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1144 Blinn Avenue
Wilmington, CA 90744
Residential Multi Family (Apartment)
0.27 Acres
5168 Sqft Living Area
12 Bedrooms
12 Bathrooms (12 Full, 0 Half)
Year Built: 1923
$2,000,000
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Property Description
Welcome to a prime investment opportunity in the heart of Wilmington! This fully occupied 12-unit apartment complex offers steady rental income and substantial potential for additional cash flow. All units have recently had their rents increased, ensuring maximized revenue. The value-add is seven garage spaces and a laundry room, both of which present excellent opportunities for added cash flow. Additionally, there is significant potential for expansion with the possibility of constructing new units above the garage spaces. Located in a thriving area of Wilmington, this property is close to local amenities, public transportation, and major highways, making it highly attractive to tenants. Don’t miss out on this exceptional investment opportunity with room to grow and increase your return on investment. For more information and to schedule a viewing, please contact us today.
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Contact Details
Name: Ho Chung
Email: ho@thehochung.com
MLS Listing Id: SB24138582
Agent Phone: (213) 400-0838
List Agent License: 01930250
Office Name: Realty One Group United
Office Phone: (310) 803-4900
Office MLS Id: sb1331470
Listing Status: Active
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Copyright © 2024 OpenHous, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
