718 Mcdonald Avenue

    Wilmington, CA 90744
    • $1,199,999
    • STATUS: Active
    • ON SITE: 181 days
    • ID#: CV18292081
    UPDATED: 19 min ago
    $1,199,999
    • 0
      BEDS
    • 0.14
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,416
      SQFT
    • $272
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1982
    County:

    School Ratings & Info

    Description

    Rare gem well situated in densely populated rental area of Wilmington. Located in an LA County Opportunity Zone, which could establish eligibility for significant investor tax benefits. A turnkey asset with local appeal, this 5 unit building has legitimate upside potential, with current rents 20% below market rate. Centrally located near Harbor Park Golf Course & Port of Los Angeles. Walking distance to Avalon retail shops, neighborhood schools and transportation. Resident and guest parking with 2-car attached garage. All doors are month-to-month rentals. Excellent income producer! This is an exceptional property to hold or to market.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-06-15T19:37:31.283. 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. Licensed in the State of California, USA.
    www.themarellygroup.com/homes/90103603

    718 Mcdonald Avenue Wilmington, CA 90744

    • Price: $1,199,999
    • Status: Active
    • Updated: 19 min ago
    • ID#: CV18292081
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.14
    Acres
    4,416
    SQFT
    $272
    $/SQFT
    1982
    Built
    Neighborhood:
    195 - West Wilmington
    County:
    Los Angeles
    Area:
    195 - West Wilmington
    Property Description
    Rare gem well situated in densely populated rental area of Wilmington. Located in an LA County Opportunity Zone, which could establish eligibility for significant investor tax benefits. A turnkey asset with local appeal, this 5 unit building has legitimate upside potential, with current rents 20% below market rate. Centrally located near Harbor Park Golf Course & Port of Los Angeles. Walking distance to Avalon retail shops, neighborhood schools and transportation. Resident and guest parking with 2-car attached garage. All doors are month-to-month rentals. Excellent income producer! This is an exceptional property to hold or to market.
    Exterior Features

    Carport Spaces 1.00 Construction Materials Drywall WallsStucco Fence YN Yes Fencing BlockChain Link Lot Features 0-1 Unit/AcreFront YardLawn Lot Size Source Assessor Lot Size Units Square Feet Parking Total 5.00 Roof Composition

    Interior Features

    Condo Area Units Square Feet Heating Forced Air Heating YN Yes Laundry Features Community

    Property Features

    Accounting Type Actual Additional Parcels YN No Asset Class Multi-Family Building Area Units Square Feet Building Status Existing Cap Rate 4.00 Country Us Effective Gross 64980 Electric 220 Volts in Kitchen Electric Expense 780.00 Expense Year 2017 Gross Scheduled Income 64980.00 Insurance Expense 1200.00 Land Use Multi-Family Laundry YN Yes Leasable Area Units Square Feet Lease Considered YN No Maintenance Expense 1200.00 Max Total Area Units Square Feet Min Total Area Units Square Feet Net Operating Income 51752.00 Number Of Units Leased 5 Occupancy Occupied Operating Expense 13228.00 Property Sub Type Multi Family Real Estate Tax Expense 5752.00 Residential Square Footage 4416 Special Listing Conditions Standard Tax Annual Amount 5752.00 Tax Year 2017 Total Expenses 13228.00 Total Monthly Rent 5115 Trash Expense 2675.00 Utilities Phone ConnectedSewer ConnectedWater Connected Vacancy Allowance 0 Water Sewer Expense 2100.00 Water Source Public Year Built Source Assessor

    Listing provided courtesy of Ilona Hodge of Exp Realty Of California Inc


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-06-15T19:37:31.283. 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. Licensed in the State of California, USA.
     
    The Marelly Group | Compass
    5256 South Mission Rd, Suite 1006
    Bonsall CA, 92003