For Sale
$2,078,000

130 E Opp St Wilmington, CA 90744

Prime rental income property; high upside potential.

Overview

Added:
Jan 15
Days on market:
100
This exceptional 4,509 square foot multifamily property located at 130 E Opp St, Wilmington, CA 90744, presents a lucrative investment opportunity. The building currently boasts seven units, four of which have undergone recent renovations resulting in improved rental income. A newly constructed Accessory Dwelling Unit (ADU) will be completed at close of escrow (COE), adding to the immediate rental revenue stream. Furthermore, approved plans for the construction of two additional units are included in the sale, significantly reducing development time and costs for the buyer. The property sits on a 0.25-acre lot and offers substantial potential for increased rental income. High rental demand in the Wilmington area further enhances the property's value and investment potential. This property is ideal for both investors seeking immediate income and developers looking to expand the existing complex to its full potential as a nine-unit residential building. The substantial electrical upgrades completed recently add to the overall value and appeal of this exceptional investment.

Highlights

  • Seven-unit apartment building in Wilmington, CA, priced at $2,078,000.
  • Features four remodeled units and a new ADU, delivering at close of escrow.
  • Approved plans for two additional units, also delivering at close of escrow, increasing potential.

Property Details for 130 E Opp St

Property type
Residential income homes, Residential income properties
Square Feet
4,509 SF
Price / Square Foot
$460.86
Class
C
Year Built
1930
Stories
2
Elevators
N/A
Lot Size (sq. ft)
10,890 SF
Units
7

Location Insight

City
Wilmington
County
State
California

FAQs

What type of property is this?
Residential income home - Prime rental income property; high upside potential.
Where is the residential income home located?
The property is located at 130 E Opp St Wilmington, CA.
What is the asking price?
The asking price for this property is $2,078,000.
What are key features of this property?
This property features: Seven-unit apartment building in Wilmington, CA, priced at $2,078,000.; Features four remodeled units and a new ADU, delivering at close of escrow.; Approved plans for two additional units, also delivering at close of escrow, increasing potential.
How can I contact the broker?
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130 E Opp St
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