$1,500,000
$1,645,000
8.8%For more information regarding the value of a property, please contact us for a free consultation.
203 W Opp ST Wilmington, CA 90744
7,234 Sqft Lot
Key Details
Sold Price $1,500,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID CRSR22183632
Sold Date 10/27/22
Originating Board California Regional MLS
Year Built 1964
Lot Size 7,234 Sqft
Property Description
*** Palm View Terrace 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 Palm View Terrace, a multifamily investment property totaling 9 units located at 203 W Opp St. Wilmington, CA 90744. This spacious 9-unit apartment building was built in 1964. The property is 2 stories and offers 7 one-bedroom units, 1 two-bedroom/one-bath units, and 1 two-bedroom/two-bath unit. Apartments include wall A/C units and are separately metered for gas & electricity. Unit #1 comes with a private gated patio. The building construction is comprised of wood frame with a flat roof and painted stucco exterior. The total building square footage is ±6,424 on a ±7,234 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 9 on-site parking spaces (2x2 Carport+5 Tuck-under). There is additional storage space beneath the stairwells for potential added income. The property is located on a corner lot and offers nice curb appeal. Aesthetically, the grounds and building are reasonably kept and maintained. The building ha
Location
State CA
County Los Angeles
Area 195 - West Wilmington
Interior
Laundry Laundry Area
Exterior
Parking Features Carport , Common Parking Area, Other, Parking Area
Garage Spaces 9.0
Pool None
Building
Water District - Public
Others
Tax ID 7420023022
Special Listing Condition Not Applicable
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Bought with Raymond Rodriguez • Keller Williams Realty Calabasas