Wednesday, April 6, 2016

Just Listed - Duplex in Wilmington CA

1111 Ravenna Wilmington CA - Duplex Apartment for Sale

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.
Each unit is one bedroom with interior laundry area and one space in the two-car garage. One unit’s kitchen was recently remodeled with new cabinetry, granite counters and stainless appliances. The other unit is upgraded with stainless appliances as well.

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)
Call us soon, this one won’t last!

Josh Toering, Realtor at Charlemagne Intl Properties or use our contact form

Side by side one-bedroom units with laundry hook-ups inside.

Each unit gets a garage space.

living room
Nice detail features inside.

Side access to the garage.

full bathroom
Updated bathroom

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