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1020 Broad Ave
Wilmington, CA 90744
Multifamily Property For Sale
·
8 Units
Investment Highlights
- Value-Add Opportunity With Massive Upside Potential: Eight-unit apartment building with 71 percent rental upside
- Significant Improvements Already Completed: Newer roof and water heater, 2 units remodeled, 2nd floor walkway SB721 compliant
- Desirable Floor Plans: All two-bedroom/one-bath units
- Redeveloping Coastal Rental Submarket: Substantial public investment has been made to improve the L.A. waterfront in Wilmington
Property Facts
| No. Units | 8 | Building Size | 6,480 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1958 |
| Building Class | C | Parking Ratio | 1.23/1,000 SF |
| Lot Size | 0.19 AC | ||
| Zoning | RD3, Los Angeles | ||
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.19 AC |
| Building Size | 6,480 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1958 |
| Parking Ratio | 1.23/1,000 SF |
| Zoning | RD3, Los Angeles |
Amenities
Site Amenities
- Fenced Lot
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 8 | $1,570 | 810 |
Property Taxes
| Parcel Number | 7423-009-009 | Improvements Assessment | $491,960 |
| Land Assessment | $683,285 | Total Assessment | $1,175,245 |
Property Taxes
Parcel Number
7423-009-009
Land Assessment
$683,285
Improvements Assessment
$491,960
Total Assessment
$1,175,245
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