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Listed by Olga Wright, DRE #01315042 • Lyon Stahl Investment Real Estate, Inc.
$ 1,580,000
Est. payment /mo
Active
324 W Opp Wilmington, CA 90744
8,195 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRSB26207407
Year Built 1923
Lot Size 8,195 Sqft
Source California Regional MLS
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 Wilmington's 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
Area 195 - West Wilmington
Interior
Laundry Laundry Area
Exterior
Pool None
Building
Story One Story
Water District - Public
Others
Tax ID 7416030011
Special Listing Condition Not Applicable
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