$350,000
●
Land -
Off Market
1122 N Watson Avenue
Wilmington, CA 90744
Studio
0 Bath
$370,974
RealtyHop Estimate
3.05%
Since Apr 1, 2023
National-US
Primary Model
About This Property
LISTING was accidently moved to ACTIVE on 3/8/23, There was no
change in status and LISTING is scheduled to close next week
NOTE: NEW AERIAL PHOTOS SHOW ALL 8 LOTS (for MLS# PV2208565 & MLS # PV22208548)!!!
Perfect opportunity for an investor/developer - includes 4 contiguous lots - APN#s 7425-031-001, 7425-031-002, 7425-031-003, 7425-031-004, to be sold together - totaling 11,396 SF. Also, for sale are an additional 4 contiguous lots (MLS# PV22208548) - that could be sold all together for a grand total of 35,558 SF Ft. A developer's dream for a multi-family residential project, or mixed-use development - lots of potential to consider.
Close proximity to the historical Banning Museum and commercial district of Wilmington, just across from GreenBelt Park. Easy freeway access. The location is also just miles from the Port of San Pedro, Port of Long Beach, Cal State Long Beach, and Cal State University Dominguez Hills
Buyer to verify all information by performing their own due diligence. Listing agent makes no guarantees. For all building, permits and zoning questions please contact the Los Angeles County Department of Building and Safety. Broker and Brokers Agent do not represent or guarantee the accuracy of the square footage. Buyer is advised to independently verify the accuracy of all information.
NOTE: NEW AERIAL PHOTOS SHOW ALL 8 LOTS (for MLS# PV2208565 & MLS # PV22208548)!!!
Perfect opportunity for an investor/developer - includes 4 contiguous lots - APN#s 7425-031-001, 7425-031-002, 7425-031-003, 7425-031-004, to be sold together - totaling 11,396 SF. Also, for sale are an additional 4 contiguous lots (MLS# PV22208548) - that could be sold all together for a grand total of 35,558 SF Ft. A developer's dream for a multi-family residential project, or mixed-use development - lots of potential to consider.
Close proximity to the historical Banning Museum and commercial district of Wilmington, just across from GreenBelt Park. Easy freeway access. The location is also just miles from the Port of San Pedro, Port of Long Beach, Cal State Long Beach, and Cal State University Dominguez Hills
Buyer to verify all information by performing their own due diligence. Listing agent makes no guarantees. For all building, permits and zoning questions please contact the Los Angeles County Department of Building and Safety. Broker and Brokers Agent do not represent or guarantee the accuracy of the square footage. Buyer is advised to independently verify the accuracy of all information.
Unit Size
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Days on Market
174 days
Land Size
0.26 acres
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 10 months ago (CRMLS #PV22208565)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 16, 2023 | Sold | ||
| Sold | |||
| Sep 23, 2022 | Listed by Compass | $360,000 | |
| Listed by Compass | |||
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Listed by: Steve Smith, Compass
Last Updated: 10 months ago
Data Source: CRMLS, MLS# PV22208565
Last Updated: 10 months ago
Data Source: CRMLS, MLS# PV22208565
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