Wilmington, CA 90744,504 W L ST
Wilmington, CA 90744,504 W L ST
Wilmington, CA 90744,504 W L ST
$1,050,000
Est. payment /mo
$1,161,000
9.6%
Est.Price: ?

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7,026 Sqft Lot
SOLD DATE : 01/19/2024

Key Details

Sold Price $1,050,000

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Sold

Purchase Type For Sale

MLS Listing ID OC23131929

Sold Date 01/19/24

HOA Y/N No

Year Built 1953

Lot Size 7,026 Sqft

Property Description

MOTIVATED SELLER! Are you in search of a meticulously cared-for investment property that can be easily managed on your own? Look no further than this fully occupied, well-maintained fourplex. This property consists of one spacious 2+1 unit and three comfortable 1+1 units, with an added bonus/office/den room in one of the 1+1 units. 2 remodeled units and bathrooms have been recently updated, giving them a touch of modernity. Each unit has its own separate meters, with the exception of water (2 tenants pay RUBS). Additionally, each unit offers its own front-fenced area, providing privacy and individuality. The end unit, featuring a generous 2/1 layout, comes with a huge front and side yard, like living in a single-family residence. In addition to a 1 car garage, there is driveway parking and an available side parking spot. Situated on a 7,025-square-foot lot in the heart of Wilmington, this fourplex presents a fantastic opportunity to secure your future in the thriving Wilmington real estate market. This property also offers the potential for additional income through the installation of a coin laundry facility. It is an ideal investment for an owner looking to manage their own rentals or a family seeking to establish a rental portfolio. Drive-by only. PLEASE do not disturb the tenants. Inspection with an accepted offer. WILL DELIVER 1 UNIT VACANT FOR OWNER OCCUPIED!

Location

State CA

County Los Angeles

Area 195 - West Wilmington

Zoning LAR1

Interior

Heating Wall Furnace

Cooling None

Fireplaces Type None

Fireplace No

Laundry None

Exterior

Garage Spaces 1.0

Garage Description 1.0

Pool None

Community Features Street Lights, Suburban, Sidewalks

Total Parking Spaces 3

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Story 1

Entry Level One

Sewer Public Sewer

Water Public

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 7420017016

Energy Description 130.0

Acceptable Financing 1031 Exchange

Listing Terms 1031 Exchange

Financing Conventional

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Billy Rosenberg • Billy Rosenberg, Broker • 949-677-0674
Bought with Michael Geluz • Legacy Realty & Investments

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High State Realty

+1(805) 490-1401

BROKER, OWNER | License ID: 02181686

BROKER, OWNER License ID: 02181686

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