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Listed by Brett Dalton Lyon • Lyon Stahl Investment Real Estate, Inc.
$915,000
Est. payment /mo
2,867 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Commercial/Residential
Listing Status Active
Purchase Type For Sale
Square Footage 2,867 sqft
Price per Sqft $319
MLS Listing ID SB-26169874
Year Built 1965
Lot Size 4,781 Sqft
Property Sub-Type Commercial/Residential
Source California Regional Multiple Listing Service (CRMLS)
Property Description
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 5.90% current CAP rate and 11.63 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, while one unit has been fully renovated, allowing a new owner to immediately lease the unit at market rent. Upon stabilization, the property is projected to achieve an impressive 11.43% pro forma CAP rate and 6.93 pro forma GRM.
Offered at just $228,750 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.
Offered at just $228,750 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.
Location
State CA
County Los Angeles
Area 195 - West Wilmington
Interior
Laundry None
Exterior
Parking Features None
Pool None
Community Features Biking
Building
Lot Description 2-5 Units/Acre
Sewer Public Sewer
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John R Thompson
Broker/Owner | License ID: 01200900
Broker/Owner License ID: 01200900