823 N Lagoon Avenue

Wilmington, CA 90744

  • 0 Bed(s)
  • 0 Bath(s)
  • 5,301 Sqft
  • 7512
    Sqft(Lot)
$1,795,000

Description

We are proud to present the sapphire crest, a stunning 2-story, 7-unit multifamily investment property located at 823 lagoon ave. wilmington, ca. this garden-style apartment building boasts curb appeal, totals ±5,301 building square feet on a ±7,512 square foot lot, and is zoned lard1.5.



the property was built in 1965 and tastefully renovated in 2023, including a remodel of all interior units, a new roof, windows, and drought-tolerant landscaping. in addition, all the electrical sub-panels are new and recently installed in may 2024. the unit mix is comprised of 4 one-bedroom/one-bath units, 1 two-bedroom/two-bath unit, and 2 two-bedroom/one and one half-bath townhome-style units. these well-appointed apartment units include wall a/c units, new flooring, kitchens, bathrooms, and plenty of cabinet and storage space. in addition, drawings have been completed for an adu comprised of 1 two-bedroom/two-bath unit totaling +/- 760 square feet. the building construction is comprised of a wood frame and stucco exterior with brick accents, a flat roof, and a freshly painted exterior. the property is separately metered for gas & electricity. building amenities include laundry room and garage parking for 7 cars on-site via 2 two-car garages and 3 one-car garages.



this investment opportunity presents an ideal turnkey, high-income producing asset with stabilized rents, a 6.36% cap rate, and attractive day-1 cash flow for an investor looking to acquire a low-maintenance stabilized asset.



aesthetically, the property gushes with pride of ownership, and charm and offers some of the nicest apartment rentals in wilmington for a few lucky tenants to be proud to call their home.



the sapphire crest is ideally located in a desirable residential community of wilmington within los angeles county, offering residents easy access to a host of amenities and nearby cities. situated near cities like long beach, san pedro, carson, torrance, and lakewood, this property benefits from a convenient location within proximity to various shopping centers, restaurants, entertainment venues, and recreational facilities. the building is a short distance drive to the 110 and 1 freeways. it is a roughly 15-minute drive to long beach harbor and the queen mary.



the property itself boasts a 98 walk score and 86 bike score as it is near many stores and restaurants.

  • Property Type

    Residential Income
  • County

    Los Angeles
  • Style

    Residential Income
  • AD ID

    47108206

Sell a home like this and save $107,201 Find Out How

Statistics Bottom Ads 1
Google Ads

Property Details

  • Water/Sewer

    • Water Source : Public
    • Sewer : Public Sewer
  • Building Information

    • Year Built: 1965
    • Building Area Total: 5,301

    Pool Features

    • None

    Laundry Features

    • Common Area
  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.1725
    • Lot Size Source: Public Records
    • Lot Size Square Feet: 7512
  • Listing Price Information

    • Original List Price: 1,795,000
    • Listing Contract Date: 2024-10-04

    Lease Information

    • Listing Agreement: Exclusive Right To Sell
  • Tax Information

    • Parcel Number: 7416025027
  • Garage and Parking

    • Garage Description: Garage

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable
  • Other Property Info

    • Source Listing Status: Active Under Contract
    • Source Neighborhood: 195 - West Wilmington
    • Postal Code Plus 4: 4352
    • Directions: 823 N Lagoon Ave. Wilmington, CA 90744
    • Zoning: LARD1.5
    • Source Property Type: Residential Income
    • Area: 195 - West Wilmington
    • Property SubType: Apartment

    Building and Construction

    • Property Age: 59
    • Common Walls: 2+ Common Walls
    • Structure Type: Apartment
    • Year Built Source: Public Records
    • Entry Level: 1
    • Entry Location: 1
    • Property Attached: Yes
    • Levels or Stories: Two
    • Building Total Stories: 2
Statistics Bottom Ads 2
Google Ads
Sidebar Ads 1
Google Sidebar Ads
Learn More about this Property
Message allows only 500 character
Sidebar Ads 2
Google Sidebar Ads
Sidebar Ads 2
Google Sidebar Ads

Copyright © 2024 by the Multiple Listing Service of the California Regional MLS®. This information is believed to be accurate but is not guaranteed. Subject to verification by all parties. This data is copyrighted and may not be transmitted, retransmitted, copied, framed, repurposed, or altered in any way for any other site, individual and/or purpose without the express written permission of the Multiple Listing Service of the California Regional MLS®. Information Deemed Reliable But Not Guaranteed. Any use of search facilities of data on this site, other than by a consumer looking to purchase real estate, is prohibited.

BuyOwner last updated this listing 11/21/2024 @ 18:17

  • MLS: SR24206788
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 0 bedrooms which is recently sold, it has 5,301 sqft, 7,512 sized lot, and 7 parking. A comparable Home, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of Wilmington , in zip code 90744, this Los Angeles County Home are nearby neighborhoods.