10372 Wilmington Avenue

    Los Angeles (City), CA 90002
    • $950,000
    • STATUS: Active
    • ON SITE: 10 days
    • ID#: PW20059813
    $950,000
    • 0
      BEDS
    • 0.15
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,802
      SQFT
    • $250
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1957
    County:
    Area:

    School Ratings & Info

    Description

    KW Commercial is pleased to present, on an exclusive basis, this investment opportunity to build a 6 unit apartment building in the Watts neighborhood of Los Angeles. Located a mile north of the Watts Towers, 10372- 10374 +-+ S Wilmington Ave Los Angeles Ca is also in an Opportunity Zone. This investment opportunity is located in the emerging South Los Angeles submarket. Land prices in the South LA Submarket are attractive with generous density bonuses, transit incentives and opportunities to develop affordable and mixed income workforce housing for the residents of the Los Angeles Area. South LA and South East LA were recently rezoned by the City Planning and Land use commission to drive density and create transit oriented development standards. South LA is an area with tremendous opportunity for growth. This is an opportunity to purchase a stabilized apartment building, in an opportunity zone in South Los Angeles. Great investment opportunity to purchase 6 units of multifamily property, located in a Qualified Opportunity Zone.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-04-06T00:27:53.273. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Beach City Brokers | BCB Premier Estates | The Miller Group. Licensed in the State of California, USA.

    www.tolivebythesea.com/homes/104545771

    10372 Wilmington Avenue Los Angeles (City), CA 90002

    • Price: $950,000
    • Status: Active
    • ID#: PW20059813
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.15
    Acres
    3,802
    SQFT
    $250
    $/SQFT
    1957
    Built
    Neighborhood:
    WATT - Watts
    County:
    Los Angeles
    Area:
    WATT - Watts
    Property Description
    KW Commercial is pleased to present, on an exclusive basis, this investment opportunity to build a 6 unit apartment building in the Watts neighborhood of Los Angeles. Located a mile north of the Watts Towers, 10372- 10374 +-+ S Wilmington Ave Los Angeles Ca is also in an Opportunity Zone. This investment opportunity is located in the emerging South Los Angeles submarket. Land prices in the South LA Submarket are attractive with generous density bonuses, transit incentives and opportunities to develop affordable and mixed income workforce housing for the residents of the Los Angeles Area. South LA and South East LA were recently rezoned by the City Planning and Land use commission to drive density and create transit oriented development standards. South LA is an area with tremendous opportunity for growth. This is an opportunity to purchase a stabilized apartment building, in an opportunity zone in South Los Angeles. Great investment opportunity to purchase 6 units of multifamily property, located in a Qualified Opportunity Zone.
    Exterior Features

    Architectural Style Contemporary Construction Materials Drywall Walls Fence YN Yes Fencing Wrought Iron Foundation Details Combination Garage Spaces 0.00 Lot Features 16-20 Units/AcreNear Public Transit Lot Size Source Assessor Lot Size Units Square Feet Parking Features DrivewayConcrete Parking Total 6.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Appliances Electric RangeGas & Electric RangeGas RangeInstant Hot WaterRange HoodRefrigeratorTankless Water HeaterWater Heater Appliances YN Yes Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 2+ Common Walls Fireplace Features Family Room Fireplace YN Yes Flooring LaminateTileVinyl Heating Wall FurnaceHigh EfficiencyFireplace(S) Heating YN Yes Interior Features Formica CountersFurnishedPantryRecessed Lighting Laundry Features Gas Dryer HookupInside Levels Two Room Type Family RoomJack & JillLiving RoomWalk-In Closet

    Property Features

    Accessibility Features 2+ Access Exits32 Inch Or More Wide Doors36 Inch Or More Wide HallsDoors - Swing InParking Additional Parcels YN No Building Area Units Square Feet Cap Rate 6.00 Community Features Urban Country Us Electric 220 Volts in Kitchen Electric Expense 4800.00 Elevation Units Feet Fuel Expense 3600.00 Garage Income 0.00 Garage Rental Rate 0.00 Gross Income 87168.00 Gross Multiplier 11.00 Gross Operating Income 87168.00 Gross Scheduled Income 87168.00 Insurance Expense 2000.00 Land Lease YN No Laundry Income 0.00 Laundry YN Yes Net Operating Income 61531.00 New Construction YN No New Taxes Expense 11300.00 Number Of Separate Electric Meters 6 Number Of Separate Gas Meters 5 Number Of Separate Water Meters 5 Number Of Units Leased 6 Number With Range 6 Number With Refrigerator 6 Operating Expense 22150.00 Operating Expense Percent 25.00 Professional Management Expense 0.00 Property Condition Updated/Remodeled Rent Control YN Yes Security Features Security LightsSmoke Detector(S)Window Bars Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays Cable TvGas Total Expenses 25300.00 Trash Expense 1200.00 Utilities Electricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected Vacancy Allowance Rate 0.00 Water Sewer Expense 2400.00 Water Source Public Year Built Source Assessor Zoning Lac2

    Listing provided courtesy of Steven Richardson of Keller Williams Pacific Estate


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-04-06T00:27:53.273. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Beach City Brokers | BCB Premier Estates | The Miller Group. Licensed in the State of California, USA.

     
    Beach City Brokers | BCB Premier Estates | The Miller Group
    1716 South Catalina Avenue
    Redondo Beach CA, 90277