815 W G Street new Save Request In-Person Tour Request Virtual Tour
Wilmington,CA 90744
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID DW25264305
Bedrooms 8
Lot Size 4,815 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
New modern South Bay living near the Port of Los Angeles! This property sits in the heart of Wilmington and bordered line with San Pedro and Harbor City. Conveniently close to major transits, this property is couple blocks from the 110 FWY, PCH, 47 HWY, and 710 FWY (86 Walk Score). G st is perfect investors who are looking for different exit strategies or a BIG family that want to buy together. Investors get to enjoy a nice cash flow off this home with a pro-forma of $96,000 in annual gross rents. Amazing est. 5.8% CAP rate and a 13X GRM. Property has total of 8 bedrooms and 8 baths. Yes thats right, each units offers 4 bedroom and 4 baths (3 masters on each unit) which can give you an option to also rent by the room and potentially increase your cashflow, or force value by building up to 2 ADUs in the rear. FIRST TIME HOME BUYERS, don't feel discouraged. This property qualifies with FHA financing where you have the opportunity to come with a low downpayment. property has all the modern touches in todays market such as laminate flooring recessed lighting, central AC and heating, washroom, PAID OFF solar systems, and very low expenses for landlords. Both units have separate utilities including water meters. Near retailers include Food-4-Less, El Super, Famous Isaac's Cafe, Mc Donals, WSS and many more. This by far is one of the best property in the neighborhood. Come check it out before is gone!
Location
State CA
County Los Angeles
Zoning Public Rec
Interior
Cooling Central Forced Air
Exterior
View Y/N No
Building
Story 2
Others
Acceptable Financing Cash,Conventional,FHA
Listing Terms Cash,Conventional,FHA