1443 N Wilmington Boulevard
1443 N Wilmington Boulevard
1443 N Wilmington Boulevard
1443 N Wilmington Boulevard
1443 N Wilmington Boulevard
1443 N Wilmington Boulevard
1443 N Wilmington Boulevard
1443 N Wilmington Boulevard
1443 N Wilmington Boulevard
1443 N Wilmington Boulevard
1443 N Wilmington Boulevard
1443 N Wilmington Boulevard
1443 N Wilmington Boulevard
1443 N Wilmington Boulevard
1443 N Wilmington Boulevard
1443 N Wilmington Boulevard
1443 N Wilmington Boulevard
1443 N Wilmington Boulevard
1443 N Wilmington Boulevard
1443 N Wilmington Boulevard
1443 N Wilmington Boulevard
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$1,400,000

1443 N Wilmington Boulevard

3,316 Sq.Ft.

Description

Renovated 8-unit apartment building with upside priced at only 186k/door in Wilmington. There are 4 fully renovated units, 2 of which can be delivered vacant. This property cash flows day one at 5.5% Cap Rate and 12.9 GRM with almost 50% upside to 9% Cap Rate and 8.8 GRM. There's a laundry room and 8 parking spaces for all units. There's potential to add 2 detached ADUs in the back to reduce price to only 149k/door. Excellent West Wilmington location near 110 FWY, public transit, schools, and shopping!

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Location

1443 N Wilmington Boulevard, Wilmington, CA 90744

Status

Sold
Brien Varady

Brien Varady

TITLE

Senior Partner

Property Amenities

Area & Lot
Lot Area 0.13 Acres
Living area 3,316 Sq.Ft.
MLS® ID 21680068
Year Built 1965
Type Multi-Family
Status Sold
Exterior
Stories 2
Parking Assigned, Uncovered
Finance
Sales Price $1,400,000

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