Wilmington, CA 90744,947 N Wilmington BLVD
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Wilmington, CA 90744,947 N Wilmington BLVD
Wilmington, CA 90744,947 N Wilmington BLVD
Wilmington, CA 90744,947 N Wilmington BLVD

$1,600,000

Est. payment /mo

$1,600,000

Est.Price: ?

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947 N Wilmington BLVD Wilmington, CA 90744

7,226 Sqft Lot

SOLD DATE : 01/21/2022

Key Details

Sold Price $1,600,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 21774310

Sold Date 01/21/22

HOA Y/N No

Year Built 1962

Lot Size 7,226 Sqft

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 195 - West Wilmington

Zoning LAC1.5

Interior

Heating WallFurnace

Cooling None

Fireplace No

Exterior

Parking Features Uncovered

Total Parking Spaces 8

Building

New Construction No

Others

Senior Community No

Tax ID 7416014010

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Jonathan Weir • Marcus & Millichap
Bought with Jonathan Weir • Marcus & Millichap
agent

John Vogel

Real Estate Advisor | License ID: DRE 01445571

+1(760) 712-2437

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