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731 Bay View Avenue

Wilmington, CA 90744
  • $998,500
  • STATUS: ACTIVE
  • ON SITE: 214 Days
  • ID#: SB23028905
UPDATED: 14 min ago
$998,500
  • 6
    BEDS
  • 0.14
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:

School Ratings & Info

Description

Upside potential, most tenants are very long term. Sellers have taken pride in ownership, and the grounds require minimal maintenance Two separate One Bedroom houses and Two 2 bedrooms units over an over sized 2 car garage. *** The 2 car garage and storage room adjacent to the garage is currently occupied by the seller, which upon close of escrow will be vacated allowing an additional Buyers' source of ADDITIONAL Passive Income, OR the option of converting the 2 car garage and storage room to a GENEROUSLY OPULENT A.D.U.*** Tenants are entitled to a gated and designated 2 car tandem parking per unit at the rear of the property with alley access. There is an additional source of $500.00/month income, reflected in the annual gross rents. Buyers are to satisfy themselves of the lot and total habitable square footage, furnished information is provided by the tax rolls and such accuracy is not warranted or guaranteed by the sellers or the listing agent. **Sellers reserve the right to conduct an IRS 1031 Exchange at no expense to the buyers**. Upside potential, most tenants are very long term. Sellers have taken pride in ownership, and the grounds require minimal maintenance Two separate One Bedroom houses and Two 2 bedrooms units over an over sized 2 car garage. *** The 2 car garage and storage room adjacent to the garage is currently occupied by the seller, which upon close of escrow will be vacated allowing an additional Buyers' source of ADDITIONAL Passive Income, OR the option of converting the 2 car garage and storage room to a GENEROUSLY OPULENT A.D.U.*** Tenants are entitled to a gated and designated 2 car tandem parking per unit at the rear of the property with alley access. There is an additional source of $500.00/month income, reflected in the annual gross rents. Buyers are to satisfy themselves of the lot and total habitable square footage, furnished information is provided by the tax rolls and such accuracy is not warranted or guaranteed by the sellers or the listing agent. **Sellers reserve the right to conduct an IRS 1031 Exchange at no expense to the buyers**.

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San Diego MLS logo 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 © 2023 San Diego MLS, Inc. Licensed in the state of California.
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731 Bay View Avenue Wilmington, CA 90744

  • Price: $998,500
  • Status: ACTIVE
  • On Site: 214 Days
  • Updated: 14 min ago
  • ID#: SB23028905
6
Beds
0
Baths
0
½ Baths
0.14
Acres
Neighborhood:
Wilmington (90744)
County:
Los Angeles
Area:
Wilmington (90744)
Property Description
Upside potential, most tenants are very long term. Sellers have taken pride in ownership, and the grounds require minimal maintenance Two separate One Bedroom houses and Two 2 bedrooms units over an over sized 2 car garage. *** The 2 car garage and storage room adjacent to the garage is currently occupied by the seller, which upon close of escrow will be vacated allowing an additional Buyers' source of ADDITIONAL Passive Income, OR the option of converting the 2 car garage and storage room to a GENEROUSLY OPULENT A.D.U.*** Tenants are entitled to a gated and designated 2 car tandem parking per unit at the rear of the property with alley access. There is an additional source of $500.00/month income, reflected in the annual gross rents. Buyers are to satisfy themselves of the lot and total habitable square footage, furnished information is provided by the tax rolls and such accuracy is not warranted or guaranteed by the sellers or the listing agent. **Sellers reserve the right to conduct an IRS 1031 Exchange at no expense to the buyers**. Upside potential, most tenants are very long term. Sellers have taken pride in ownership, and the grounds require minimal maintenance Two separate One Bedroom houses and Two 2 bedrooms units over an over sized 2 car garage. *** The 2 car garage and storage room adjacent to the garage is currently occupied by the seller, which upon close of escrow will be vacated allowing an additional Buyers' source of ADDITIONAL Passive Income, OR the option of converting the 2 car garage and storage room to a GENEROUSLY OPULENT A.D.U.*** Tenants are entitled to a gated and designated 2 car tandem parking per unit at the rear of the property with alley access. There is an additional source of $500.00/month income, reflected in the annual gross rents. Buyers are to satisfy themselves of the lot and total habitable square footage, furnished information is provided by the tax rolls and such accuracy is not warranted or guaranteed by the sellers or the listing agent. **Sellers reserve the right to conduct an IRS 1031 Exchange at no expense to the buyers**.
Exterior Features

Exterior Stucco Pool N/K Site Sidewalks Spa N/K

Interior Features

Cooling N/K Total Baths Unit1 1 Total Baths Unit2 1 Total Baths Unit3 1 Total Baths Unit4 1

Property Features

Annual Expense Actual 5920 Assessments N/K Buildings 3 Cfd Mello Roos Fee 540.0 Cfd Mello Roos Fee Reflects Year Gross Scheduled Income Actual 52800 Monthly Total Fees 45 Tenant Pays ElectricityGas/PropaneOther/Remarks Terms CashConventionalExchange Unit Number For Unit1 1 Unit Number For Unit2 2 Unit Number For Unit3 3 Unit Number4 4 Unit1 Rent Actual 890.0 Unit2 Rent Actual 975.0 Unit3 Rent Actual 975.0 Unit4 Rent Actual 1000.0 Zoning Assessor

San Diego MLS logo Listing provided courtesy of Angel Estrada of Keller Williams Realty: 310-720-7169. Listing information © 2023 San Diego MLS Inc. Source: CRMLS
San Diego MLS logo 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 © 2023 San Diego MLS, Inc. Licensed in the state of California.
 
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