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Listed by Yolanda Andrade • Cornerstone Realty Group
$1,300,000
Est. payment /mo
6,100 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 6,100 sqft
Price per Sqft $213
MLS Listing ID CRCV25135361
HOA Y/N No
Year Built 1958
Lot Size 7,165 Sqft
Property Sub-Type Other
Source Datashare California Regional
Property Description
Exceptional 8-Unit Investment Opportunity in Wilmington! First time on the market in over 40 years, this well-maintained 8-unit multifamily property offers an incredible opportunity for investors seeking stability and long-term value. Situated on a prime corner lot, this asset features (6) 1-bedroom/1-bath units and (2) 2-bedroom/1-bath units, each separately metered for gas and electricity - an important feature for minimizing owner expenses. Pride of ownership is evident throughout. The property boasts a new roof, newer dual-pane windows installed on most units, and a fresh exterior paint job, enhancing both curb appeal and longevity. The long-term tenants have taken great care of their homes, reflecting the property's strong community feel and consistent upkeep. Residents enjoy ample on-site parking with eight designated spaces in addition to street parking. All 9A compliance items have been completed, offering peace of mind for the next owner. This is a rare chance to acquire a turnkey investment in a thriving rental market, where opportunities like this seldom become available. Whether you're expanding your portfolio or entering the multifamily space, this Wilmington gem is one you won't want to miss.
Location
State CA
County Los Angeles
Interior
Fireplace No
Laundry No Hookups
Exterior
View Other
Building
Lot Description Corner Lot, Front Yard
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