1203 Ronan Avenue

    Wilmington, CA 90744
    • $1,200,000
    • STATUS: Active
    • ON SITE: 290 days
    • ID#: PW17281092
    UPDATED: 176 min ago
    $1,200,000
    • 0
      BEDS
    • 0.25
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,917
      SQFT
    • $306
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1923
    County:

    School Ratings & Info

    Description

    5 Units Corner Property An Excellent Investment Opportunity which consist of a 4 bedrooms and 2 bath house with own private yards and driveway,4 units that consist of 2-3 bedrooms & 1 bath, and 2-1 bedroom and 1 bath units. All units are currently occupied. each unit has separate meter for gas & electric and separate laundry per unit. Property is located in a strong rental area, a great mix units with onsite parking, across to school, conveniently located near grocery stores, gas station, shops. CAP RATE AT 5.6% AND GROSS RENT MULTIPLIER AT 13.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-10-20T00:33:36.897. 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.playavistaliving.com/homes/79649454

    1203 Ronan Avenue Wilmington, CA 90744

    • Price: $1,200,000
    • Status: Active
    • Updated: 176 min ago
    • ID#: PW17281092
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.25
    Acres
    3,917
    SQFT
    $306
    $/SQFT
    1923
    Built
    Neighborhood:
    195 - West Wilmington
    County:
    Los Angeles
    Area:
    195 - West Wilmington
    Property Description
    5 Units Corner Property An Excellent Investment Opportunity which consist of a 4 bedrooms and 2 bath house with own private yards and driveway,4 units that consist of 2-3 bedrooms & 1 bath, and 2-1 bedroom and 1 bath units. All units are currently occupied. each unit has separate meter for gas & electric and separate laundry per unit. Property is located in a strong rental area, a great mix units with onsite parking, across to school, conveniently located near grocery stores, gas station, shops. CAP RATE AT 5.6% AND GROSS RENT MULTIPLIER AT 13.
    Exterior Features

    Garage Spaces 0.00 Lot Features Corner Lot Lot Size Source Assessor Lot Size Units Square Feet Parking Total 0.00 Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 2+ Common Walls Laundry Features See Remarks Levels Multi/Split

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Cap Rate 5.60 Community Features Street Lighting Country Us Electric Expense 1000.00 Elevation Units Feet Fuel Expense 0.00 Gross Income 91980.00 Gross Multiplier 13.00 Gross Scheduled Income 91980.00 Insurance Expense 1500.00 Land Lease YN No Laundry YN Yes Net Operating Income 67180.00 New Taxes Expense 13750.00 Number Of Separate Electric Meters 5 Number Of Separate Gas Meters 5 Number Of Separate Water Meters 1 Number Of Units Leased 5 Operating Expense 24800.00 Professional Management Expense 4950.00 Property Sub Type Commercial/Residential Rent Control YN Yes Senior Community YN No Special Listing Conditions Standard Total Actual Rent 91980.00 Total Expenses 24800.00 Trash Expense 0.00 Water Sewer Expense 3600.00 Water Source Public Year Built Source Assessor Zoning Lar1

    Listing provided courtesy of Nancy Angeles of All Pro Realty Group.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-10-20T00:33:36.897. 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.
     
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