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903 Lakme Ave
Wilmington, CA 90744
Multifamily Property For Sale
·
24 Units
Investment Highlights
- 23 Unit SRO + 1 Apartment Unit
- Strong historical occupancy
- Dense Wilmington Location
- Strong day 1 income operating at a 6.85% Cap Rate & 7.88 GRM. There is rental upside potential to a 9.20% Pro-Forma Cap Rate & 6.47 Pro-Forma GRM.
- Value-add with below rents
Property Facts
| No. Units | 24 | Building Size | 5,140 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Building Class | C | Year Built | 1923 |
| Lot Size | 0.20 AC | Parking Ratio | 2.53/1,000 SF |
| Zoning | LAR3 | ||
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.20 AC |
| Building Size | 5,140 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1923 |
| Parking Ratio | 2.53/1,000 SF |
| Zoning | LAR3 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 23 | $580.00 | - |
| 2+1 | 1 | $2,000 | - |
Property Taxes
| Parcel Number | 7423-010-013 | Improvements Assessment | $676,260 |
| Land Assessment | $832,320 | Total Assessment | $1,508,580 |
Property Taxes
Parcel Number
7423-010-013
Land Assessment
$832,320
Improvements Assessment
$676,260
Total Assessment
$1,508,580
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