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947 N Wilmington Blvd Wilmington, CA 90744
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Key Details
Sold Price $1,600,000
Property Type Single Family Home
Listing Status Sold
Purchase Type For Sale
Square Footage 6,213 sqft
Price per Sqft $257
MLS Listing ID 21-774310
Sold Date 01/21/22
Bedrooms 12
Year Built 1962
Lot Size 7,226 Sqft
Acres 0.1659
Property Description
Back on Market. We are pleased to present an investment opportunity to acquire an 8-unit value-add property in Wilmington. Cheap price per foot and tons of meat on the bones. This large 8-unit property includes 4 1b/1b units and 4 2b/1b units. The property has been mismanaged for many years. A new purchaser can significantly improve the properties cash flow with the implementation of a number of value add strategies that are discussed more fully in the supplemental due diligence package---available by request only. Also available offering memorandum. This wont last long. Call for offers September 1st. *30% upside in rents, *Many tenants not on lease which can create additional turnover, *Cheap price per foot, *Well maintained building.
Location
State CA
County Los Angeles
Area West Wilmington
Zoning LAC1.5
Rooms
Other Rooms None
Interior
Heating Wall
Cooling None
Equipment None
Exterior
Parking Features Uncovered
Garage Spaces 8.0
Others
Special Listing Condition Standard
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Bought with Marcus & Millichap