1144 Blinn Avenue
Wilmington, CA 90744
0.27 acres | #SB24138582
Description
Welcome to a prime investment opportunity in the heart of Wilmington! This fully occupied 12-unit apartment complex offers steady rental income and substantial potential for additional cash flow. All units have recently had their rents increased, ensuring maximized revenue.
The value-add is seven garage spaces and a laundry room, both of which present excellent opportunities for added cash flow. Additionally, there is significant potential for expansion with the possibility of constructing new units above the garage spaces.
Located in a thriving area of Wilmington, this property is close to local amenities, public transportation, and major highways, making it highly attractive to tenants. Don’t miss out on this exceptional investment opportunity with room to grow and increase your return on investment.
For more information and to schedule a viewing, please contact us today.
Property Details
- Lot DescriptionRectangularLot
- Property TypeMulti-Family
- Sewer InformationPublicSewer
- CountyLos Angeles
- Original List Price$2,000,000
- MLS #SB24138582
- MLS #SB24138582
- Property SubtypeApartment
- Cost2000000
- Acres0.2691
- Utility SourcePublic
- Year Built1923
- Stories2
Location
Legal
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of the most recent time synced and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Ho Chung (#sbchunhos)
Listing Office: Realty One Group United (#sb1331470)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
