Skip To Content

    1443 N Wilmington Boulevard

    Wilmington, CA 90744
    • $1,495,000
    • STATUS: Active
    • ON SITE: 90 days
    • ID#: 21680068
    $1,495,000
    • 0
      BEDS
    • 0.13
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,316
      SQFT
    • $451
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1965
    County:

    School Ratings & Info

    Description

    Renovated 8-unit apartment building with upside priced at only 186k/door in Wilmington. There are 4 fully renovated units, 2 of which can be delivered vacant. This property cash flows day one at 5.5% Cap Rate and 12.9 GRM with almost 50% upside to 9% Cap Rate and 8.8 GRM. There's a laundry room and 8 parking spaces for all units. There's potential to add 2 detached ADUs in the back to reduce price to only 149k/door. Excellent West Wilmington location near 110 FWY, public transit, schools, and shopping!

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-04-14T11:27:42.317. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Doherty Real Estate Group | eXp Realty of California, Inc.. Licensed in the State of California, USA.
    www.bestorangecountyhomesearch.com/homes/113256693
    Print Image

    1443 N Wilmington Boulevard Wilmington, CA 90744

    • Price: $1,495,000
    • Status: Active
    • ID#: 21680068
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.13
    Acres
    3,316
    SQFT
    $451
    $/SQFT
    1965
    Built
    Neighborhood:
    195 - West Wilmington
    County:
    Los Angeles
    Area:
    195 - West Wilmington
    Property Description
    Renovated 8-unit apartment building with upside priced at only 186k/door in Wilmington. There are 4 fully renovated units, 2 of which can be delivered vacant. This property cash flows day one at 5.5% Cap Rate and 12.9 GRM with almost 50% upside to 9% Cap Rate and 8.8 GRM. There's a laundry room and 8 parking spaces for all units. There's potential to add 2 detached ADUs in the back to reduce price to only 149k/door. Excellent West Wilmington location near 110 FWY, public transit, schools, and shopping!
    Exterior Features

    Lot Size Units Square Feet Parking Features AssignedUncovered Parking YN Yes

    Property Features

    Country Us Gross Income 117372.00 Gross Multiplier 12.90 Gross Operating Income 114372.00 Net Operating Income 83597.00 Senior Community YN No Special Listing Conditions Standard Total Expenses 30775.00 Zoning Lard1.5

    Listing provided courtesy of Armin Soleimani of Global Platinum Properties, Inc. and Julio Ruiz of Global Platinum Properties, Inc.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-04-14T11:27:42.317. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Doherty Real Estate Group | eXp Realty of California, Inc.. Licensed in the State of California, USA.
     
    https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_2_365102167-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_2_365102167-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_2_365102167-1.jpg
    Logo
    Doherty Real Estate Group | eXp Realty of California, Inc.
    27101 Puerta Real
    Mission Viejo CA, 92691