Multifamily
604 W G St
604 W G St, Los Angeles, CA 90744
Listing Price: $1,638,000
Investment Overview
Marcus & Millichap is pleased to present to market 604 West G Street, a nine-unit apartment building in Wilmington, California. The building is a 1963 construction with a mix of eight one-bedroom/one-bath units and one three-bedroom/two-bath townhome-style unit. Amenities include on-site laundry, 12 parking spaces, private balconies for second-floor units, an owner’s storage room, and new vinyl windows in select units. All units are separately metered for gas and electricity. 604 West G Street is well-situated in Wilmington on a corner lot directly across from St. Peter - St. Paul private school and two blocks from a Food4Less grocery store. With 36 percent potential upside in rents, this offering is a great value-add opportunity in a strong rental market.
604 W G St
Investment Highlights
- Nine-Unit Apartment Building With a Mix of One Three-Bed/Two-Bath Townhome-Style Unit and Eight One-Bed/One-Bath Units
- Offered at a 5.74 Percent Cap Rate on Current Rents
- 36 Percent Potential Upside in Rents
- Property Features On-Site Laundry, 12 Parking Spaces, Private Balconies for Second-Floor Units, and New Vinyl Windows in Select Units
- Corner Lot Directly Across From a Private School and Two Blocks From a Grocery Store
Exclusively Listed By
Financing By
Listing Price: $1,638,000
Investment Highlights
- Nine-Unit Apartment Building With a Mix of One Three-Bed/Two-Bath Townhome-Style Unit and Eight One-Bed/One-Bath Units
- Offered at a 5.74 Percent Cap Rate on Current Rents
- 36 Percent Potential Upside in Rents
- Property Features On-Site Laundry, 12 Parking Spaces, Private Balconies for Second-Floor Units, and New Vinyl Windows in Select Units
- Corner Lot Directly Across From a Private School and Two Blocks From a Grocery Store
Investment Overview
Marcus & Millichap is pleased to present to market 604 West G Street, a nine-unit apartment building in Wilmington, California. The building is a 1963 construction with a mix of eight one-bedroom/one-bath units and one three-bedroom/two-bath townhome-style unit. Amenities include on-site laundry, 12 parking spaces, private balconies for second-floor units, an owner’s storage room, and new vinyl windows in select units. All units are separately metered for gas and electricity. 604 West G Street is well-situated in Wilmington on a corner lot directly across from St. Peter - St. Paul private school and two blocks from a Food4Less grocery store. With 36 percent potential upside in rents, this offering is a great value-add opportunity in a strong rental market.
Exclusively Listed By
Financing By
