324 W Opp Street

  • Wilmington

  • $1,355,000
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Residential Income Details

Description
The subject property was constructed in 1923 on an 8,192-square foot lot and has copper plumbing and updated electrical, as well as new exterior paint. It offers six studio and four one-bedroom units that are separately metered for gas and electricity and feature electric heaters. In addition to gas and electricity, tenants are also responsible for trash expenses. The property is located west of Avalon Boulevard and three blocks north of Anaheim Street. This area is an extremely dense rental market with convenient access to the 110 Freeway and near the major employment centers of the ports of Los Angeles and Long Beach. 324 West Opp Street presents an excellent opportunity for an investor to rehabilitate and reposition the property in order to capture approximately 21 percent potential upside in rents.
Essential
MLS #PW17145958
Price$1,355,000
Number of Units10
Sale TypeStandard
StatusActive
Listing BrokerageSteven M. Bogoyevac, Broker
Listing AgentSteven Bogoyevac
Listing Agent BRE #01332755
Co-Listing BrokerageMarcus & Millichap
Co-Listing AgentDavid O'Keefe
Co-Listing Agent BRE #01928739
Interior
Exterior
Garage Spaces0
PoolNone
Community
Area195 - West Wilmington
CommunityUrban
Address324 W Opp Street
CityWilmington
CountyLos Angeles
StateCA
ZipCode90744
School

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Based on information from California Regional Multiple Listing Service, Inc. as of Tuesday, October 3, 2017. 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.