1052 N Wilmington Boulevard, Wilmington, CA 90744
- $780,000
- List Price
- $780,000
- Status
- ACTIVE
- MLS#
- P1-28201
- Year Built
- 1956
- Lot Size
- 8,008
- Acres
- 0.18
- Lot Location
- Front Yard, Sprinklers None
- Days on Market
- 3
- Property Type
- Multifamily
- Property Sub Type
- Quadruplex
- Neighborhood
- Other
Property Description
Excellent investment opportunity to own a fourplex with multiple income streams. Each of the four units features 1 bedroom, 1 bathroom, a private yard, and washer/dryer hook ups. The interiors offer tile flooring throughout, and updated plumbing.Situated on an expansive 8,015-square-foot lot, the property includes five single-car garages plus additional off-street parking with convenient alley access. An added investment advantage is an existing commercial ground lease for an on-site advertising billboard, providing supplemental income beyond the residential rents.Ideally located within walking distance of schools, parks, shopping, and with convenient access to major freeways. Owner pays for water and insurance. With stable residential income, additional revenue from the billboard lease, ample parking, and zoned for C-1, this property presents endless possibilities.
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Additional Information
- Appliances
- Free-Standing Range
- Pool Description
- None
- Heat
- Wall Furnace
- Cooling
- Yes
- Cooling Description
- Wall/Window Unit(s)
- View
- None
- Garage Spaces Total
- 5
- Sewer
- Public Sewer
- Water
- Public
- Attached Structure
- Attached
- Gross Scheduled Income
- $52,700
- Operating Expense
- 6624
Listing courtesy of Listing Agent: Angela Liang (angelaliang@bhhscal.com) from Listing Office: BHHS California Properties.
Mortgage Calculator
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