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504 W L Street, Wilmington, CA 90744
$1,050,000
504 W L Street, Wilmington, CA 90744View this property at 504 W L Street, Wilmington, CA 90744
504 W L StreetWilmingtonCA90744
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Property Description
MOTIVATED SELLER! Are you in search of a meticulously cared-for investment property that can be easily managed on your own? Look no further than this fully occupied, well-maintained fourplex. This property consists of one spacious 2+1 unit and three comfortable 1+1 units, with an added bonus/office/den room in one of the 1+1 units. 2 remodeled units and bathrooms have been recently updated, giving them a touch of modernity. Each unit has its own separate meters, with the exception of water (2 tenants pay RUBS). Additionally, each unit offers its own front-fenced area, providing privacy and individuality. The end unit, featuring a generous 2/1 layout, comes with a huge front and side yard, like living in a single-family residence. In addition to a 1 car garage, there is driveway parking and an available side parking spot. Situated on a 7,025-square-foot lot in the heart of Wilmington, this fourplex presents a fantastic opportunity to secure your future in the thriving Wilmington real estate market. This property also offers the potential for additional income through the installation of a coin laundry facility. It is an ideal investment for an owner looking to manage their own rentals or a family seeking to establish a rental portfolio. Drive-by only. PLEASE do not disturb the tenants. Inspection with an accepted offer. WILL DELIVER 1 UNIT VACANT FOR OWNER OCCUPIED!
Full Property Details
Full Property Details for 504 W L St
General
- Sold For: $1,050,000
- Status: Closed
- Type: Multi-Family
- MLS ID: OC23131929
- Added to Site: 317 day(s) ago
Interior
- Fireplace(s): None
Rooms
Other Rooms
- Laundry: None
Additional Information
- Pool Description: None
Parking
- Garage Spaces: 1
Location
- Area: 195 - West Wilmington
- County: Los Angeles
- Development Name: 195 - West Wilmington
- Driving Directions: Off East PCH & N. Island
Heating & Cooling
- Cooling Type: None
- Heating Type: Wall Furnace
Utilities
- Sewer: Public Sewer
- Water: Public
- # Water Meters: 1
- # Gas Meters: 4
- # Electric Meters: 4
Structural Information
- Entry Location: Front
- Stories/Levels: One
- Stories Description: One
- Square Feet: 2,253
- Year Built: 1953
Unit Information
Unit 1
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 2
Unit 2
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 1
Unit 3
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 1
Unit 4
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 1
Lot Features
- Lot Size (Acres): 0.1613
- Lot Size Source: Assessor
- Zoning: LAR1
- Lot Description: 0-1 Unit/Acre
Financial Considerations
- Price Per Sq. Ft.: $466.05
- Price Per Unit: 290250
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2.5%
Listed by Billy Rosenberg, Broker, Billy Rosenberg
Sold by Legacy Realty & Investments, Michael Geluz
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Schools
Schools serving 504 W L St
School District:Los Angeles Unified School District
Rating | Name | Grades | Distance |
---|---|---|---|
1301 N Fries Ave, Wilmington, CA 90744 | K-5 | 0.2 mi | |
1700 Gulf Ave, Wilmington, CA 90744 | 6-8 | 0.8 mi | |
1527 Lakme Ave, Wilmington, CA 90744 | 9-12 | 0.6 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 504 W L St
Date
Details
Price
Change
Source
1/19/2024
Sold
$1,050,000
-9.56%
MLS
9/09/2023
Price Reduced
$1,161,000
-10%
MLS
7/18/2023
Listed
$1,290,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
504 W L Street, Wilmington, CA 90744 (MLS# OC23131929) is a Multi-Family property that was sold at $1,050,000 on January 19, 2024. Want to learn more about 504 W L Street? Do you have questions about finding other Multi-Family real estate for sale in Wilmington? You can browse all Wilmington real estate or contact a Coldwell Banker agent to request more information.