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$ 1,568,000
Est. payment /mo
Active
844 King AVE Wilmington, CA 90744
7,011 Sqft Lot
UPDATED:
11/13/2024 12:59 AM
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRTR24226690
Originating Board California Regional MLS
Year Built 1960
Lot Size 7,011 Sqft
Property Description
For the first time in over 20 years, this exceptional 8-unit property in Wilmington is available for sale! Situated on a generous 7,011-square-foot lot, the building comprises eight 2-bedroom, 1-bathroom units, each approximately 672 square feet, totaling 5,376 square feet of rentable living space. This property offers convenient community laundry facilities and an open parking lot for tenants, ensuring ample parking space. Fully occupied and generating consistent rental income, each tenant pays for their own gas and electricity, while the owner covers water and trash expenses. Properties of this caliber, especially with long-standing tenant occupancy, are rare in Wilmington's competitive market. This is a prime investment opportunity that won't last long!
Location
State CA
County Los Angeles
Area 195 - West Wilmington
Interior
Heating Wall Furnace
Cooling None
Laundry In Laundry Room, Washer/Dryer - Leased, Community Facility
Exterior
Parking Features No Parking
Garage Spaces 8.0
Pool 31, None
View None
Roof Type Composition
Building
Water District - Public
Others
Tax ID 7416013001
Special Listing Condition Not Applicable
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Listed by Sophia De La Vara • Berkshire Hathaway HomeServices California Properties