Presented By: ALBERT LE with LE INVESTMENT GROUP; 909-256-7889
MLS# IV24054268
03/18/2024
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Beds • 8
Full/Half Baths • 3 / 1
SQFT • 5,301
Garage • 8
Home Details
SELLER WILL ENTERTAIN ALL OFFERS. 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 5.25% / 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/ two-bath unit, and two two-bedroom/one and
Presented By: ALBERT LE with LE INVESTMENT GROUP; 909-256-7889
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Beds • 8
Full/Half Baths • 3 / 1
SQFT • 5,301
Garage • 8
