823 Lagoon Avenue Wilmington, CA $ 1,895,000
823 Lagoon Avenue
$ 1,895,000
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823 Lagoon Avenue

Wilmington, CA, 90744
$ 1,895,000
Baths0.0 Sq 5,301

Monthly Estimate*

$ 13,237

Listed by LE INVESTMENT GROUP
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Studio

Commercial Property for sale in Wilmington, CA

for $1,895,000. This 5,301 square foot building was built in 1965 on a lot size of 0.1725.

Introducing The Lagoon Flats, an impressive two-story, seven-unit multifamily investment property situated at 823 Lagoon Ave, Wilmington, CA. This charming garden-style apartment building boasts an attractive exterior, encompassing approximately 5,301 square feet within a 7,512 square foot lot, and holds the LARD1.5 zoning designation. Originally constructed in 1965, The Lagoon Flats underwent a tasteful renovation in 2023, featuring remodeled interior units, a new roof, windows, and drought-tolerant landscaping. The unit composition consists of four one-bedroom/one-bath units, one two bedroom/ two-bath unit, and two two-bedroom/one and

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Commercial Active

Price

$ 1,895,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 0

Style

MultiFamily

Lot Size

0.1725

Year Built

1965

Town/City

Wilmington

County/Region

Los Angeles

MLS | Web ID

IV24054143

Days on Market

43

Features
Exterior
Lot Features Item01UnitAcre
Water Source Public
Total Parking 7.0
Lot Size Area 7514.0
Number of Buildings 1
Spa N
Building Area Total 5301.0
Lot Size Acres 0.1725
Lot Size Units SquareFeet
Lot Size Source Assessor
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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General
Year Built 1965
Property SubType MultiFamily
County Los Angeles
New Construction N
Property Type CommercialSale
HOA / Comm Assn N
Attached Garage N
Garage Y/N N
Special Listing Conditions Standard
Status Active
Directions Lagoon Avenue
City Wilmington
View Y/N N
Senior Community Y/N N
Total Units 7
MLS Area 699 - Not Defined
Lot Size Square Feet 7514.0
Private Pool N
Waterfront Y/N N
Carport Spaces 7.0
Carport Y/N Y
Number of Units Leased 7
Street Name Lagoon
Property Attached Y/N N
Land Lease Y/N N
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 31
Building Area Units SquareFeet
Standard Status Active
Occupancy Description Tenant
Property Sub Type Additional MultiFamily
Cap Rate 5.94
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Interior
Total Stories 2
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N N
Fireplace Y/N N
Street Suffix Avenue
Laundry Features CommonArea
Entry Level 1
Electric On Property Y/N N
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Internal Only
Street Number 1 823
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* Excluded Features
List By
Le Investment Group

Broker

(909) 256-7889

Phone

Affordability Calculator

$13,237
Per Month
100%
0%
0%
Monthly Principal & Interest
$13,237
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
273443 Elementary School
272636 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/18/2024$1,895,000 -9.76% Price Down
3/18/2024$2,100,000 Listed Price

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823 Lagoon Avenue, Wilmington, CA, 90744 is a Commercial Property for sale at $1,895,000 with 5,301 sqft and a lot size of 0.1725. 823 Lagoon Avenue is a studio with 0.0 baths and was built in 1965. The property's zip code is 90744 which is in Wilmington, CA