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1421 N Wilmington Blvd, Wilmington, CA 90744

$2,335,000
7,948
SqFt
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List Price
$2,335,000
Status
PENDING
MLS#
SB-24023861
Year Built
1957
Living Sq. Ft
7,948
Lot Size
12,075
Lot Location
0-1 Unit/Acre
Days on Market
14
Property Type
Multifamily
Stories
2
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760-880-8385

Property Description

Trust Sale. 14 Unit, fully occupied 2 building multifamily investment opportunity. RENTS ARE extremely UNDERMARKET, UPSIDE GROWTH IN RENTAL INCOME nearly $70,000 if market rents are obtained. Additional savings if buyer self manages. 1421 and 1425 are sold together. Recent improvements include new roofs, dual pane windows, paint, lighting, perimeter fencing, electrical panels, unit renovation, camera system Excellent location with easy access to the 110 freeway. Property is sold as is and seller will not make any repairs. Gross income $173,328 NOI nearly $60k.

760-880-8385
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Additional Information

Land Lease Type
Fee
Lot Description
0-1 Unit/Acre
Fireplace Description
None
View
None
Parking
Gated
Garage Spaces Total
13
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Listing courtesy of Premiere Estates International Real Estate.