$2,250,000
$2,335,000
3.6%For more information regarding the value of a property, please contact us for a free consultation.
2 Beds
1 Bath
0.28 Acres Lot
SOLD DATE : 04/15/2024
Key Details
Sold Price $2,250,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SB24023861
Sold Date 04/15/24
Bedrooms 2
HOA Y/N No
Lot Size 0.277 Acres
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.
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.
Location
State CA
County Los Angeles
Area Wilmington (90744)
Zoning Assessor
Building
Lot Description Sidewalks
Story 2
Others
Monthly Total Fees $1, 953
Acceptable Financing Cash
Listing Terms Cash
Financing Cash
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Bought with Olga Wright • Lyon Stahl Investment Real Estate, Inc.