Sold for $2,250,000

Listed by: Premiere Estates International Real Estate • Todd Wohl • Contact: 866-568-6638

Bought with: Lyon Stahl Investment Real Estate, Inc.

$2,250,000

1421 N Wilmington Blvd, Wilmington, CA 90744

28beds

14baths

7,948sqft

Multi Family

Built in 1957

-- sqft lot

$1,303,400 Zestimate^®

$283/sqft

$2,495 Estimated rent

Home value

$1,303,400

$1.06M - $1.62M

$2,495/mo

Zestimate^® history

Owner options

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$2,495/mo

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$2,495/mo

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$14,297/mo

Est. payment

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$14,297/mo

Est. payment

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What's special

New roofs

Trust Sale. 14 Unit, fully occupied 2 building multifamily investment opportunity. RENTS ARE extremely UNDERMARKET, UPSIDE GROWTH IN RENTAL INCOME nearly $70,000 if market rents are obtained. Additional savings if buyer self manages. 1421 and 1425 are sold together. Recent improvements include new roofs, dual pane windows, paint, lighting, perimeter fencing, electrical panels, unit renovation, camera system Excellent location with easy access to the 110 freeway. Property is sold as is and seller will not make any repairs. Gross income $173,328 NOI nearly $60k.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 28
Bathrooms: 14

Heating

Wall Furnace

Cooling

None

Appliances

Laundry: Common Area

Features

Windows: ENERGY STAR Qualified Windows
Has fireplace: No
Fireplace features: None
Common walls with other units/homes: 2+ Common Walls

Interior area

Total structure area: 7,948
Total interior livable area: 7,948 sqft

Property

Parking

Total spaces: 13
Parking features: Garage
Garage spaces: 13

Features

Entry location: front
Pool features: None
Spa features: None
Has view: Yes
View description: None

Lot

Size: 0.28 Acres
Features: 0-1 Unit/Acre

Details

Additional parcels included: 7414024026
Parcel number: 7414024027
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family
Attached to another structure: Yes

Condition

New construction: No
Year built: 1957

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

Community

Features: Sidewalks, Gated
Security: Closed Circuit Camera(s), Gated Community, Window Bars

Location

Region: Wilmington

Financial & listing details

Price per square foot: $283/sqft
Date on market: 2/1/2024
Cumulative days on market: 14 days
Listing terms: Cash
Tenant pays: Electricity, Gas

Price history

Date	Event	Price
4/15/2024	Sold	$2,250,000-3.6%$283/sqft
Source: CRMLS #SB24023861 Report a problem
2/15/2024	Pending sale	$2,335,000$294/sqft
Source: CRMLS #SB24023861 Report a problem
2/2/2024	Listed for sale	$2,335,000$294/sqft
Source: CRMLS #SB24023861 Report a problem
7/30/2015	Listing removed	$1,150
Source: Owner Report a problem
7/1/2015	Listed for rent	$1,150
Source: Owner Report a problem