821 Flint Avenue

    Wilmington, CA 90744
    • $1,900,000
    • STATUS: Active
    • ON SITE: 205 days
    • ID#: 18299188
    $1,900,000
    • 0
      BEDS
    • 0.31
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 7,386
      SQFT
    • $257
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1924
    County:

    School Ratings & Info

    Description

    We are pleased to offer for sale this 27 Unit SRO (single room occupancy) building centrally located in Wilmington with easy access to the Port of LA & Long Beach and Downtown San Pedro. The SRO consists of eight Singles on the first floor and 18 rooms + manager's unit on the second floor with community baths. Only $50,000/door for SRO and $550,000 for land parcels. Upside in rents. SRO sits on approximately 4,500 sqft lot, with abutting parcel on 818 Sanford Ave totaling about 9,000 sqft of land primed for future development. Adjoining parcel currently being used as parking lot for SRO building. Lots of potential with the land parcel behind. Buyer to do own investigation with city of LA with regards to zoning. Please do not disturb or speak with tenants under any circumstances.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-08-16T00:28:38.52. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
    www.playavistaliving.com/homes/80153160

    821 Flint Avenue Wilmington, CA 90744

    • Price: $1,900,000
    • Status: Active
    • ID#: 18299188
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.31
    Acres
    7,386
    SQFT
    $257
    $/SQFT
    1924
    Built
    Neighborhood:
    196 - East Wilmington
    County:
    Los Angeles
    Area:
    196 - East Wilmington
    Property Description
    We are pleased to offer for sale this 27 Unit SRO (single room occupancy) building centrally located in Wilmington with easy access to the Port of LA & Long Beach and Downtown San Pedro. The SRO consists of eight Singles on the first floor and 18 rooms + manager's unit on the second floor with community baths. Only $50,000/door for SRO and $550,000 for land parcels. Upside in rents. SRO sits on approximately 4,500 sqft lot, with abutting parcel on 818 Sanford Ave totaling about 9,000 sqft of land primed for future development. Adjoining parcel currently being used as parking lot for SRO building. Lots of potential with the land parcel behind. Buyer to do own investigation with city of LA with regards to zoning. Please do not disturb or speak with tenants under any circumstances.
    Exterior Features

    Lot Size Units Square Feet

    Interior Features

    Cooling See Remarks Cooling YN Yes Laundry Features See Remarks

    Property Features

    Cap Rate 5.70 Garage Income 4080.00 Gross Multiplier 12.20 Gross Operating Income 155850.00 Improvements Amount 85320 Land Value 39264 Laundry YN Yes Net Operating Income 107.00 Special Listing Conditions Standard Total Expenses 48249.00 Zoning Lamr2

    Listing provided courtesy of Daniel Shamooelian of Brc Advisors.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-08-16T00:28:38.52. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
     
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    7101 Playa Vista Dr.
    Playa Vista CA, 90094