823 Lagoon Avenue, Wilmington, CA 90744
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Listed Price :
$1,895,000
-
Beds :
N/A
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Baths :
N/A
-
Property Size :
N/A sqft
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Year Built :
1965
Property Description
SELLER WILL ENTERTAIN ALL OFFERS. Tremendous upside with a potential for the addition of a two bedroom (App. 760SF) ADU to rear garages, with plans and architectural drawing (see photos). Impressive offering actual CAP Rate of 5.25% / Introducing The Lagoon Flats, an impressive two-story, seven-unit multifamily investment property situated at 823 Lagoon Ave, Wilmington, CA. This charming garden-style apartment building boasts an attractive exterior, encompassing approximately 5,301 square feet within a 7,512 square foot lot, and holds the LARD1.5 zoning designation. Originally constructed in 1965, The Lagoon Flats underwent a tasteful renovation in 2023, featuring remodeled interior units, a new roof, windows, and drought-tolerant landscaping. The unit composition consists of four one-bedroom/one-bath units, one two bedroom/ two-bath unit, and two two-bedroom/one and
Interior Features
| Bedroom Information |
| Bedrooms |
N/A |
| Bathroom Information |
| Bathrooms |
N/A |
Listing Information
| Address |
823 Lagoon Avenue |
| City |
Wilmington |
| State |
CA |
| Zip |
90744 |
| County |
Los Angeles |
| Listing Agent |
ALBERT LE DRE #01468313 |
| Courtesy Of |
LE INVESTMENT GROUP |
| List Price |
$1,895,000 |
| Status |
Active |
| Type |
Residential Income |
| Subtype |
Apartment |
| Structure Size |
N/A |
| Lot Size |
7,514 |
| Year Built |
1965 |
Listing information courtesy of: ALBERT LE, LE INVESTMENT GROUP. *Based on information from the Association of REALTORS/Multiple Listing as of Apr 18th, 2024 at 2:13 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
