$1,550,000
$1,650,000
6.1%For more information regarding the value of a property, please contact us for a free consultation.
10,244 SqFt
SOLD DATE : 11/25/2014
Key Details
Sold Price $1,550,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 10,244 sqft
Price per Sqft $151
MLS Listing ID SB14139439
Sold Date 11/25/14
HOA Y/N No
Year Built 1924
Tax Year 2013
Lot Size 0.825 Acres
Acres 0.825
Property Description
We are proud to present this 16-unit Spanish style apartment building located on Banning BL, in the city of Wilmington. The property consists of 6 duplex and 1 quadruple x property is well maintained in a great rental market located slightly north of Anaheim Street, with easy access to Pacific Coast Highway, and the 710 and 110 freeways. The property is centrally located to an abundance of employment supplied by the bustling Long Beach and Los Angeles ports. This single-story apartment building presents an investor with the opportunity to invest their capital in a strong rental market with high employment demographics, while at the same time hedging their capital against the growth of inflation in today's ever-changing economic climate.
Location
State CA
County Los Angeles
Area 196 - East Wilmington
Interior
Heating Gravity
Fireplace No
Exterior
Garage DoorSingle, Garage
Garage Spaces 16.0
Garage Description 16.0
Pool None
Community Features Suburban
Utilities Available SewerAvailable
View Y/N Yes
View Neighborhood
Roof Type Composition
Parking Type DoorSingle, Garage
Total Parking Spaces 16
Private Pool No
Building
Lot Description Item610UnitsAcre
Story 1
Entry Level One
Foundation Block
Water Public
Architectural Style Spanish
Level or Stories One
Others
Senior Community No
Tax ID 7423016012
Security Features SmokeDetectors
Acceptable Financing Submit
Listing Terms Submit
Financing Contract
Special Listing Condition Standard
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Bought with Brad Ammann • Residential Investments
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
Scott Greenspan
Broker Owner