Sold
1160 Watson Avenue
Wilmington CA, 90744
$1,350,000
$315.79 per sqft
Sold
4,275 sqft
Residential
Built in 1924
Listed by Martin Gonzalez with Realty Executives All Cities 562-925-1111
Excellent Long Term Investment Opportunity with a great upside for an investor looking to increase the value, 9 Separate small homes located near the port of Los Angeles, This unique set up of small separate homes located next to a park, This property has very low expenses because each home has its separate water meter, gas meter, and electrical meter, These buildings are located in the 90744 zip code near the new Harbor redevelopment project and is offered at only $161k per unit. This property is the ideal opportunity for any investor looking for an upside cash flow with room to grow the monthly income by over 45% or more. The unit mix is 9 Separate homes all are (9) 1-Bed/1-Bath all with their own separate small yard. The property sits on a 15,241 SqFt lot and has 4,275 SqFt of rentable space. The Harbor development project, the port of Los Angeles, and is located in one of the most densely populated markets in the county, is a great long-term investment with huge upside potential.
RS22105924
MLSⓇ ID
May 25, 2022
Listed
March 23, 2024
Updated
Map
1160 Watson Avenue
Wilmington CA, 90744
Interior Features
Total Stories
1
Laundry Description
See Remarks
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.35 Acres
Lot Features
0-1 Unit/Acre
Sewer
Public Sewer
Other Property Details
Area Name
196 - East Wilmington
Days on Market
47
Garage
No
Parking Total
0
View
No
County
Los Angeles
Water Source
Public
Pool
No
Pool Features
None
Zoning
LAR2
Buyer Agency Compensation
2%
Listing Contact: 562-925-1111
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 3/23/2024. 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, the 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. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
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Data last updated on 3/23/2024 at 1:45 AM UTC