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FOR SALE
$775,000

1147 N Marine Avenue
Wilmington, CA 90744

Fourplex
Residential Income
2,400
Sq. Ft.
0.1538
Acre Lot
Listing Agent: Evelyn Baez Gonzalez CalDRE: 02103055 - Lyon Stahl Investment Real Estate, Inc., 951-902-3006
Showcase> California> Wilmington> 90744
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. Eachapartment 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.
SB24030389
Residential Income - Fourplex, 1 Story
1923
Los Angeles
0.1538 Acres
Public
1
Public Sewer
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The scores below measure the walkability of the address, access to public transit of the area and the convenience of using a bike on a scale of 1-100

Walk Score

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Listing Agent: Evelyn Baez Gonzalez CalDRE: 02103055 - Lyon Stahl Investment Real Estate, Inc., 951-902-3006
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This content last refreshed on 2/20/2024 8:34 PM CST. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
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