$1,895,000
- Beds
- Unknown
- sq ft
- 5,301
823 Lagoon Ave, Wilmington, CA 90744
823 Lagoon Ave
Wilmington, CA 90744
- Off market
- Price drop $205,000↓
SELLER WILL ENTERTAIN ALL OFFERS. Tremendous upside with a potential for the addition of a two bedroom (App. 760SF) ADU to rear garages, with plans and architectural drawing (see photos). Impressive offering actual CAP Rate of 5.25% / Introducing The Lagoon Flats, an impressive two-story, seven-unit multifamily investment property situated at 823 Lagoon Ave, Wilmington, CA. This charming garden-style apartment building boasts an attractive exterior, encompassing approximately 5,301 square feet within a 7,512 square foot lot, and holds the LARD1.5 zoning designation. Originally constructed in 1965, The Lagoon Flats underwent a tasteful renovation in 2023, featuring remodeled interior units, a new roof, windows, and drought-tolerant landscaping. The unit composition consists of four one-bedroom/one-bath units, one two bedroom/ one-bath unit, and two two-bedroom/one and a half bathroom units.
Details
Property type
Apartment
Lot size
7,514 sq ft
Price per sq ft
$358
Year built
1965
Price History
07/04/2024
CRMLS #IV24054268
Removed
$1,895,000
04/18/2024
CRMLS #IV24054268
Price change
$1,895,000
-9.76%
03/18/2024
CRMLS #IV24054268
Listed
$2,100,000
+75%
Schools & Community
Neighborhood:
Wilmington
Elementary school:
Unknown
Middle school:
Unknown
High school:
Unknown
Community features: Sidewalks
Community features:
Sidewalks
Status: Off Market
Tomo last checked: 07/05/2024 at 8:50 PM
Listing updated: 05/31/2024 at 3:03 PM
Listed by: ALBERT LE, LE INVESTMENT GROUP Phone #: (909) 256-7889
MLS: CRMLS #IV24054268
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