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12500 S Wilmington AVE Inglewood, CA 90222
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Key Details
Sold Price $2,500,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PW19182160
Sold Date 12/12/19
HOA Y/N No
Year Built 2016
Lot Size 0.370 Acres
Acres 0.37
Property Description
12500 South Wilmington Avenue, a 2016 construction seven-unit apartment community in Compton, California. This offering presents an outstanding opportunity for an investor to acquire a newer construction asset with excellent in-place cash flow, potential upside in rents, and low operating and maintenance expenses.
The property consists of four buildings on a 0.37-acre lot and offers a strong mix of six four-bed/three-bath units and one three-bed/two-bath unit. The units are separately metered for all utilities, and each unit has a two-car garage and a full appliance package, including a washer and dryer.
12500 South Wilmington Avenue is located next to a church and across from a school complex that consists of Harriet Tubman High School, Thurgood Marshall Alternative School and Cesar Chavez Continuation High School. Additionally, the property is conveniently near the Metro Green Line (Willowbrook / Rosa Parks Station), and just a half-mile from the 105 freeway and Kenneth Hahn Plaza, a shopping center that features Food4Less, Rite Aid, Subway, Denny's and mother.
Location
State CA
County Los Angeles
Area 101 - North Inglewood
Zoning LCR3*
Interior
Fireplace No
Appliance Dryer, Washer
Exterior
Garage Spaces 7.0
Garage Description 7.0
Pool None
Community Features Curbs, Storm Drain(s), Street Lights
Total Parking Spaces 7
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 6150001011
Acceptable Financing Cash
Listing Terms Cash
Financing Cash
Special Listing Condition Standard
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Bought with Steven Bogoyevac • Steven M. Bogoyevac, Broker