Listed by Commercial Investment Strategies
$6,998,000
1420 Wilder Ave
Details
APN 1-2-4-24-31
Property Type Multifamily
Sub Type Apartment Building
Square Footage 18,669
Units 39
Cap Rate 2.87%
NOI $200,608
Occupancy 100%
Price per SqFt $375
Year Built 1962
Buildings 2
Stories 4
Lot Size (SqFt) 13,123
Zoning A-2
Parking Spaces 21 spaces
Parking Per SqFt 1.12
Multifamily | 39 Units | $179,436/unit
Marketing description
Calling all seasoned investors-Diamond in the rough! Make this property your crown jewel. Priceless mural on front of building by renowned artist, Hon Chew Hee. Unbeatable location and ultimate desirability for this value-add opportunity. Poured concrete / hollow tile structure with 39 existing units (38 legal: laundry room converted into a studio (19 one-beds, 20 studios) with 21 parking: 16 covered + 5 uncovered. All systems need replacing, and all interiors need to be upgraded. WD hookups on DH end of bldg.
Investment highlights
• Total Units: 39
• Unit Type: 19 One-Beds, 20 Studios
• Parking: 21
• Year Built: 1962
• 13,123sqft of Land
• 18,669sqft of Interior
Listing Contacts
Listed by Commercial Investment Strategies
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$200,608.00
$16,717.33/mo
Valuation Metrics
0
DSCR
2.87%
Cap Rate
2.87%
ROI
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