1242 Wilmington Boulevard

Wilmington, CA 90744

$900,000
Last Sold Price
8
Beds
8
Baths
3,840 Sq. Ft.
$234 / Sq. Ft.
3,840
Sq. Ft.
$234
per Sq. Ft.

Description

We are proud to present this 4-unit property in Wilmington, CA. The property is comprised of 4 Townhouse Style-Units (2bed/1.5bath) Two-Level Units. Units are large with separate washer/dryer hook-ups and parking in the rear. This value-add opportunity 63% upside in rental income. Adjacent to the Wilmington waterfront development in the Port of Los Angeles. Located just a few blocks east of Harbor Park Golf Course & Los Angeles Harbor College. The property is located on Wilmington Blvd a major artery...We are proud to present this 4-unit property in Wilmington, CA. The property is comprised of 4 Townhouse Style-Units (2bed/1.5bath) Two-Level Units. Units are large with separate washer/dryer hook-ups and parking in the rear. This value-add opportunity 63% upside in rental income. Adjacent to the Wilmington waterfront development in the Port of Los Angeles. Located just a few blocks east of Harbor Park Golf Course & Los Angeles Harbor College. The property is located on Wilmington Blvd a major artery in the City of Wilmington.
  1. Listed by Nabil Awada • DRE #02046840 • Brokerage DRE #01469842 • Matthews Real Estate Investment Services

Property Details for 1242 Wilmington Boulevard

Zoning
LAC1.5
Parcel Number
7415012040
Total Units
4.0
Living Area
3840
Source Living Area
Vendor Enhanced
Area
West Wilmington (195)
Vacancy Rate
0
Lot Size Area
6784

Location

Listing Courtesy of Matthews Real Estate Investment Services, Nabil Awada, DRE #02046840

Sold By Lyon Stahl Investment Real Estate, Inc., Olga Wright, DRE #01315042

Add your commute
LISTING UPDATED: 03/09/2022 04:44 PM

Property Details for 1242 Wilmington Boulevard

StatusSold
MLS #21-107591
Days on Market14
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1963
Lot Size0.16 AC / 6,784 SF
CountyLos Angeles County

Location

Listing Courtesy of Matthews Real Estate Investment Services, Nabil Awada, DRE #02046840

Sold By Lyon Stahl Investment Real Estate, Inc., Olga Wright, DRE #01315042

Add your commute

Building Information for 1242 Wilmington Boulevard

Stories2Residences-Year Built1963Building Size-Lot Size0.16 AC / 6,784 SF

Payment Calculator

$5,884 per month

30 year fixed, 7.25% Interest

Principal and Interest

$4,912

Property Taxes

$972

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1242 Wilmington Boulevard

Community / Development
Community / Development
  • Number Of Units: 4
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Standard
Contract Info
Contract Info
  • Financing: New, Cash
  • Disclosures: As Is
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $54,509
  • Net Operating Income: $32,942.00
  • Gross Income: $54,509
  • Gross Rent Multiplier: $18.35
  • Actual Annual Gross Rent: $54,336.00
  • Total Annual Expense: 21567
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1557
  • Lot Size Square Feet: 6784
Parking Details
Parking Details
  • Parking Garage: Driveway, Parking Space
  • Total Parking: 5
  • Open Other Spaces Total: 5
  • Parking Features: Driveway, Parking Space
Interior Features
Interior Features
  • Cooling Type: Other
  • Heating Type: Other
  • Equipment: Other
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 11-23-2021
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $1,145.00
  • Unit Actual Rent: $1,145.00
  • Unit Projected Rent: $1,850.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $1,434.00
  • Unit Actual Rent: $1,434.00
  • Unit Projected Rent: $1,850.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $875.00
  • Unit Actual Rent: $875.00
  • Unit Projected Rent: $1,850.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $1,073.00
  • Unit Actual Rent: $1,073.00
  • Unit Projected Rent: $1,850.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $162,364.00
  • Assessed Improvement Percent: 30.0
  • Assessed Land Value: $378,850.00
  • Assessed Land Percent: 70
  • Assessed Total Value: $541,214.00

Property History for 1242 Wilmington Boulevard

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1242 Wilmington Boulevard

Taxable ValueLand$561,000Additions$357,000Total$918,000
Tax Record2023$11,662 ($972 / month)
Home Facts
Total Finished SqFt3,840 SqFtAbove Grade Finished SqFt3,840 SqFtLot Size6,784 SqFtStyleQuadraplexYear Built1963ZoningLAC1.5CountyLOS ANGELESAPN7415-012-040

Schools near 1242 Wilmington Boulevard

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 7 to 12
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Gulf Avenue Elementary School
PublicK to 5

Phineas Banning Senior High School
Public9 to 12

Harbor Teacher Preparation Academy
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Listing Courtesy of Matthews Real Estate Investment Services, Nabil Awada, DRE #02046840

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.