We sold this Wilmington income property to our clients several years ago. Even though it was bank-owned and in need of TLC they saw potential in the side-by-side one bedroom units. They rolled up their sleeves and did the required work, and the property now has new electrical, new garage door, new kitchen, laminate flooring, etc. Our clients are making some adjustments and upgrades to their real estate investment portfolio, and some lucky buyer will gain an upgraded property with good tenants in place.
The property will hit the MLS next weekend with an asking price of $345,000. Current rents are $950 and $900. The property falls under Los Angeles City Rent Control. We expect this one to roll off our inventory list very fast, so don’t miss out. Contact us today!
Whether you are a seasoned investor or a beginner, there is probably a place for this property in your investment portfolio.
For more information contact Josh Toering at firstname.lastname@example.org or Call or Text 310.525.9440.