$1,340,000
$1,485,000
9.8%For more information regarding the value of a property, please contact us for a free consultation.
5,860 SqFt
SOLD DATE : 10/07/2022
Key Details
Sold Price $1,340,000
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Square Footage 5,860 sqft
Price per Sqft $228
MLS Listing ID SB22171726
Sold Date 10/07/22
HOA Y/N No
Year Built 1964
Lot Size 9,086 Sqft
Acres 0.2086
Property Description
715 King Avenue is a terrific 9 unit investment property featuring tremendous upside potential of about 80% +/-! The units are a mix of One 2 Bedroom unit and Eight 1 Bedroom units. The grounds have garage parking at the front of the property, and more surface parking at the rear. There is also onsite laundry available (leased) and the units are all individually metered. Wilmington has always been a strong rental market, with terrific access to Long Beach, San Pedro, and the rest of the South Bay! The Port of Los Angeles also provided thousands of stable jobs in the immediate vicinity, helping to maintain Wilmington's reputation as a stable investment market.
Location
State CA
County Los Angeles
Area 195 - West Wilmington
Zoning LARD1.5
Rooms
Ensuite Laundry Common Area
Interior
Laundry Location Common Area
Fireplace No
Laundry Common Area
Exterior
Pool None
Community Features Curbs
Total Parking Spaces 9
Private Pool No
Building
Lot Description Rectangular Lot
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 7416012036
Acceptable Financing Cash, Cash to New Loan, 1031 Exchange
Listing Terms Cash, Cash to New Loan, 1031 Exchange
Financing Cash to Loan
Special Listing Condition Standard
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Bought with Josh Cohen • Keller Williams Beach Cities
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "