1036 Watson St., Wilmington, CA 90744 - DW21097225 - iPro Real Estate
iPro Real Estate

iPro Real Estate

1036 Watson St.
Wilmington, CA 90744

Expired, Multi-Family/Income Sale

For Sale

$1,200,000 $199.57 per sqft

Free Professional CMA

Listing ID : CRDW21097225

  • Lot Size

    6,013 Sqft
  • Year

    2021

Description

BRAND NEW CONSTRUCTION 100% LEASED BRINGING IN $7,300 A MONTH!!!!!!! Check out this brand duplex in the city of Wilmington, two single family residences consisting of two 5 bedroom, 3 bath each unit on an OPPORTUNITY ZONE. This property is conveniently located only minutes away from the recreational beach areas and commercial centers of Long Beach, Carson, Harbor City, Lomita, San Pedro, and to the Port of Los Angeles, also known as "America's port" (10 minutes away). The Port of LA is considered the nation's #1 container port and supports employment for approximately 530,000 people. Investors get to enjoy a nice cashflow off this home with ACTUAL rent figures that total $87,600 of annual gross rent. Amazing 5.6+% CAP rate and 13.6X GRM. Drought resistant landscaping and individually metered units minimize operating expenses and investor/owner time burden. The current tenants will be paying for all expenses including trash, water, electricity, and gas. This duplex has total of 10 bedrooms, 6 baths and 5 parking spaces. This new construction development has all the modern touches for today's market such as laminate flooring, recessed lighting, backsplash and quartz countertops in kitchen, central AC, washroom, and many more features making it the one of th

Details

Type: Multi-Family/Income Sale 
Subdivision: 699 - Not Defined 
County: Los Angeles 
Tax ID: 7425033004
Gross Rent Multiplier: 14.40 
Access Features: Other, Parking 
Flooring: Laminate 
Foundation: Raised 
Laundry: In Laundry Room 
Number of Buildings: 2 
Number of Units: 2 
Parking Spaces: 5 
Property Type: Commercial Sale 
Roof: Shingle 
Sewer: TBD 
Sub Type: Duplex 
View: None 
Water: Other 

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Interactive

33.78471 -118.24749 $1,200,000 DW21097225
1036 Watson St., Wilmington, CA 90744
Directions to here from:

Area Information 90744

Population:

54,412 Up .02% since 2010
Average Income:
$66,119
Average Age:
30Years
Gender:
51.13%Male
48.87%Female
Households:
14,00451.03% with children
Average Value:
$587,018
Occupancy:
37.34%Owned
62.66%Rented
5.09%Vacant
Education:
30.47%High School
5.28%Associate
6.56%Bachelor
1.13%Graduate
Average Residency:
19Years
Crime Rate:
Average
Annual Rainfall:
13.21Inches
Earthquake Risk:
Very High
Hurricane Risk:
Very Low
Ozone Risk:
Average
Pollution Risk:
Average
Tornado Risk:
Below Average

History

Date Transaction Price Mortgage Amt & Lender
Date
Jun 14, 2021
Transaction
Expired - Residential Income (2-4 units)CRDW21097225
Price
$1,200,000
Mortgage Amt & Lender
- -
Date
Feb 21, 2021
Transaction
Expired - Residential Income (2-4 units)CRDW20216123
Price
$1,250,000
Mortgage Amt & Lender
- -

Mortgage Calculator

Listed by Daniel Terrazas with VIP Real Estate Firm

Based on information from the MLSListings MLS) as of 6/26/2022. 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.

The data relating to real estate for sale on this display comes in part from the Internet Data Exchange program of the MLSListingsTM MLS system. Real estate listings held by brokerage firms other than iPro Real Estate are marked with the Internet Data Exchange icon (a stylized house inside a circle) and detailed information about them includes the names of the listing brokers and listing agents. Based on information from the MLSListings MLS) as of 6/26/2022. 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. ©2022 MLSListings Inc. All rights reserved. Data updated approximately every 30 minutes