Wilmington, CA is a “hot spot” in the South Bay of Los Angeles for income producing properties. Charlemagne Int’l Properties recently listed a side by side duplex on Ravenna Avenue, and this upgraded property will make a savvy addition to most rental income portfolios.
1111 & 1113 Ravenna Ave, Wilmington CA
- $365,000 listing price
- Two one bedroom, one bath units. One unit has remodeled kitchen. Some appliance upgrades.
- Garage with two spaces.
- 1152 sq.ft. building
- 3630 sq.ft. lot
- West Wilmington location is one of the highest demand rental areas of the city.
Income – One unit will be delivered vacant at close of escrow, so you can choose your tenant and rent rate.
- Proforma annual gross rental income – $24000
- 1 Bed/1 Bath rent – $950/month current rent
- 1 Bed/1 Bath rent – $1050/month (proforma based on actual offers from prospective tenants)
Josh Toering, Realtor at Charlemagne Intl Properties
ToeringandTeam@gmail.com or use our contact form