10 Units - 31 Bedrooms/35 Baths 906 Lakme ave 10 Unit Apartment Building $5,095,000 ($509,500/Unit) 6.32% Cap Rate Wilmington, CA 90744

31 bedrooms/ 35 bath APARTMENT, TOWNHOUSE STYLE!!! WOW New Construction apartment building near the Port of Los Angeles in the final stages of construction! This property sits in the heart of Wilmington and bordered line with San Pedro and Harbor City. Conveniently close to major transits, this property is close to the 110 FWY, PCH, 47 HWY, and 710 FWY. Investors get to enjoy a nice cash flow off this asset with a pro-forma of $422,800 in annual gross rents. Amazing est. 6.% CAP rate and a 12X GRM. Property has total of 31 bedrooms and 35 baths (all en-suites). The unit breakdown consists of: 7 units that 4/4, 1 unit that is 3/3, and 2 units that are 1/1s. This asset has all the modern touches in today’s market such as laminate flooring recessed lighting, central AC and heating, washroom, PAID OFF solar systems, and very low expenses for landlords. All units have separate utilities including water meters. Near retailers include Food-4-Less, El Super, Famous Isaac's Cafe, Mc Donals, WSS and many more. Come check it out before is gone!