130 E Opp St, Wilmington, CA 90744

$1,799,000
8
BD
6
BA
4,509
SqFt
List Price
$1,799,000
Status
ACTIVE
MLS#
22-219993
Year Built
1930
Bedrooms
8
Bathrooms
6
Living Sq. Ft
4,509
Lot Size
10,775
Days on Market
12
Property Type
Multifamily
Stories
2

Property Description

Sublime balance of both the present and the future. Supreme opportunity for both investors and developers alike. Prime rental income property with great current income as well as loads of additional potential. Rent is all current and the property is super easy to manage, thanks to friendly and cooperative tenants. Present revenue is very good, especially from the two beautifully remodeled units as of 2022, but further bolstered by the fact that there is still much rental upside and also the vast potential to build additional units; two units for sure can be built and four units are a possibility. This gold mine can be turned into a jumbo 10-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.

Additional Information

Other Buildings
None
Heat
Wall
Cooling
Other
Number of Cars in Garage
Garage, Parking Space

Mortgage Calculator

Amount of Loan
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Calculator source: Real Geeks

Courtesy of , MiJeong Kim - CA DRE#

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