Wilmington, CA 90744,823 N Banning BLVD
$1,550,000
$1,650,000
6.1%
Est.Price: ?

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0.82 Acres Lot

823 N Banning BLVD Wilmington, CA 90744

Est. payment /mo
SOLD DATE : 11/25/2014

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Key Details

Sold Price $1,550,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

MLS Listing ID SB14139439

Sold Date 11/25/14

HOA Y/N No

Year Built 1924

Tax Year 2013

Lot Size 0.825 Acres

Property Description

We are proud to present this 16-unit Spanish style apartment building located on Banning BL, in the city of Wilmington. The property consists of 6 duplex and 1 quadruple x property is well maintained in a great rental market located slightly north of Anaheim Street, with easy access to Pacific Coast Highway, and the 710 and 110 freeways. The property is centrally located to an abundance of employment supplied by the bustling Long Beach and Los Angeles ports. This single-story apartment building presents an investor with the opportunity to invest their capital in a strong rental market with high employment demographics, while at the same time hedging their capital against the growth of inflation in today's ever-changing economic climate.

Location

State CA

County Los Angeles

Area 196 - East Wilmington

Interior

Heating Gravity

Fireplace No

Exterior

Parking Features Door-Single, Garage

Garage Spaces 16.0

Garage Description 16.0

Pool None

Community Features Suburban

Utilities Available Sewer Available

View Y/N Yes

View Neighborhood

Roof Type Composition

Total Parking Spaces 16

Private Pool No

Building

Lot Description 6-10 Units/Acre

Story 1

Entry Level One

Foundation Block

Water Public

Architectural Style Spanish

Level or Stories One

Others

Senior Community No

Tax ID 7423016012

Security Features Smoke Detector(s)

Acceptable Financing Submit

Listing Terms Submit

Financing Contract

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Olga Wright • Re/Max Commercial & Investment
Bought with Brad Ammann • Residential Investments

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Andy Cleaves

Broker Associate | License ID: 01383386

+1(951) 732-7122

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