Listing provided courtesy of Sophia De La Vara of Berkshire Hathaway HomeServices California Properties. Last updated 2024-11-16 09:11:37.000000. Listing information © 2024 Sandicor.
Asking Price: $1,568,000
844 King, Wilmington CA 90744
Community: 195 - West Wilmington
This Commercial/Residential property was built in 1960 and is priced at $1,568,000. Please see the additional details below.
For the first time in over 20 years, this exceptional 8-unit property in Wilmington is available for sale! Situated on a generous 7,011-square-foot lot, the building comprises eight 2-bedroom, 1-bathroom units, each approximately 672 square feet, totaling 5,376 square feet of rentable living space. This property offers convenient community laundry facilities and an open parking lot for tenants, ensuring ample parking space.
Fully occupied and generating consistent rental income, each tenant pays for their own gas and electricity, while the owner covers water and trash expenses. Properties of this caliber, especially with long-standing tenant occupancy, are rare in Wilmington’s competitive market. This is a prime investment opportunity that won’t last long!