1147 N Marine Avenue, Wilmington, CA 90744
Fourplex · 2 recorded sales since 2023
Sold March 2024
Listing Agent: Evelyn Baez Gonzalez (DRE #02103055) · Listing Office: Lyon Stahl Investment Real Estate, Inc. · Contact: 951-902-3006 · Bought with: Mirian Duenas · Four Points Realty · MLS #SB24030389 · Source: CRMLS
About this fourplex
We are pleased to present this 4 unit apartment community located in the heart of Wilmington. The offering consists of (4) 1 Bed / 1 Bath units. Each apartment unit includes a washer/dryer hookup and brand new water heaters as of Feb 2024. In total, the buildings sit on a 6,697 sq ft lot and feature 4 single car garages. Tenants pay for electricity and gas. There is ONE water meter and 4 electrical panels and 4 gas meters. There is rental upside potential to a 8.71% Pro-Forma Cap Rate & 8.10 Pro-Forma GRM. There is a 648 sq ft garage in the back with RTI plans for (2) ADUs consisting of 1+1. Plans are fully approved and are ready for construction! This could ultimately be converted into a 6 unit apartment building. Property can be financed through a residential loan.
Listing description from the March 2024 sale, as reported to CRMLS.
Sale history
