203 W Opp St | Wilmington, CA 90744
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- LoopNet Team
203 W Opp St
Wilmington, CA 90744
Palm View Terrace · Multifamily Property For Sale
·
9 Units
INVESTMENT HIGHLIGHTS
- 50% rental upside potential
- Renovated in 2023, ensuring modern and attractive units
- Well-maintained with new roof, exterior paint, windows, light fixtures, and landscaping
- Quality investment with a current cap rate of 5.26% and a projected stabilized cap rate of 9.48%
- Drawings completed for a 2+1 ADU unit
- Attractive unit mix, catering to diverse tenant preferences
PROPERTY FACTS
| No. Units | 9 | Building Size | 6,424 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1964 |
| Building Class | C | Parking Ratio | 1.4/1,000 SF |
| Lot Size | 0.17 AC | ||
| Zoning | LARD1.5 | ||
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 6,424 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1964 |
| Parking Ratio | 1.4/1,000 SF |
| Zoning | LARD1.5 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Kitchen
- Tub/Shower
SITE AMENITIES
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 6 | $1,697 | - |
| 1+1 | 1 | $2,050 | - |
| 2+1 | 1 | $1,127 | - |
| 2+2 | 1 | $613.00 | - |
PROPERTY TAXES
| Parcel Number | 7420-023-022 | Improvements Assessment | $831,300 |
| Land Assessment | $1,020,000 | Total Assessment | $1,851,300 |
PROPERTY TAXES
Parcel Number
7420-023-022
Land Assessment
$1,020,000
Improvements Assessment
$831,300
Total Assessment
$1,851,300
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