$1,568,000
844 King Avenue
Wilmington, CA, 90744
Property Description
For the first time in over 20 years, this exceptional 8-unit property in Wilmington is available for sale! Situated on a generous 7,011-square-foot lot, the building comprises eight 2-bedroom, 1-bathroom units, each approximately 672 square feet, totaling 5,376 square feet of rentable living space. This property offers convenient community laundry facilities and an open parking lot for tenants, ensuring ample parking space.
Fully occupied and generating consistent rental income, each tenant pays for their own gas and electricity, while the owner covers water and trash expenses. Properties of this caliber, especially with long-standing tenant occupancy, are rare in Wilmington’s competitive market. This is a prime investment opportunity that won’t last long!
Fully occupied and generating consistent rental income, each tenant pays for their own gas and electricity, while the owner covers water and trash expenses. Properties of this caliber, especially with long-standing tenant occupancy, are rare in Wilmington’s competitive market. This is a prime investment opportunity that won’t last long!
Property Details
Price:
$1,568,000
MLS #:
TR24226690
Status:
Active
Baths:
0
Address:
844 King Avenue
Type:
Residential Income
Subtype:
Commercial/Residential
Neighborhood:
195westwilmington
City:
Wilmington
Listed Date:
Nov 7, 2024
State:
CA
ZIP:
90744
Lot Size:
7,011 sqft / 0.16 acres (approx)
Year Built:
1960
Schools
Interior
Cooling
None
Fireplace Features
None
Heating
Wall Furnace
Exterior
Community Features
Curbs
Fencing
None
Garage Spaces
0.00
Lot Features
6-10 Units/ Acre
Parking Features
None
Parking Spots
8.00
Pool Features
None
Roof
Composition
Sewer
Public Sewer
Spa Features
None
Stories Total
2
View
None
Water Source
Public
Financial
Association Fee
0.00
Tenant Pays
Electricity, Gas
Utilities
Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
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Courtesy of Berkshire Hathaway HomeServices California Properties. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than Mohr Real Estate Group include the name of the listing broker. Neither the listing company nor Mohr Real Estate Group shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved. 844 King Avenue
Wilmington, CA
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