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526 N Fries Avenue

Wilmington, CA 90744
  • $849,999
  • STATUS: Pending
  • ON SITE: 52 Days
  • ID#: MB21192496
Pending
$849,999
  • 0
    BEDS
  • 0.14
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1951
County:

School Ratings & Info

Description

#4units on 1 Lot This #Fourplex Generates an Income of $5460 dollars per month in Rents! CAP RATE is Above 5.8% ! This dollar amount does not include the 3 % increase that is due on each unit. EXCELLENT OWNER OCCUPIED OR LONG TERM RENTAL INVESTMENT ! Property Features a 3bedroom 1bath at front and (3) 1bedroom 1 bath units with Onsite parking up to 4 cars accessed through alley. A spacious Court yard which is a "common area" separates the 2 rear units from the 3 bedroom and 1 bedroom at front . Unit #3 has New Copper Plumbing throughout, New laminate Flooring in living room and bedroom , vinyl water resistant flooring in kitchen and bathroom and New interior paint. Amenities include laundry hook ups in each unit, copper plumbing ,Parking at rear of units through alley Or for possible ADU ,shut off valve for each and Long term paying tenants making this property a stable cash flow for a Buyer looking to occupy 1 unit and rent the other 3! A skip and a hop from the #Portoflosangeles#longshoremanrentals

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Based on information from California Regional Multiple Listing Service, Inc. as of 2021-10-23T00:28:10.14. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Parsons Team | Keller Williams Realty. Licensed in the State of California, USA.
www.theparsonsrealestateteam.com/homes/120989837
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526 N Fries Avenue Wilmington, CA 90744

  • Price: $849,999
  • Status: Pending
  • ID#: MB21192496
0
Beds
0
Baths
0
½ Baths
0.14
Acres
1951
Built
Neighborhood:
195 - West Wilmington
County:
Los Angeles
Area:
195 - West Wilmington
Property Description
#4units on 1 Lot This #Fourplex Generates an Income of $5460 dollars per month in Rents! CAP RATE is Above 5.8% ! This dollar amount does not include the 3 % increase that is due on each unit. EXCELLENT OWNER OCCUPIED OR LONG TERM RENTAL INVESTMENT ! Property Features a 3bedroom 1bath at front and (3) 1bedroom 1 bath units with Onsite parking up to 4 cars accessed through alley. A spacious Court yard which is a "common area" separates the 2 rear units from the 3 bedroom and 1 bedroom at front . Unit #3 has New Copper Plumbing throughout, New laminate Flooring in living room and bedroom , vinyl water resistant flooring in kitchen and bathroom and New interior paint. Amenities include laundry hook ups in each unit, copper plumbing ,Parking at rear of units through alley Or for possible ADU ,shut off valve for each and Long term paying tenants making this property a stable cash flow for a Buyer looking to occupy 1 unit and rent the other 3! A skip and a hop from the #Portoflosangeles#longshoremanrentals
Exterior Features

Fencing Average Condition Lot Features Near Public Transit Number Of Separate Electric Meters 4 Parking Features ConcreteGatedOn SiteOff StreetPavedOne SpaceUncovered Parking Total 0 Pool Features None Pool Private YN No Property Attached YN Yes Roof Composition

Interior Features

Common Walls 2+ Common Walls Cooling Wall/Window Unit(S) Cooling YN Yes Fireplace Features None Fireplace YN No Flooring Laminate Heating Wall Furnace Heating YN Yes Interior Features Ceiling Fan(S)All Bedrooms Down

Property Features

Additional Parcels YN No Cap Rate 0.59 Common Interest None Community Features Sidewalks Contingency No Contingencies Disclosures Rent Control Electric Expense 0 Fuel Expense 0 Garage YN No Gross Income 65520 Gross Scheduled Income 65520 Insurance Expense 1100 Land Lease YN No Laundry Features Inside Levels One Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Submit Maintenance Expense 0 Net Operating Income 62148 New Construction YN No New Taxes Expense 10625 Number Of Separate Gas Meters 4 Number Of Separate Water Meters 1 Operating Expense 3372 Pest Control Expense 0 Pool Expense 0 Possession Negotiable Property Sub Type Quadruplex Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Supplies Expense 0 Tenant Pays All Utilities Trash Expense 0 Vacancy Allowance Rate 0 Water Sewer Expense 3372 Water Source Public Zoning Lard1.5

Listing provided courtesy of Josie San Lucas of Century 21 Realty Masters


Based on information from California Regional Multiple Listing Service, Inc. as of 2021-10-23T00:28:10.14. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Parsons Team | Keller Williams Realty. Licensed in the State of California, USA.
 
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The Parsons Team | Keller Williams Realty
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Pasadena CA, 91101