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$2,078,000

Beds
10
sq ft
4,509

130 E Opp St, Wilmington, CA 90744

130 E Opp St

Wilmington, CA 90744

  • 8 days on market
Proudly presenting this supreme opportunity for both investors and developers alike. 130 E Opp St is a prime rental income property with great current revenue as well as great potential and upside. Recent renovations are reflected in the improved rental income, especially from the four beautifully remodeled units; a brand-new ADU unit will be delivered at COE, along with substantial electric upgrades. In addition, approved plans to build two additional units have been obtained and will also be delivered COE, saving a lot of time and effort for the buyer. This gold mine is further bolstered by rental upside and potential to be turned into a 9-unit residential complex. 130 E Opp St truly is a best-of-both-worlds: a stable property with great current income that also oozes undeniable developmental value. High rental demand in the area is just the cherry-on-top.

Details

Property type

Est. home value

$1,401,282

Lot size

0.2474 acres

Price per sq ft

$461

Year built

1930

HOA

No

Price History

01/14/2025
CLAW

CLAW #25479497

Listed
$2,078,000
+48.96%
04/22/2022
CRMLS

CRMLS #320008227

Sold
$1,395,000
+58.52%
03/09/2018
CRMLS

CRMLS #SB17279243

Sold
$880,000

Schools & Community

Neighborhood: 

Wilmington

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$802,839
Asking price
$2,078,000
Closing costs (~8% of asking)
-$166,240
Est. remaining loan balance
-$1,108,921
Cash to seller
$802,839

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

New Wave Lending Group Inc

Loan start date

February 2024

Original loan amount

$1,120,000

Est. remaining balance

$1,108,921

Interest rate

6.67%

Loan type

New Conventional, 30 year

Seller

Dreamscape Holdings Llc

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 01/22/2025 at 5:10 AM

Listing updated: 01/14/2025 at 6:10 PM

Listed by: MiJeong Kim, Mi Jeong Kim Phone #: (213) 503-8070

MLS: CLAW #25479497

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