823 Lagoon Avenue,
Home For Sale
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 6.34% / 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/ one-bath unit, and two two-bedroom/one and a half bathroom units.
Property Details
Additional Information
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- County:
- Los Angeles
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- Zip:
- 90744
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- MLS® #:
- IV24147249
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- Bedrooms:
- 5
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- Lot Size:
- 0.17
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- Neighborhood:
- WILMINGTON (90744)
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Listing information last updated on August 13th, 2024 at 3:16am PDT.