Wilmington, CA 90744,1160 Watson AVE
$1,350,000
$1,450,000
6.9%
Est.Price: ?

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4,275 SqFt

1160 Watson AVE Wilmington, CA 90744

Est. payment /mo
SOLD DATE : 08/26/2022

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Key Details

Sold Price $1,350,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 4,275 sqft

Price per Sqft $315

MLS Listing ID RS22105924

Sold Date 08/26/22

HOA Y/N No

Year Built 1924

Lot Size 0.350 Acres

Property Description

Excellent Long Term Investment Opportunity with a great upside for an investor looking to increase the value, 9 Separate small homes located near the port of Los Angeles, This unique set up of small separate homes located next to a park, This property has very low expenses because each home has its separate water meter, gas meter, and electrical meter, These buildings are located in the 90744 zip code near the new Harbor redevelopment project and is offered at only $161k per unit. This property is the ideal opportunity for any investor looking for an upside cash flow with room to grow the monthly income by over 45% or more. The unit mix is 9 Separate homes all are (9) 1-Bed/1-Bath all with their own separate small yard. The property sits on a 15,241 SqFt lot and has 4,275 SqFt of rentable space. The Harbor development project, the port of Los Angeles, and is located in one of the most densely populated markets in the county, is a great long-term investment with huge upside potential.

Location

State CA

County Los Angeles

Area 196 - East Wilmington

Zoning LAR2

Rooms

Ensuite Laundry See Remarks

Interior

Laundry Location See Remarks

Fireplace No

Laundry See Remarks

Exterior

Pool None

Community Features Curbs, Sidewalks

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Story 1

Entry Level One

Sewer Public Sewer

Water Public

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 7425015014

Acceptable Financing Submit

Listing Terms Submit

Financing Cash to New Loan

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Martin Gonzalez • Realty Executives All Cities
Bought with Jorge Serna • Realty Executives All Cities

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Nicole Parent

Broker Associate | License ID: 01827226

+1(559) 930-7171

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