823 Lagoon Ave, Wilmington, California, United States | Homes For Sale at GLOBAL LISTINGS

Report Listing

Home For Sale

$1,795,000

823 Lagoon Ave
Wilmington, California, United States

10bd 9ba

Listed By: Realtyww Info

Listed On: 08/14/2024

Listing ID: GL11620630 View More Details

Description

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 6.34% / 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.

For more details:

Listed by: Albert Le