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Listing Details

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School Ratings & Info

Description

We are proud to present our latest investment opportunity, 1107 West Pacific Coast Highway. Located in Wilmington, this 7 unit, workhorse property is listed at just under a 5% Cap Rate, and would be a terrific addition to any investors portfolio with projected rental upside of 25% +/-! The building is comprised of all Studio units, and features ample parking for tenants in the private back lot. The units are nicely laid out, and show well. Utilities are master-metered for gas and electricity, and there is also common area laundry provided for tenant convenience.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-16T20:32:10.51. 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 Latrice Deluna Homes | The Orion Group. Licensed in the State of California, USA.
www.findorangecountyhomelistings.com/homes/117545074
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1107 W Pacific Coast Highway Wilmington, CA 90744

  • Price: $1,150,000
  • Status: Active
  • Updated: 61 min ago
  • ID#: SB21111381
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Beds
0
Baths
0
½ Baths
0.12
Acres
1984
Built
Neighborhood:
195 - West Wilmington
County:
Los Angeles
Area:
195 - West Wilmington
Property Description
We are proud to present our latest investment opportunity, 1107 West Pacific Coast Highway. Located in Wilmington, this 7 unit, workhorse property is listed at just under a 5% Cap Rate, and would be a terrific addition to any investors portfolio with projected rental upside of 25% +/-! The building is comprised of all Studio units, and features ample parking for tenants in the private back lot. The units are nicely laid out, and show well. Utilities are master-metered for gas and electricity, and there is also common area laundry provided for tenant convenience.
Exterior Features

Lot Features Street Level Number Of Separate Electric Meters 1 Parking Total 7 Pool Features None Pool Private YN No Property Attached YN No

Interior Features

Common Walls No Common Walls

Property Features

Additional Parcels YN No Cap Rate 4.9 Common Interest None Community Features Sidewalks Electric Expense 0 Fuel Expense 0 Garage YN No Gross Income 93478 Gross Scheduled Income 93478 Insurance Expense 0 Land Lease YN No Laundry Features Common Area Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New Loan1031 Exchange Net Operating Income 56355 New Construction YN No New Taxes Expense 0 Number Of Separate Gas Meters 1 Number Of Separate Water Meters 1 Operating Expense 35853 Other Expense 35853 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Trash Expense 0 Vacancy Allowance 1870 Water Sewer Expense 0 Water Source Public Zoning Lac2

Listing provided courtesy of Josh Cohen of Keller Williams Beach Cities


Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-16T20:32:10.51. 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 Latrice Deluna Homes | The Orion Group. Licensed in the State of California, USA.
 
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Latrice Deluna Homes | The Orion Group
4533 MacArthur Blvd Ste 5074
Newport Beach CA, 92660