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1147 N Marine AVE Wilmington, CA 90744
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Key Details
Sold Price $785,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SB24030389
Sold Date 03/21/24
HOA Y/N No
Year Built 1923
Lot Size 6,699 Sqft
Property Description
We are pleased to present this 4 unit apartment community located in the heart of Wilmington. The offering consists of (4) 1 Bed / 1 Bath units. Each
apartment unit includes a washer/dryer hookup and brand new water heaters as of Feb 2024. In total, the buildings sit on a 6,697 sq ft lot and feature 4 single car garages. Tenants pay for electricity and gas. There is ONE water meter and 4 electrical panels and 4 gas meters. There is rental upside potential to a 8.71% Pro-Forma Cap Rate & 8.10 Pro-Forma GRM. There is a 648 sq ft garage in the back with RTI plans for (2) ADUs consisting of 1+1. Plans are fully approved and are ready for construction! This could ultimately be converted into a 6 unit apartment building. Property can be financed through a residential loan.
Location
State CA
County Los Angeles
Area 195 - West Wilmington
Zoning LAR1
Rooms
Ensuite Laundry Inside
Interior
Laundry Location Inside
Heating Wall Furnace
Cooling None
Flooring Carpet
Fireplaces Type None
Fireplace No
Laundry Inside
Exterior
Garage Spaces 4.0
Garage Description 4.0
Fence None
Pool None
Community Features Sidewalks
Utilities Available Water Available
View Y/N No
View None
Roof Type None
Total Parking Spaces 4
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Story 1
Entry Level One
Sewer Public Sewer
Water Public
Architectural Style Colonial
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 7420020018
Acceptable Financing Cash, Cash to New Loan, Conventional, Contract, 1031 Exchange
Listing Terms Cash, Cash to New Loan, Conventional, Contract, 1031 Exchange
Financing Conventional
Special Listing Condition Standard
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Bought with Mirian Duenas • Four Points Realty
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