CURRENT income, the property provides stable in-place cash flow with significant upside in rents. Additional Income Includes Capital Improvements Surcharge, Laundry, and Storage Income. >>The property has been meticulously maintained with ongoing upgrades, including copper plumbing and updated electrical. Units are separately metered for gas and electricity, the property offers on-site laundry, and tenants pay their own trash expenses, helping keep operating costs low. <
Location
State CA
County Los Angeles
Zoning Assessor
Direction north of Anaheim St and West of Avalon Blvd
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 1
Level or Stories 1
Others
Senior Community No
Tax ID 7416030011
Listed by Olga Wright, DRE#01315042 Lyon Stahl Investment Real Estate, Inc.
Nearby Locations
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Krystal Lane
Partner Lic# 1918284