817 North Fries Avenue, Wilmington, CA 90744

$4,500,000
65
BD
6
BA
19,140
SqFt
List Price
$4,500,000
MLS#
19464430
Bedrooms
65
Bathrooms
6
Living Sq. Ft
19,140
Lot Size
7,512
Property Type
Multifamily
Status
Active

Property Description

-Dense Wilmington Rental Market -Located in an Opportunity Zone - Investors May Be Eligible for Significant Tax Benefits -Walking Distance to Retail Shops of Avalon Boulevard & Pacific Coast Highway -Close Proximity to Harbor Park Golf Course, Neighboring Schools, & Port of Los Angeles -Two On-Site Laundry Facilities -Turnkey Asset with Legitimate Rental Upside -Current 6.50% Cap Rate & 9.00 GRM -Pro-Forma 7.88% Cap Rate & 7.96 GRM *Adjacent parcels (APN: 7416-031-015/016 ) available for purchase for $1,750,000.*

Additional Information

Units
65
Net Operating Income
$292,409
Taxes
$53,633
Actual Gross Annual Income
479518
Year Built
1923
View
Parking
Other
Heat
Other
Cooling
Other

Mortgage Calculator

Amount of Loan
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Term of Loan
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Calculator source: Real Geeks

Courtesy of Shield CRE, Inc., Gianluca Jacoli.

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