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Multifamily

604 W G St

604 W G St, Los Angeles, CA 90744

Listing Price: $1,638,000

Cap Rate
5.74%
Number of Units
9
Price/Unit
$182,000
Price/Gross SF
$253.09
Gross SF
6,472

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.

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

Multifamily

604 W G St

Listing Price: $1,638,000

Cap Rate
5.74%
Number of Units
9
Price/Unit
$182,000
Price/Gross SF
$253.09
Gross SF
6,472

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

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