Wilmington, CA 90744,1119 W Chandler ST

$530,000

Est. payment /mo

$570,000

7.0%
Est.Price: ?

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1119 W Chandler ST Wilmington, CA 90744

9,278 Sqft Lot

SOLD DATE : 04/30/2014

Key Details

Sold Price $530,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

MLS Listing ID SB14056484

Sold Date 04/30/14

HOA Y/N No

Year Built 1930

Tax Year 2013

Lot Size 9,278 Sqft

Property Description

This investment offering consists of 5 bungalow-style units in a courtyard style complex in a quiet residential neighborhood in Wilmington. It is a rare investment opportunity where investors can immediately benefit from positive cash flow with immediate upside as 4 units are due for the annual 3% rent increase and the other unit will be eligible for the annual increase in June of 2014. The property is well maintained with upgraded plumbing, 5 garages and 6 open parking spaces. There is a common area laundry room onsite. As units turn over, the below market rents present a significant upside of 40-60% rental income on most of the units.

This apartment complex located in a quiet residential neighborhood just South of Lomita Boulevard and West of Wilmington Boulevard. It is situated on a large corner lot at the northeast corner of Chandler & Frigate Avenue in a highly desirable rental pocket of Wilmington. Most of the properties in this neighborhood are single family residences.

Location

State CA

County Los Angeles

Area 195 - West Wilmington

Interior

Fireplace No

Exterior

Parking Features Assigned

Garage Spaces 5.0

Garage Description 5.0

Pool None

Community Features Curbs

Utilities Available Sewer Available

Total Parking Spaces 11

Private Pool No

Building

Lot Description Corner Lot

Story One

Entry Level One

Water Public

Level or Stories One

Others

Senior Community No

Tax ID 7414016025

Acceptable Financing Cash, Cash to New Loan, Conventional, Submit

Listing Terms Cash, Cash to New Loan, Conventional, Submit

Financing Cash

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Stephen Lampe • RE/MAX Commercial & Inv Realty
Bought with Stephen Lampe • RE/MAX Commercial & Inv Realty

John Vogel

Real Estate Advisor | License ID: DRE 01445571

+1(760) 712-2437

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