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Listing 13 out of 18
$675,000 For Sale

832 King Avenue
Wilmington, CA 90744

4 units | Multi Family Home
7227 sq ft lot - MLS# SB19049290
Property Photo

Description

Great starter units in Wilmington. Close to public transit and shops. Property is under LA City RSO. Long-term upside to benefit from Wilmington redevelopment investment. The Wilmington Waterfront Promenade Construction will begin in 2019 on two new open park spaces designed by T.Y. Lin International and Boston-based Sasaki with a completion date of 2021. The Wilmington Waterfront Promenade is an extension of the current park and will be built in an area now occupied by storage tanks and industrial buildings, thereby creating a “window on the Waterfront” for the Wilmington community within the Port of Los Angeles. It will include a waterfront promenade, pedestrian plaza and parking lot.

Features

  • Property Type: Multi Family Home
  • Sub Type: Multi Family Home
  • Listing Status: Active
  • Zip Code: 90744
  • Year Built: 1931
  • Units: 4 units
  • # of Parking Spaces: 3.00
  • Lot Size: 7227 sq ft lot
  • Zoning: LAR1
  • Area: 195 - West Wilmington
  • Average 2 Bed Area Units: Square Feet
  • Average 3 Bed Area Units: Square Feet
  • Average Studio Area Units: Square Feet
  • Building Area Total: 2689.00
  • Building Area Units: Square Feet
  • Common Walls: 2+ Common Walls
  • Community Features: Suburban
  • Country: US
  • Directions: Anaheim to King Avenue
  • Garage Spaces: 3.00
  • Gross Income: 58260.00
  • Gross Scheduled Income: 54660.00
  • Insurance Expense: 1500.00
  • Laundry Equipment Own Lease: Own
  • Laundry Income: 300.00
  • Listing Agent License: 01090857
  • Listing Office License: 01090857
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Area: 7228.0000
  • Lot Size Source: Assessor
  • Lot Size Units: Square Feet
  • MLS: CRM
  • Maintenance Expense: 5563.00
  • Net Operating Income: 34927.00
  • New Taxes Expense: 8737.00
  • Number Of Buildings: 3
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Operating Expense: 17000.00
  • Other Expense Description: Estimate
  • Property Attached YN: Yes
  • Rent Control YN: Yes
  • Room Type: All Bedrooms Down
  • Sewer: Public Sewer
  • Total Expenses: 17000.00
  • Trash Expense: 1200.00
  • Water Source: Public
  • Year Built Source: Assessor
Courtesy of Capwest Real Estate, Ante Perkov

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Michael Clark
Home Team Realty

2501 W. 237th Street #C
Torrance, CA 90505
Phone: 310-920-2967
Email: mcsouthbay@yahoo.com
DRE #00425966

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