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Martin Gonzalez

CalBRE# 01204139 (562) 843-1103

Martin Gonzalez

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1160 Watson Avenue
Wilmington CA 90744 US

$1,450,000real estate property listed by Martin Gonzalez

Active Listing ID RS22105924
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Built in 1924
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Lot: 0.35 acre

$1,450,000real estate property listed by Martin Gonzalez

Active Listing ID RS22105924
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1160 Watson Avenue Excellent Long Term Investment Opportunity with a great upside for an investor looking to increase the value, 9 Separate small homes located near the port of Los Angeles, This unique set up of small separate homes located next to a park, This property has very low expenses because each home has its separate water meter, gas meter, and electrical meter, These buildings are located in the 90744 zip code near the new Harbor redevelopment project and is offered at only $161k per unit. This property is the ideal opportunity for any investor looking for an upside cash flow with room to grow the monthly income by over 45% or more. The unit mix is 9 Separate homes all are (9) 1-Bed/1-Bath all with their own separate small yard. The property sits on a 15, 241 SqFt lot and has 4, 275 SqFt of rentable space. The Harbor development project, the port of Los Angeles, and is located in one of the most densely populated markets in the county, is a great long-term investment with huge upside potential.

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Property Features

  • Facts
  • Built in: 1924
  • Lot Size: 0.35 acre
  • Property Type: Residential Income

Other Property Info

  • Class Description: DD Property
  • AdditionalParcelsDescription: 7425015015
  • AdditionalParcelsYN: 1
  • AssociationFee: 0
  • AssociationYN: 0
  • CommonInterest: None
  • CommonWalls: No Common Walls
  • CommunityFeatures: Curbs, Sidewalks
  • Country: US
  • CountyOrParish: Los Angeles
  • CumulativeDaysOnMarket: 7
  • DaysOnMarket: 7
  • Directions: South of Pacific Coast Highway in the corner of Watson and L St.
  • GrossIncome: 70272
  • GrossScheduledIncome: 70272
  • InsuranceExpense: 3500
  • LandLeaseYN: 0
  • Latitude: 33.78726
  • LaundryFeatures: See Remarks
  • Levels: One
  • Longitude: -118.247651
  • MaintenanceExpense: 2000
  • MajorChangeTimestamp: 2022-05-25T14:52:19+00:00
  • MajorChangeType: New Listing
  • MLSAreaMajor: 196 - East Wilmington
  • ModificationTimestamp: 2022-06-01T23:57:23+00:00
  • NetOperatingIncome: 59090
  • NewConstructionYN: 0
  • NumberOfSeparateElectricMeters: 9
  • NumberOfSeparateGasMeters: 9
  • NumberOfSeparateWaterMeters: 9
  • NumberOfUnitsLeased: 9
  • NumberOfUnitsTotal: 9
  • OnMarketDate: 2022-05-25
  • OnMarketTimestamp: 2022-05-25T14:52:19+00:00
  • OperatingExpense: 7668
  • OriginalEntryTimestamp: 2022-05-25T14:52:19+00:00
  • OriginalListPrice: 1450000
  • ParcelNumber: 7425015014
  • PhotosChangeTimestamp: 2022-05-25T22:08:37+00:00
  • PhotosCount: 6
  • PoolFeatures: None
  • PoolPrivateYN: 0
  • ProfessionalManagementExpense: 2168
  • PropertyAttachedYN: 0
  • PropertyType: Residential Income
  • SeniorCommunityYN: 0
  • StatusChangeTimestamp: 2022-05-25T14:52:19+00:00
  • TaxLot: 133
  • TenantPays: All Utilities
  • TotalActualRent: 5856
  • TrashExpense: 0
  • VacancyAllowance: 3514
  • Zoning: LAR2

Building and Construction

  • BuildingAreaTotal: 4275
  • BuildingAreaUnits: Square Feet

Property

  • ContractStatusChangeDate: 2022-05-25

Utilities

  • ElectricExpense: 0
  • FuelExpense: 0
  • Sewer: Public Sewer
  • WaterSewerExpense: 0
  • WaterSource: Public

Exterior and Lot Features

  • ElevationUnits: Feet
  • LotFeatures: 0-1 Unit/Acre
  • LotSizeAcres: 0.3499
  • LotSizeArea: 15241
  • LotSizeSource: Assessor
  • LotSizeSquareFeet: 15241
  • LotSizeUnits: Square Feet

Garage and Parking

  • GarageSpaces: 0
  • GarageYN: 0
  • ParkingTotal: 0

Building and Contstruction

  • NumberOfBuildings: 9
  • Stories: 1
  • StoriesTotal: 1
  • YearBuilt: 1924
  • YearBuiltSource: Assessor
Listing Changed: 6/1/2022 11:57:23 PM GMT
Source Updated Date: 6/25/2022 6:48:44 PM GMT

Courtesy of: Martin Gonzalez, Realty Executives All Cities

Based on information from CRISNet MLS as of 06/25/2022 18:48:44 GMT. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Based on information from California Regional Multiple Listing Service, Inc. as of 06/25/2022 18:48:44 GMT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The accuracy of all information, regardless of source, including but not limited to square footage and lot sizes, is deemed reliable but not guaranteed or warranted. All information should be independently verified through personal inspection by and/or with the appropriate professionals.