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130 E Opp Street

Wilmington, CA 90744
  • $1,799,000
  • STATUS: Active
  • ON SITE: 14 Days
  • ID#: 22219993
UPDATED: 33 min ago
$1,799,000
  • 8
    BEDS
  • 0.25
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,509
    SQFT
  • $399
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1930
County:

School Ratings & Info

Listing Agent(s): Mijeong Kim of Max Mega Group (323-692-9900)


Description

Sublime balance of both the present and the future. Supreme opportunity for both investors and developers alike. Prime rental income property with great current income as well as loads of additional potential. Rent is all current and the property is super easy to manage, thanks to friendly and cooperative tenants. Present revenue is very good, especially from the two beautifully remodeled units as of 2022, but further bolstered by the fact that there is still much rental upside and also the vast potential to build additional units; two units for sure can be built and four units are a possibility. This gold mine can be turned into a jumbo 10-unit residential complex. 130 E Opp St truly is a best-of-both-worlds: a stable property with great current income that also oozes undeniable developmental value. High rental demand in the area is just the cherry-on-top.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-12-07T15:32:04.507. 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/134966947
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130 E Opp Street Wilmington, CA 90744

  • Price: $1,799,000
  • Status: Active
  • On Site: 14 Days
  • Updated: 33 min ago
  • ID#: 22219993
8
Beds
0
Baths
0
½ Baths
0.25
Acres
4,509
SQFT
$399
$/SQFT
1930
Built
Neighborhood:
196 - East Wilmington
County:
Los Angeles
Area:
196 - East Wilmington
Property Description
Sublime balance of both the present and the future. Supreme opportunity for both investors and developers alike. Prime rental income property with great current income as well as loads of additional potential. Rent is all current and the property is super easy to manage, thanks to friendly and cooperative tenants. Present revenue is very good, especially from the two beautifully remodeled units as of 2022, but further bolstered by the fact that there is still much rental upside and also the vast potential to build additional units; two units for sure can be built and four units are a possibility. This gold mine can be turned into a jumbo 10-unit residential complex. 130 E Opp St truly is a best-of-both-worlds: a stable property with great current income that also oozes undeniable developmental value. High rental demand in the area is just the cherry-on-top.
Exterior Features

Parking Features GarageOne Space Parking Total 0

Interior Features

Heating Wall Furnace Heating YN Yes

Property Features

Association YN No Cap Rate 4.27 Garage YN Yes Gross Income 113964 Listing Agreement Exclusive Right To Sell Listing Service Limited Service Net Operating Income 76804 New Construction YN No Senior Community YN No Special Listing Conditions Standard Tenant Pays ElectricityGas Zoning Lar3



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-12-07T15:32:04.507. 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.
 
https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_2_370623530-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_2_370623530-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_2_370623530-1.jpg
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Beach City Brokers | BCB Premier Estates | The Miller Group
1716 South Catalina Avenue
Redondo Beach CA, 90277
Listing Agent(s): Mijeong Kim of Max Mega Group (323-692-9900)