1120 N Flint
About This Property
Great opportunity R2 land in the city of Wilmington. Fully approved plan and the construction permit will be available soon. Save lots of time for city approval. Location is within 5 miles from port of Long Beach and downtown Long Beach, and within 10 miles from Port of San Pedro, Cal State Long Beach and Cal State University Dominguez Hills. This is great and prime residential location to build your home.
Site plan / Architecture drawing is included with the sale. The approved plan has two units. Front unit: 1,982 sf, 4 bedrooms & 3 bathrooms and back unit: 1,854 SF, 4 bedrooms & 3 bathrooms. The lot can be subdivided. Adjacent lot is also available for sale (see WS19 N Flint Ave, Wilmington).
**Don't miss out this excellent and valuable opportunity to build your own home. Live One and Rent One or For Extended Family to Live Together. It's also a great option for investors with additional tax benefits (the lot is in opportunity zone)**
**All information deemed reliable but not guaranteed, buyer and buyer's agent need to verify by their own diligence. **
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 25, 2022 | Sold | ||
| Sold | |||
| Jan 1, 2020 | Listed by KW Executive | $300,000 | |
| Listed by KW Executive | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017