Listed By:
Jeff Cossio with Grand Avenue Realty & Lending; 714-392-5803
Address
1305 E O Street, Wilmington, CA
Price
$ 680,000
Property Attributes
  • MLS#PW23093607
  • TypeMulti-Family
  • CountyLOS ANGELES
  • CityWilmington
  • AreaEast Wilmington
  • Zip90744
  • StyleDuplex
  • Price$ 680,000
  • Bedrooms4
  • Full Bathrooms2
  • Half Bathrooms0
  • Sqr Footage1523
  • Lot Size0.1151 Acres
Data Source:
California Regional MLS (CRMLS)
Property Description

A duplex in the city of Wilmington is a great investment property with tenants already in place with some upside. Each units has two bedrooms and one bathroom, as well as its own laundry facilities. The property also features a detached garage for each tenant for storage which can be accessed at the rear from the alley. The property is beside a small park, close to schools and major freeways.

Price History
5/29/2023 Listed $680,000

General Features

Interior Features AllBedroomsDown
Sewer PublicSewer
Possession CloseOfEscrow
Roof Shingle
Zoning LAR1
HOA 0.0
Garage Spaces 2.0
Pool Features None
Year Built 1948
View None
Stories 1
Levels One
Property SubType Duplex
Gross Income 33855.0
Community Features Curbs,Park,StreetLights,Sidewalks
County Los Angeles
Net Operating Income 30333.0
Operating Expense 5132.0
Insurance Expense 1610.0
New Construction No
Property Type ResidentialIncome
HOA / Comm Assn No
Attached Garage No
Contingency 1031 exchange at no cost to the buyer; seller has identified a replacement property - property is being sold occupied and seller will not evict.
Garage Y/N Yes
Special Listing Conditions Standard
Status Active
Directions Off 710 S,ext PCH,R on Watson and R on O st
City Wilmington
Entry Location steps
View Y/N No
Senior Community Y/N No
NumberOfUnitsTotal 2
MLS Area 196 - East Wilmington
Lot Size Units SquareFeet
Lot Size Square Feet 5015.0
Private Pool No
Waterfront Y/N No
Carport Y/N No
Number of Units Leased 2
Listing Terms Item1031Exchange
Spa Features None
Property Attached Y/N Yes
Land Lease Y/N No
Electric Expense 0.0
Home Warranty Y/N No
Current Financing Conventional
Trash Expense 0.0
Water Sewer Expense 3522.0
Ok to Lease MonthToMonth
Lease Renewal Y/N No
Additional Parcels Y/N No
Lease Considered Y/N No
Rent Control Y/N Yes
Days on Market 363
Building Area Units SquareFeet
Standard Status Active
Year Built Source Assessor
Tax Lot 155
Total Actual Rent 33840.0
Property Sub Type Additional Duplex
Taxes 8500.0
Cap Rate 4.0
MobileHomeRemainsYN No

Interior Features

Total Stories 1
Common Walls Item1CommonWall
Basement (Y/N) No
Air Conditioning Y/N No
Heating Y/N No
Fireplace Y/N No
Laundry Features InKitchen
Entry Level 1
Electric On Property Y/N No

Exterior Features

Parking Features Garage,GarageFacesRear
Lot Features FrontYard
Water Source Public
Total Parking 2.0
Lot Size Area 5015.0
Number of Buildings 1
Spa No
Building Area Total 1523.0
Lot Size Acres 0.1151
Lot Size Source Assessor
Number of Separate Water Meters 2
Number of Separate Gas Meters 2
Number of Separate Electric Meters 1
Crops Included Y/N No
Open Parking Y/N No
Horse Y/N No
Irrigation Water Rights Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 90744

Price
AVG $930K
$680K
Visits
AVG 184
527
Data Provided by Inside Real Estate®
Year Built
AVG 1941
1948

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