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
ToeringandTeam@gmail.com or use our contact form
310-525-9440


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

garage
Each unit gets a garage space.

living room
Nice detail features inside.

side
Side access to the garage.


full bathroom
Updated bathroom

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