$1,340,000
$1,485,000
9.8%For more information regarding the value of a property, please contact us for a free consultation.
4 Beds
4 Baths
9,087 Sqft Lot
SOLD DATE : 10/07/2022
Key Details
Sold Price $1,340,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SB22171726
Sold Date 10/07/22
Bedrooms 4
HOA Y/N No
Lot Size 9,087 Sqft
Property Description
715 King Avenue is a terrific 9 unit investment property featuring tremendous upside potential of about 80% +/-! The units are a mix of One 2 Bedroom unit and Eight 1 Bedroom units. The grounds have garage parking at the front of the property, and more surface parking at the rear. There is also onsite laundry available (leased) and the units are all individually metered. Wilmington has always been a strong rental market, with terrific access to Long Beach, San Pedro, and the rest of the South Bay! The Port of Los Angeles also provided thousands of stable jobs in the immediate vicinity, helping to maintain Wilmington's reputation as a stable investment market.
715 King Avenue is a terrific 9 unit investment property featuring tremendous upside potential of about 80% +/-! The units are a mix of One 2 Bedroom unit and Eight 1 Bedroom units. The grounds have garage parking at the front of the property, and more surface parking at the rear. There is also onsite laundry available (leased) and the units are all individually metered. Wilmington has always been a strong rental market, with terrific access to Long Beach, San Pedro, and the rest of the South Bay! The Port of Los Angeles also provided thousands of stable jobs in the immediate vicinity, helping to maintain Wilmington's reputation as a stable investment market.
Location
State CA
County Los Angeles
Area Wilmington (90744)
Zoning Public Rec
Building
Lot Description Curbs
Lot Size Range 7500-10889 SF
Others
Acceptable Financing Cash, Exchange
Space Rent $1,250
Listing Terms Cash, Exchange
Read Less Info
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Bought with Josh Cohen • Keller Williams Beach Cities