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    1038 Watson

    Wilmington, CA 90744
    • $1,199,000
    • STATUS: Active
    • ON SITE: 70 days
    • ID#: DW21028062
    UPDATED: 111 min ago
    $1,199,000
    • 0
      BEDS
    • 0.14
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,750
      SQFT
    • $320
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    2021
    County:

    School Ratings & Info

    Description

    BRAND NEW CONSTRUCTION THAT WILL 100% LEASED BY THE CLOSE OF ESCROW!!!!!!! Check out this brand duplex in the city of Wilmington, two single family residences consisting of two 5 bedroom, 3 bath each unit on an OPPORTUNITY ZONE. This property is conveniently located only minutes away from the recreational beach areas and commercial centers of Long Beach, Carson, Harbor City, Lomita, San Pedro, and to the Port of Los Angeles, also known as "America's port" (10 minutes away). The Port of LA is considered the nation's #1 container port and supports employment for approximately 530,000 people. Investors get to enjoy a nice cashflow off this home with ACTUAL rent figures that total $87,600 of annual gross rent. Amazing 5.6+% CAP rate and 13.6X GRM. Drought resistant landscaping and individually metered units minimize operating expenses and investor/owner time burden. The current tenants will be paying for all expenses including trash, water, electricity, and gas. This duplex has total of 10 bedrooms, 6 baths and 5 parking spaces. This new construction development has all the modern touches for todays market such as laminate flooring, recessed lighting, backsplash and quartz countertops in kitchen, central AC, washroom, and many more features making it the one of the most beautiful homes in the neighborhood. Estimated certificate of occupancy clearance this month and move in date for tenant will be march 1st

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-04-22T19:43:38.973. 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 deemed reliable but is not guaranteed accurate by the MLS or Team Forss Realty Group. Licensed in the State of California, USA.
    www.teamforss.com/homes/114113061
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    1038 Watson Wilmington, CA 90744

    • Price: $1,199,000
    • Status: Active
    • Updated: 111 min ago
    • ID#: DW21028062
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.14
    Acres
    3,750
    SQFT
    $320
    $/SQFT
    2021
    Built
    Neighborhood:
    196 - East Wilmington
    County:
    Los Angeles
    Area:
    196 - East Wilmington
    Property Description
    BRAND NEW CONSTRUCTION THAT WILL 100% LEASED BY THE CLOSE OF ESCROW!!!!!!! Check out this brand duplex in the city of Wilmington, two single family residences consisting of two 5 bedroom, 3 bath each unit on an OPPORTUNITY ZONE. This property is conveniently located only minutes away from the recreational beach areas and commercial centers of Long Beach, Carson, Harbor City, Lomita, San Pedro, and to the Port of Los Angeles, also known as "America's port" (10 minutes away). The Port of LA is considered the nation's #1 container port and supports employment for approximately 530,000 people. Investors get to enjoy a nice cashflow off this home with ACTUAL rent figures that total $87,600 of annual gross rent. Amazing 5.6+% CAP rate and 13.6X GRM. Drought resistant landscaping and individually metered units minimize operating expenses and investor/owner time burden. The current tenants will be paying for all expenses including trash, water, electricity, and gas. This duplex has total of 10 bedrooms, 6 baths and 5 parking spaces. This new construction development has all the modern touches for todays market such as laminate flooring, recessed lighting, backsplash and quartz countertops in kitchen, central AC, washroom, and many more features making it the one of the most beautiful homes in the neighborhood. Estimated certificate of occupancy clearance this month and move in date for tenant will be march 1st
    Exterior Features

    Carport Spaces 4 Carport YN Yes Lot Features 0-1 Unit/Acre Number Of Separate Electric Meters 2 Open Parking Spaces 2 Parking Total 6 Pool Features None Pool Private YN No Property Attached YN No

    Interior Features

    Common Walls No Common Walls Cooling Central Air Cooling YN Yes Fireplace Features None Fireplace YN No

    Property Features

    Additional Parcels YN No Cap Rate 5.6 Common Interest None Community Features Sidewalks Electric Expense 0 Fuel Expense 0 Garage YN No Gross Income 87600 Gross Scheduled Income 87600 Insurance Expense 1012 Land Lease YN No Laundry Features Laundry Room Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashConventionalSubmit Net Operating Income 70220 New Construction YN Yes New Taxes Expense 14640 Number Of Separate Gas Meters 2 Number Of Separate Water Meters 2 Operating Expense 17380 Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Trash Expense 0 Water Sewer Expense 0 Water Source Public

    Listing provided courtesy of Daniel Terrazas of Vip Real Estate Firm


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-04-22T19:43:38.973. 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 deemed reliable but is not guaranteed accurate by the MLS or Team Forss Realty Group. Licensed in the State of California, USA.
     
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    Team Forss Realty Group
    31213 Temecula Parkway
    Temecula CA, 92592