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504 W L ST Wilmington, CA 90744
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Key Details
Sold Price $1,050,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID OC23131929
Sold Date 01/19/24
HOA Y/N No
Year Built 1953
Lot Size 7,026 Sqft
Property Description
MOTIVATED SELLER! Are you in search of a meticulously cared-for investment property that can be easily managed on your own? Look no further than this fully occupied, well-maintained fourplex. This property consists of one spacious 2+1 unit and three comfortable 1+1 units, with an added bonus/office/den room in one of the 1+1 units. 2 remodeled units and bathrooms have been recently updated, giving them a touch of modernity. Each unit has its own separate meters, with the exception of water (2 tenants pay RUBS). Additionally, each unit offers its own front-fenced area, providing privacy and individuality. The end unit, featuring a generous 2/1 layout, comes with a huge front and side yard, like living in a single-family residence. In addition to a 1 car garage, there is driveway parking and an available side parking spot. Situated on a 7,025-square-foot lot in the heart of Wilmington, this fourplex presents a fantastic opportunity to secure your future in the thriving Wilmington real estate market. This property also offers the potential for additional income through the installation of a coin laundry facility. It is an ideal investment for an owner looking to manage their own rentals or a family seeking to establish a rental portfolio. Drive-by only. PLEASE do not disturb the tenants. Inspection with an accepted offer. WILL DELIVER 1 UNIT VACANT FOR OWNER OCCUPIED!
Location
State CA
County Los Angeles
Area 195 - West Wilmington
Zoning LAR1
Interior
Heating Wall Furnace
Cooling None
Fireplaces Type None
Fireplace No
Laundry None
Exterior
Garage Spaces 1.0
Garage Description 1.0
Pool None
Community Features Street Lights, Suburban, Sidewalks
Total Parking Spaces 3
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Story 1
Entry Level One
Sewer Public Sewer
Water Public
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 7420017016
Energy Description 130.0
Acceptable Financing 1031 Exchange
Listing Terms 1031 Exchange
Financing Conventional
Special Listing Condition Standard
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Bought with Michael Geluz • Legacy Realty & Investments