Wilmington, CA 90744,1147 N Marine AVE
Wilmington, CA 90744,1147 N Marine AVE
Wilmington, CA 90744,1147 N Marine AVE
5
$600,000
$625,000
4.0%
Est.Price: ?

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4 BD
4 BA
2,400 SqFt

1147 N Marine AVE Wilmington, CA 90744

Est. payment /mo
SOLD DATE : 03/29/2023

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Key Details

Sold Price $600,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 2,400 sqft

Price per Sqft $250

MLS Listing ID 23245328

Sold Date 03/29/23

Bedrooms 4

Construction Status Fixer

HOA Y/N No

Year Built 1923

Lot Size 6,695 Sqft

Property Description

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. Offered at $156k/unit and $260/ft, this opportunity allows an astute investor to add value to the property as tenants turnover. The property has strong day 1 income operating at a 4.77% Cap Rate & 13.94 GRM. There is rental upside potential to a 10.85% Pro-Forma Cap Rate & 7.44 Pro-Forma GRM. This property is a part of a 8 building portfolio ranging from apartments, commercial, mixed use and a hotel. Each property in the portfolio is being offered individually or can be bought together! Each building in the portfolio is less than a mile away from each other and most are within a few blocks of each other.

Location

State CA

County Los Angeles

Area 195 - West Wilmington

Zoning LAR1

Interior

Cooling None

Fireplace No

Exterior

Garage Spaces 4.0

Garage Description 4.0

Pool None

View Y/N No

View None

Accessibility None

Total Parking Spaces 4

Private Pool No

Building

Story 1

New Construction No

Construction Status Fixer

Others

Senior Community No

Tax ID 7420020018

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by John Katnik • BRC Advisors- BH
Bought with John Katnik • BRC Advisors- BH

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Kelly Corsino

Agent | License ID: 01704102

+1(949) 229-0019

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