1443 N Wilmington Blvd, Wilmington, CA 90744
- $1,400,000
- 8
- BD
- 8
- BA
- 3,316
- SqFt
- Sold Price
- $1,400,000
- List Price
- $1,495,000
- Closing Date
- Apr 20, 2021
- MLS#
- 21-680068
- Status
- SOLD
- Type
- Multifamily
- Bedrooms
- 8
- Bathrooms
- 8
- Living Area
- 3,316
Property Description
Renovated 8-unit apartment building with upside priced at only 186k/door in Wilmington. There are 4 fully renovated units, 2 of which can be delivered vacant. This property cash flows day one at 5.5% Cap Rate and 12.9 GRM with almost 50% upside to 9% Cap Rate and 8.8 GRM. There's a laundry room and 8 parking spaces for all units. There's potential to add 2 detached ADUs in the back to reduce price to only 149k/door. Excellent West Wilmington location near 110 FWY, public transit, schools, and shopping!
Additional Information
- Year Built
- 1965
- Garage
- Assigned, Uncovered
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Courtesy of Global Platinum Properties, Inc., Armin Soleimani. Selling Office: .
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