$475,000
$575,000
17.4%For more information regarding the value of a property, please contact us for a free consultation.
1704 N Wilmington Wilmington, CA 90744
5,423 Sqft Lot
Key Details
Sold Price $475,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SB23108988
Sold Date 09/29/23
HOA Y/N No
Year Built 1948
Lot Size 5,423 Sqft
Property Description
Good sized (642 SF) one bedroom units, and well built 4-plex in 1948. Although the property has LA Rent Control, the potential of this property is tremendous.
At $1500 rent per unit, the property would be under 8 X Gross and have a 10.7 Cap Rate. One REAR parking SPACE per unit.
Each apt has their own LAUNDRY HOOK UP INSIDE. 3 Apts. on ground level & one apt. upstairs.
Offers require 25% down. FIRST TIME ON MARKET IN 40 YEARS.
Location
State CA
County Los Angeles
Area 195 - West Wilmington
Interior
Fireplace No
Laundry Inside
Exterior
Pool None
Community Features Curbs, Sidewalks
Private Pool No
Building
Lot Description Level
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 7414008010
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Financing Conventional
Special Listing Condition Standard
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Bought with Christine Ballesteros • RE/MAX Estate Properties