526 N Fries Ave, Wilmington, CA 90744

Property Description

#4units on 1 Lot This #Fourplex Generates an Income of $5460 dollars per month in Rents! CAP RATE is Above 5.8% ! This dollar amount does not include the 3 % increase that is due on each unit. EXCELLENT OWNER OCCUPIED OR LONG TERM RENTAL INVESTMENT ! Property Features a 3bedroom 1bath at front and (3) 1bedroom 1 bath units with Onsite parking up to 4 cars accessed through alley. A spacious Court yard which is a "common area" separates the 2 rear units from the 3 bedroom and 1 bedroom at front . Unit #3 has New Copper Plumbing throughout, New laminate Flooring in living room and bedroom , vinyl water resistant flooring in kitchen and bathroom and New interior paint. Amenities include laundry hook ups in each unit, copper plumbing ,Parking at rear of units through alley Or for possible ADU ,shut off valve for each and making this property a stable cash flow for a Buyer looking to occupy 1 unit and rent the other 3! A skip and a hop from the #Portoflosangeles#longshoremanrentals