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    947 N Wilmington Blvd

    Wilmington, CA 90744
    • $1,600,000
    • STATUS: Active
    • ON SITE: 36 days
    • MLS #: 21-774310
    UPDATED: 37 min ago
    $1,600,000
    • 12
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,213
      SQFT
    • $258
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1962
    County:

    School Ratings & Info

    Description

    OPEN HOUSE Tuesday September 28th from 4:30-6:30. Call for Offers Thursday September 30th. We are pleased to present an investment opportunity to acquire an 8-unit value-add property in Wilmington. Cheap price per foot and tons of meat on the bones. This large 8-unit property includes 4 1b/1b units and 4 2b/1b units. The property has been mismanaged for many years. A new purchaser can significantly improve the properties cash flow with the implementation of a number of value add strategies that are discussed more fully in the supplemental due diligence package---available by request only. Also available offering memorandum. This wont last long. Call for offers September 1st. *30% upside in rents, *Many tenants not on lease which can create additional turnover, *Cheap price per foot, *Well maintained building.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-09-25T11:42:39.73. 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.
    www.jelmbergteam.com/homes/120622540
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    947 N Wilmington Blvd Wilmington, CA 90744

    • Price: $1,600,000
    • Status: Active
    • Updated: 37 min ago
    • MLS #: 21-774310
    12
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    6,213
    SQFT
    $258
    $/SQFT
    1962
    Built
    Neighborhood:
    West Wilmington
    County:
    Los Angeles
    Area:
    West Wilmington
    Property Description
    OPEN HOUSE Tuesday September 28th from 4:30-6:30. Call for Offers Thursday September 30th. We are pleased to present an investment opportunity to acquire an 8-unit value-add property in Wilmington. Cheap price per foot and tons of meat on the bones. This large 8-unit property includes 4 1b/1b units and 4 2b/1b units. The property has been mismanaged for many years. A new purchaser can significantly improve the properties cash flow with the implementation of a number of value add strategies that are discussed more fully in the supplemental due diligence package---available by request only. Also available offering memorandum. This wont last long. Call for offers September 1st. *30% upside in rents, *Many tenants not on lease which can create additional turnover, *Cheap price per foot, *Well maintained building.
    Exterior Features

    Lot Size Area 7226 Other Structures None Parking Garage Uncovered Total Parking 8

    Interior Features

    Baths Total 8.00 Cooling None Equipment None Heating Wall

    Property Features

    Assessed Total Value 337962 Gross Income 9178 Gross Operating Income 116002 Like Units1 4 Like Units2 4 Net Operating Income 72892.00 Number Of Buildings 1 Number Of Units 8 Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Total Annual Expense 43110 Type Of Units Multifamily Year Built Source Vendor Enhanced Zoning Lac1.5

    Listing provided courtesy of Jonathan Weir DRE#02038545 of Marcus & Millichap.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-09-25T11:42:39.73. 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.
     
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    The Jelmberg Team | Keller Williams
    39-575 Washington Street, Suite #105
    Palm Desert CA, 92211