130 E Opp St - Apartments FOR SALE


Wilmington, CA 90744
$2,078,000 USD
213-503-8070
130 E Opp St, Wilmington, CA for Sale
$2,078,000 USD
Apartments - FOR SALE
1/25
null | 5.5% Cap Rate

130 E Opp St
Wilmington, CA 90744


HIGHLIGHTS

  • Supreme opportunity for both investors and developers
  • Potential to be turned into a giant 9-unit residential complex
  • Approved plans to build two additional units have been obtained and will be delivered COE

OVERVIEW

Proudly presenting this supreme opportunity for both investors and developers alike. 130 E Opp St is a prime rental income property with great current revenue as well as great potential and upside. Recent renovations are reflected in the improved rental income, especially from the four beautifully remodeled units; a brand-new ADU unit will be delivered at COE, along with substantial electric upgrades. In addition, approved plans to build two additional units have been obtained and will also be delivered COE, saving a lot of time and effort for the buyer. This gold mine is further bolstered by rental upside and potential to be turned into a 9-unit residential complex. 130 E Opp St truly is a best-of-both-worlds: a stable property with great current income that also oozes undeniable developmental value. High rental demand in the area is just the cherry-on-top.

FOR SALE DETAILS

PRICE

$2,078,000 USD

PRICE/SF

$461 USD /SF

# OF UNITS

7

PRICE/UNIT

$296,857

CAP RATE

5.5%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1930

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.25 AC

LAND SF

10,890 SF

ZONING

R3

APN/PARCEL ID

7423-005-027

ASK ABOUT THIS PROPERTY

Mi Jeong Stella KimMi Jeong KimMore Info
213-503-8070

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Mi Jeong Stella KimMi Jeong KimMore Info
213-503-8070

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.