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1160 Watson AVE Wilmington, CA 90744
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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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Bought with Jorge Serna • Realty Executives All Cities