Skip To Content

--
  • --
    BEDS
  • --
    ACRES
  • --
    BATHS
  • --
    1/2 BATHS
  • --
    SQFT
  • --
    $/SQFT

Listing Details

Status
--
On Site
--
On Market
--
MLS #
--
Neighborhood
--
Type
--
Built
--
County
--
Area
--

School Ratings & Info

Description

CALL FOR OFFERS NOW MOVED TO September 15th. 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.

Monthly Payment Calculator



Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-09-20T22:42:35.877. 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/120622540
Print Image

947 N Wilmington Blvd Wilmington, CA 90744

  • Price: $1,600,000
  • Status: Active
  • Updated: 30 min ago
  • MLS #: 21-774310
12
Beds
0
Baths
0
½ Baths
0.17
Acres
6,213
SQFT
$258
$/SQFT
1962
Built
Neighborhood:
West Wilmington
County:
Los Angeles
Area:
West Wilmington
Property Description
CALL FOR OFFERS NOW MOVED TO September 15th. 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.
Exterior Features

Lot Size Area 7226 Other Structures None Parking Garage Uncovered Total Parking 8

Interior Features

Baths Total 8.00 Cooling None Equipment None Heating Wall

Property Features

Assessed Total Value 337962 Gross Income 9178 Gross Operating Income 116002 Like Units1 4 Like Units2 4 Net Operating Income 72892.00 Number Of Buildings 1 Number Of Units 8 Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Total Annual Expense 43110 Type Of Units Multifamily Year Built Source Vendor Enhanced Zoning Lac1.5

Listing provided courtesy of Jonathan Weir DRE#02038545 of Marcus & Millichap.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-09-20T22:42:35.877. 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.
 
https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_1_21-774310-2.jpg https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_1_21-774310-2.jpg https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_1_21-774310-2.jpg
Logo
The John Jay Group - Bennion Deville Homes
74996 Highway 111
Indian Wells CA, 92210