718 Mcdonald Avenue

    Wilmington, CA 90744
    • $1,250,000
    • STATUS: Active
    • ON SITE: 149 days
    • ID#: CV18142846
    UPDATED: 31 min ago
    $1,250,000
    • 0
      BEDS
    • 0.14
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,416
      SQFT
    • $283
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1982
    County:

    School Ratings & Info

    Description

    Excellent Upside Potential! MOTIVATED SELLER! NO RENT CONTROL! Design your income. Easily Raise rents to Market value. Excellent Income Potential! Built in 1982. Five Suites - 3 suites have 2 Bedrooms and 2 suites have 1 Bedroom. Well maintained property with tons of recent improvements. 100% Fully Rented, 0% vacancy. Close to Schools, Shopping and Transportation. Located in a high rental demand area of Wilmington. Units are month to month rentals with No rent control! Excellent income producer!

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-13T15:32:33.353. 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 deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
    www.fredsedgroup.com/homes/84720416

    718 Mcdonald Avenue Wilmington, CA 90744

    • Price: $1,250,000
    • Status: Active
    • Updated: 31 min ago
    • ID#: CV18142846
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.14
    Acres
    4,416
    SQFT
    $283
    $/SQFT
    1982
    Built
    Neighborhood:
    195 - West Wilmington
    County:
    Los Angeles
    Area:
    195 - West Wilmington
    Property Description
    Excellent Upside Potential! MOTIVATED SELLER! NO RENT CONTROL! Design your income. Easily Raise rents to Market value. Excellent Income Potential! Built in 1982. Five Suites - 3 suites have 2 Bedrooms and 2 suites have 1 Bedroom. Well maintained property with tons of recent improvements. 100% Fully Rented, 0% vacancy. Close to Schools, Shopping and Transportation. Located in a high rental demand area of Wilmington. Units are month to month rentals with No rent control! Excellent income producer!
    Exterior Features

    Architectural Style Contemporary Construction Materials Stucco Fence YN Yes Fencing BlockChain Link Foundation Details Slab Garage Spaces 1.00 Lot Features 0-1 Unit/AcreFront Yard Lot Size Source Assessor Lot Size Units Square Feet Parking Features AssignedDrivewayDriveway - Concrete Parking Total 5.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN Yes Road Frontage Type City Street Road Surface Type Paved Roof Composition

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 2+ Common Walls Heating Forced Air Heating YN Yes Interior Features Ceramic CountersCopper Plumbing Partial Laundry Features Community Levels Two

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Cap Rate 3.50 Community Features CurbsSidewalksStorm DrainsStreet Lighting Country Us Electric 220V In Kitchen Electric Expense 780.00 Elevation Units Feet Fuel Expense 0.00 Gross Income 61380.00 Gross Operating Income 61380.00 Gross Scheduled Income 61380.00 Insurance Expense 1200.00 Land Lease YN No Laundry YN Yes Maintenance Expense 1200.00 Net Operating Income 48152.00 New Construction YN No New Taxes Expense 5752.00 Number Of Separate Electric Meters 0 Number Of Separate Gas Meters 0 Number Of Separate Water Meters 0 Number Of Units Leased 5 Operating Expense 13228.00 Present Loans 0 Professional Management Expense 0.00 Property Sub Type Commercial/Residential Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tax Annual Amount 5752.00 Tenant Pays None Total Actual Rent 5115.00 Total Expenses 13228.00 Trash Expense 2676.00 Utilities Phone ConnectedSewer ConnectedWater Connected Vacancy Allowance Rate 0.00 Walk Score 80 Water Sewer Expense 2100.00 Water Source Public Year Built Source Assessor Zoning Lard1.5

    Listing provided courtesy of Ilona Hodge of Exp Realty Of California Inc.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-13T15:32:33.353. 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 deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
     
    Fred Sed Realty - Keller Williams
    4010 Barranca Pkwy Suite 100
    Irvine CA, 92604