844 King Ave - Apartments FOR SALE


Wilmington, CA 90744
$1,568,000 USD
626-622-1211
844 King Ave, Wilmington, CA for Sale
$1,568,000 USD
Apartments - FOR SALE
1/8
null | 4.61% Cap Rate

844 King Ave
Wilmington, CA 90744


HIGHLIGHTS

  • Upside in rents
  • Great rental Market
  • First time on market for sale in over 20 years

OVERVIEW

Tucked between Long Beach & San Pedro and only 20 miles from downtown Los Angeles Opportunity Knocks in the heart of Wilmington, Ca. to aquire a two story apartment building consisting of 8 units that are all 2 Bedroom 1 bath has an open parking lot for 8 vehicles, and a seperate laundry room. First time on the market in over 20 years, property rents are low withlong term tenants offering a big upside in rents. Seller motivated.

FOR SALE DETAILS

PRICE

$1,568,000 USD

PRICE/SF

$292 USD /SF

# OF UNITS

8

PRICE/UNIT

$196,000

CAP RATE

4.61%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Multifamily Investment Opprtunity

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1960

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,970 SF

ZONING

LAR1

APN/PARCEL ID

7416-013-001

ASK ABOUT THIS PROPERTY

Efon ManriquezALB Commercial CapitalMore Info
626-622-1211

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Efon ManriquezALB Commercial CapitalMore Info
626-622-1211

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