Active
823 Lagoon Avenue
Wilmington CA, 90744
$1,895,000
$357.48 per sqft
Active
5,301 sqft
Condo
Built in 1965
Listed by ALBERT LE with LE INVESTMENT GROUP 909-256-7889
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/ two-bath unit, and two two-bedroom/one and
IV24054268
MLSⓇ ID
March 12, 2024
Listed
April 18, 2024
Updated
Map
823 Lagoon Avenue
Wilmington CA, 90744
Interior Features
Total Stories
2
Laundry Description
Common Area
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.17 Acres
Lot Features
Rectangular Lot
Sewer
Public Sewer
Other Property Details
Area Name
699 - Not Defined
Days on Market
31
Garage
Yes
Garage Spaces
8
Parking Total
16
View
No
County
Los Angeles
Water Source
Public
Pool
No
Pool Features
None
Zoning
LARD1.5
Buyer Agency Compensation
2%
Listing History
Date | Event | Price |
|---|---|---|
4/18/2024 | Price Change | $1,895,000 -10% |
Listing Contact: 909-256-7889
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 4/18/2024. 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 4/18/2024 at 11:40 PM UTC