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    1036 Watson Street

    Wilmington, CA 90744
    • $1,250,000
    • STATUS: ACTIVE
    • ON SITE: 96 days
    • ID#: 302943796
    UPDATED: 52 min ago
    $1,250,000
    • 5
      BEDS
    • 0.14
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    2020
    County:

    School Ratings & Info

    Description

    Check out this brand duplex in the city of Wilmington, two single family residences consisting of two 5 bedroom, 3 bath each unit on an OPPORTUNITY ZONE. This property is conveniently located only minutes away from the recreational beach areas and commercial centers of Long Beach, Carson, Harbor City, Lomita, San Pedro, and to the Port of Los Angeles, also known as "America's port" (10 minutes away). The Port of LA is considered the nation's #1 container port and supports employment for approximately 530, Check out this brand duplex in the city of Wilmington, two single family residences consisting of two 5 bedroom, 3 bath each unit on an OPPORTUNITY ZONE. This property is conveniently located only minutes away from the recreational beach areas and commercial centers of Long Beach, Carson, Harbor City, Lomita, San Pedro, and to the Port of Los Angeles, also known as "America's port" (10 minutes away). The Port of LA is considered the nation's #1 container port and supports employment for approximately 530,000 people. Property is perfect for investors and first time home buyers. Investors get to enjoy a nice cashflow off this home with roughly $86,400 of estimated annual gross rent. Amazing est. 5.1+% CAP rate and 14.4x GRM. Drought resistant landscaping and individually metered units minimize operating expenses and investor/owner time burden. Transitional housing for thought? Any investors in this arena can potentially rent it out per bed or per room and double up on their rental income. This duplex has total of 10 bedrooms, 6 baths and 5 parking spaces. This new construction development has all the modern touches for todays market such as laminate flooring, recessed lighting, backsplash and quartz countertops in kitchen, central AC, washroom, and many more features making it the one of the most beautiful homes in the neighborhood. PRIVATE SHOWINGS STARTING 10/24: Buyers must sign PEAD form on site prior entering or send it by email.

    Monthly Payment Calculator

    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2021 San Diego MLS, Inc. Licensed in the state of California.
    www.callstein.com/homes/110975389
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    1036 Watson Street Wilmington, CA 90744

    • Price: $1,250,000
    • Status: ACTIVE
    • Updated: 52 min ago
    • ID#: 302943796
    5
    Beds
    0
    Baths
    0
    ½ Baths
    0.14
    Acres
    2020
    Built
    Neighborhood:
    Wilmington (90744)
    County:
    Los Angeles
    Area:
    Wilmington (90744)
    Property Description
    Check out this brand duplex in the city of Wilmington, two single family residences consisting of two 5 bedroom, 3 bath each unit on an OPPORTUNITY ZONE. This property is conveniently located only minutes away from the recreational beach areas and commercial centers of Long Beach, Carson, Harbor City, Lomita, San Pedro, and to the Port of Los Angeles, also known as "America's port" (10 minutes away). The Port of LA is considered the nation's #1 container port and supports employment for approximately 530, Check out this brand duplex in the city of Wilmington, two single family residences consisting of two 5 bedroom, 3 bath each unit on an OPPORTUNITY ZONE. This property is conveniently located only minutes away from the recreational beach areas and commercial centers of Long Beach, Carson, Harbor City, Lomita, San Pedro, and to the Port of Los Angeles, also known as "America's port" (10 minutes away). The Port of LA is considered the nation's #1 container port and supports employment for approximately 530,000 people. Property is perfect for investors and first time home buyers. Investors get to enjoy a nice cashflow off this home with roughly $86,400 of estimated annual gross rent. Amazing est. 5.1+% CAP rate and 14.4x GRM. Drought resistant landscaping and individually metered units minimize operating expenses and investor/owner time burden. Transitional housing for thought? Any investors in this arena can potentially rent it out per bed or per room and double up on their rental income. This duplex has total of 10 bedrooms, 6 baths and 5 parking spaces. This new construction development has all the modern touches for todays market such as laminate flooring, recessed lighting, backsplash and quartz countertops in kitchen, central AC, washroom, and many more features making it the one of the most beautiful homes in the neighborhood. PRIVATE SHOWINGS STARTING 10/24: Buyers must sign PEAD form on site prior entering or send it by email.
    Exterior Features

    Pool N/K Site Sidewalks Spa N/K

    Interior Features

    Cooling Central Forced Air Stories 2 Story Total Baths Unit1 3

    Property Features

    Annual Expense Actual 22229 Buildings 2 Gross Rent Multiplier Actual 14.4 Gross Scheduled Income Actual 86400 Terms CashConventionalExchange Unit Number For Unit1 1 Unit1 Rent Actual 0.0 Zoning Builder

    Listing provided courtesy of Vip Real Estate Firm. Listing information © 2021 San Diego MLS Inc. Source: CRMLS
    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2021 San Diego MLS, Inc. Licensed in the state of California.
     
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