1306 W M St, Wilmington, CA 90744

Property Description

This mansion has over 80k of upgrades since it was last purchased. It is located next to Los Angeles Harbor College, the newly renovated Ken Malloy Harbor Park, and golf courses. It is perfect for an owner-occupied rental property. It is situated in a high demand rental area. The property is perfect for room/ unit rentals, which can lead to cost free living on the luxurious first floor. The upper level of the building contains separate entry to 3 different sections each containing 2 bedrooms and 1 bathroom. One section contains a bar area, another section contains a kitchenette with laundry hookups, and another section contains a spacious area for a potential kitchenette. Each of the 3 sections contains its own electric sub-panel and water heater. The lower level of the building contains 3 bedrooms, 2 bathrooms, laundry room, gourmet kitchen, and a sun-room. The first floor is approximately 3000 sq. ft with high ceilings. The building contains new solar panels, which were purchased in 2018 and will be completely paid off at the close of escrow. The roof has much room for expansion of the solar panel system. Utility costs will be much lower with additional tenants on the property since the solar panel system supplies the entire house. There is a massive sized garage with a staircase access to an attic, and the parking structure is spacious enough to conveniently park 8 to 10 vehicles