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    1443 N Wilmington Boulevard

    Wilmington, CA 90744
    • $1,495,000
    • STATUS: Active
    • ON SITE: 93 days
    • ID#: 21680068
    $1,495,000
    • 0
      BEDS
    • 0.13
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,316
      SQFT
    • $451
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1965
    County:

    School Ratings & Info

    Description

    Renovated 8-unit apartment building with upside priced at only 186k/door in Wilmington. There are 4 fully renovated units, 2 of which can be delivered vacant. This property cash flows day one at 5.5% Cap Rate and 12.9 GRM with almost 50% upside to 9% Cap Rate and 8.8 GRM. There's a laundry room and 8 parking spaces for all units. There's potential to add 2 detached ADUs in the back to reduce price to only 149k/door. Excellent West Wilmington location near 110 FWY, public transit, schools, and shopping!

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-04-17T00:27:53.82. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Realty Masters & Associates. Licensed in the State of California, USA.
    www.mckeeregroup.com/homes/113256693
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    1443 N Wilmington Boulevard Wilmington, CA 90744

    • Price: $1,495,000
    • Status: Active
    • ID#: 21680068
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.13
    Acres
    3,316
    SQFT
    $451
    $/SQFT
    1965
    Built
    Neighborhood:
    195 - West Wilmington
    County:
    Los Angeles
    Area:
    195 - West Wilmington
    Property Description
    Renovated 8-unit apartment building with upside priced at only 186k/door in Wilmington. There are 4 fully renovated units, 2 of which can be delivered vacant. This property cash flows day one at 5.5% Cap Rate and 12.9 GRM with almost 50% upside to 9% Cap Rate and 8.8 GRM. There's a laundry room and 8 parking spaces for all units. There's potential to add 2 detached ADUs in the back to reduce price to only 149k/door. Excellent West Wilmington location near 110 FWY, public transit, schools, and shopping!
    Exterior Features

    Parking Features AssignedUncovered

    Property Features

    Gross Income 117372 Listing Agreement Exclusive Right To Sell Listing Service Full Service Net Operating Income 83597 Senior Community YN No Special Listing Conditions Standard Zoning Lard1.5

    Listing provided courtesy of Armin Soleimani of Global Platinum Properties, Inc. and Julio Ruiz of Global Platinum Properties, Inc.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-04-17T00:27:53.82. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Realty Masters & Associates. Licensed in the State of California, USA.
     
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