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821 Flint Ave

Wilmington, CA 90744
  • $2,750,000
  • STATUS: Active
  • ON SITE: 147 days
  • MLS #: 21-684322
UPDATED: 86 min ago
$2,750,000
  • 27
    BEDS
  • 0.1
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 7,386
    SQFT
  • $372
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1924
County:

School Ratings & Info

Description

We are pleased to present for sale a 21 unit SRO + 8 apartments (one 1 BD + seven Studios) in the city of Wilmington that will be delivered ~95% VACANT!!!! The building consists of 21 SRO units (single room occupancy) which share 2 community baths + 8 apartments (which have their own kitchen, bath, living room/bedroom combo). Lots of options for a new owner to come in and renovate to maximize the upside in rents. Perfect opportunity for non-profit uses or any program that requires vacant units!! The site is located in close proximity to the Port of Long Beach and Downtown San Pedro. Major plumbing work done was done in 2014 + Electrical work done in 2015. Adjacent rear parking lot on 818 Sanford Ave (8,960 sqft lot) is available for sale as well for $600,000 and may be purchased individually or concurrently with 821 Flint Avenue. Seller may be willing to negotiate on price of adjacent parking lot on Sanford if bought concurrently with 821 Flint. Contact listing agent for more details!

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-06-22T12:42:54.713. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.searchdesertrealestate.com/homes/113604980
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821 Flint Ave Wilmington, CA 90744

  • Price: $2,750,000
  • Status: Active
  • Updated: 86 min ago
  • MLS #: 21-684322
27
Beds
0
Baths
0
½ Baths
0.1
Acres
7,386
SQFT
$372
$/SQFT
1924
Built
Neighborhood:
East Wilmington
County:
Los Angeles
Area:
East Wilmington
Property Description
We are pleased to present for sale a 21 unit SRO + 8 apartments (one 1 BD + seven Studios) in the city of Wilmington that will be delivered ~95% VACANT!!!! The building consists of 21 SRO units (single room occupancy) which share 2 community baths + 8 apartments (which have their own kitchen, bath, living room/bedroom combo). Lots of options for a new owner to come in and renovate to maximize the upside in rents. Perfect opportunity for non-profit uses or any program that requires vacant units!! The site is located in close proximity to the Port of Long Beach and Downtown San Pedro. Major plumbing work done was done in 2014 + Electrical work done in 2015. Adjacent rear parking lot on 818 Sanford Ave (8,960 sqft lot) is available for sale as well for $600,000 and may be purchased individually or concurrently with 821 Flint Avenue. Seller may be willing to negotiate on price of adjacent parking lot on Sanford if bought concurrently with 821 Flint. Contact listing agent for more details!
Exterior Features

Lot Size Area 4487 Other Structures None Parking Garage Other Total Parking 0

Interior Features

Baths Total 11.00 Cooling Other Equipment Other Heating Other

Property Features

Assessed Total Value 124584 Gross Income 259800 Gross Operating Income 259800 Like Units1 21 Like Units2 7 Like Units3 1 Net Operating Income 168870.00 Number Of Buildings 1 Number Of Units 29 Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Total Annual Expense 90930 Type Of Units Standard Year Built Source Vendor Enhanced Zoning Lamr2

Listing provided courtesy of Daniel Shamooelian DRE#01984269 of Brc Advisors- Bh.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-06-22T12:42:54.713. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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The John Jay Group - Bennion Deville Homes
74996 Highway 111
Indian Wells CA, 92210