$1,199,000
Off Market

1236 N Wilmington Boulevard

Wilmington, CA 90744
0.31 acres | #IV22115663
Listing OfficeDOLAN REALTY COMPANY
Type:Purchase
Structure:Commercial
Zone:Commercial

Description

Rare opportunity for an investor or developer! Huge 13,340 sqft lot with 2 street curbs ( 1 on left side & 1 on right side)! Zoned LAC 1.5, per LA zoning, the lot could allow up to 33 residential units (Buyers to verify zoning and complete their own due diligence)! Currently setup as a mixed use property with 3 meters consisting of approximately 4,000 sqft of commercial retail storefront space on ground floor (setup as 3 units each with their own bathroom) and a remodeled 1000 sqft residential 2 bd, 1 ba, unit on 2nd floor! Additional detached oversized 2-car garage in rear approx 400 sqft! High car and walk traffic throughout the day! Just a couple minutes from the upcoming Wilmington Waterfront Promenade development! Currently fully vacant, allows you to rent out at market rates and not be locked into to old leases! Potential 7-9% Cap Rate!

Location

Nicole StoberReal Estate Group
OR