$785,000
$775,000
1.3%For more information regarding the value of a property, please contact us for a free consultation.
1147 N Marine AVE Wilmington, CA 90744
6,699 Sqft Lot
Key Details
Sold Price $785,000
Property Type Multi-Family
Sub Type Fourplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID CRSB24030389
Sold Date 03/21/24
Style Colonial
Originating Board California Regional MLS
Year Built 1923
Lot Size 6,699 Sqft
Property Description
We are pleased to present this 4 unit apartment community located in the heart of Wilmington. The offering consists of (4) 1 Bed / 1 Bath units. Each apartment unit includes a washer/dryer hookup and brand new water heaters as of Feb 2024. In total, the buildings sit on a 6,697 sq ft lot and feature 4 single car garages. Tenants pay for electricity and gas. There is ONE water meter and 4 electrical panels and 4 gas meters. There is rental upside potential to a 8.71% Pro-Forma Cap Rate & 8.10 Pro-Forma GRM. There is a 648 sq ft garage in the back with RTI plans for (2) ADUs consisting of 1+1. Plans are fully approved and are ready for construction! This could ultimately be converted into a 6 unit apartment building. Property can be financed through a residential loan.
Location
State CA
County Los Angeles
Area 195 - West Wilmington
Rooms
Kitchen None
Interior
Heating Wall Furnace
Cooling None
Laundry Other, Washer/Dryer - Owned
Exterior
Garage Spaces 4.0
Pool 31, None
View None
Building
Story One Story
Water District - Public
Architectural Style Colonial
Others
Tax ID 7420020018
Special Listing Condition Not Applicable
Read Less
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
© 2025 MLSListings Inc. All rights reserved.
Bought with Mirian Duenas • Four Points Realty