4 units in Wilmington CA with plans approved to build 2 ADUs

Los Angeles County, Los Angeles, CA, 90744
Sold
Listed at: January 31st, 2024
Price
$775,000
ARV
$1,300,000
Gross Margin
$525,000
Sq. Footage
2400
Type
Multifamily
Parking
Detached Garage
Year build
1923
Lot size
6697.00 acres
Bedrooms
4
Bathrooms
4
Half Bathrooms
0
Summary

We are pleased to present this 4 unit apartment community located in the heart of Wilmington. The offering consists of four 1 bedroom units. Each apartment unit includes a washer/dryer hookup. In total, the buildings sit on a 6,697 sq ft lot and feature 4 single car garages but we have plans approved to build 2 ADUs on these garages ready to issue. Each ADUs would be 1/1 

Gross rents are $4006 all tenants are up to date but rents are below market

see attached plans and pictures with videos

https://drive.google.com/drive/folders/1024240fG6QXDk8k34Sh0PUMqw1SQGE7G?usp=sharing


link for plans

https://drive.google.com/file/d/1iSGIXMvM4RkguXTt7eg_W2NrVFc2RuZe/view?usp=drivesdk

Just the building itself once rehabbed will be worth 1M and with the ADUs is 1.3+


Property Details 🏠

Rehab Level: LIGHT- COSMETIC

Construction: 4plex

Electrical Panel: Average condition

Water Heater: new ones are getting installed

Roof: Average Condition

Occupancy:  occupied, only by appt


💪 YOU CAN CLICK THE 🙌 WIN IT NOW BUTTON AND AVOID ALL THE BIDDING (WHICH WILL HAPPEN ON THIS DEAL) AND 🔐 LOCK IT DOWN RIGHT NOW 💥


We work with Realtors and Wholesalers! Please add your fee on top.

Street View
Location
current deal
comparables
#2
available
$123k
sold
$99k
Bedrooms
Bathrooms
Sq. footage
Deals nearby
Available
Sold
Contact

Yoni Rios

No reviews

Disposition manager