$ 875,000
-
$875,000
Price -
8
Bed -
4
Bath -
2,867
SqFt -
0.11
Acre
NEW! Buy and sell safely with virtual options - Learn More
About the Listing sb1310620 - SBLYONBRE,SBHARLLAR
1445 N. Wilmington Blvd presents the opportunity to acquire a well-located four-unit multifamily property in the heart of Wilmington. Built in 1965, the property consists of four spacious 2-Bedroom/1-Bath units totaling approximately 2,867 square feet of rentable building area situated on a 4,781-square-foot lot. Offered at a 6.22% current CAP rate and 11.12 current GRM, the property provides investors with exceptional value-add potential through rental repositioning. Three of the four units are occupied by long-term tenants paying substantially below-market rents, and one unit has been fully renovated. Upon stabilization, the property is projected to achieve an impressive 12.01% pro forma CAP rate and 6.63 pro forma GRM. Offered at just $218,750 per unit, the property presents an attractive basis relative to replacement cost and comparable sales. Ideally located near the Port of Los Angeles, the Port of Long Beach, the Harbor Freeway (110), Pacific Coast Highway, and numerous industrial, logistics, and employment centers, the property benefits from strong and consistent rental demand. This offering presents investors with the opportunity to acquire a stable income-producing asset with immediate cash flow upside and significant long-term appreciation potential.
Listing Highlights for 1445 N Wilmington
Interior Details
- Bedrooms: 8
- Bathrooms: 4 Full
- Appliances:
- Air Cond:
- Heating:
- Fireplaces:
- Floor:
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: 2-5 Units/Acre,No Land Lease
- Garage Capacity: N/A
- Parking Spaces: 7
- Roof:
- Others: 2+ Total Units
- Sewer: Public Sewer
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 7414025031
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Listing Location
Questions About..
1445 N Wilmington Wilmington, CA 90744
Never Miss A New Property
Get notified any time there's a new home on the market in this neighborhood!
Don't worry! We'll never spam you or sell your details. You can unsubscribe whenever you'd like.
Listing Courtesy of -
