$1,200,000
$1,260,000
4.8%For more information regarding the value of a property, please contact us for a free consultation.
823 Lagoon AVE Wilmington, CA 90744
7,512 Sqft Lot
Key Details
Sold Price $1,200,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID CNSR22183683
Sold Date 10/27/22
Originating Board CRISNet
Year Built 1965
Lot Size 7,512 Sqft
Property Description
*** Lagoon Flats is offered for sale as part of 3 building, 24 unit Wilmington portfolio that may be purchased collectively or individually. *** We are proud to present Lagoon Flats, a multifamily investment property totaling 7 units located at 823 Lagoon Ave. Wilmington, CA 90744. This spacious 7-unit apartment building was built in 1965. The property is 2 stories and offers 4 one-bedroom units and 3 two-bedroom/one-bath units. The apartments include wall A/C units and are separately metered for gas & electricity. The building construction is comprised of wood frame, flat roof, painted stucco exterior and brick accent. The total building square footage is ±5,301 on a ±7,512 square foot lot zoned LARD1.5. This investment opportunity presents an ideal income property for an investor looking to acquire a value-add asset with significant rental upside potential. Common area amenities include a laundry room and 7 on-site parking spaces (2 two-car garages and 3 one-car garages). There is a well landscaped frontage of the building. Aesthetically, the corner-lot asset has curb appeal. The property grounds and building are reasonably kept and maintained. Per LADBS website, the seismic soft-story retrofit is not required. The building entry is acces
Location
State CA
County Los Angeles
Area 195 - West Wilmington
Interior
Laundry Laundry Area
Exterior
Parking Features Garage, Parking Area
Garage Spaces 7.0
Pool None
Building
Water District - Public
Others
Tax ID 7416025027
Special Listing Condition Not Applicable
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Bought with Raymond Rodriguez