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33504173
33504172

943 Broad Ave, Wilmington, CA 90744

SH
CA 01718399
$1,899,000
0 days on market
Updated 0 days ago
Opportunity zone

943 Broad Ave

Details
APN 7423-005-035
Property Type Multifamily
Sub Type Apartment Building
Square Footage 4,933
Units 3
Beds 15
Cap Rate 6.61%
NOI $125,457
Occupancy 100%
Tenancy Multi
Price per SqFt $385
Year Built 2018
Buildings 2
Acreage 0.180
Zoning LAR3
Parking Spaces 6 spaces
Parking Per SqFt 1.22
Investment Type Stabilized
Ownership Fee

Multifamily | 6.61% CAP | 3 Units

Marketing description

Excellent investment opportunity to own a modern triplex built in 2019, boasting an impressive cap rate of over 6%. Notably, this property is NOT subject to rent control (AB 1482 exempt), providing a significant advantage for future rental upside and investment flexibility. This expansive 5,100 sq. ft. property consists of three spacious units, each featuring 5 bedrooms and 3 full bathrooms with bright, open floor plans. The interiors are finished with premium granite countertops, durable tile flooring in the living areas, and stylish laminate in all bedrooms. Designed for low-overhead management, each unit is separately metered for water, electricity, and gas, significantly minimizing owner maintenance expenses. Residents will enjoy private balconies with outside views, individual laundry areas, and a private, intimate green backyard for the detached unit. The property is fully gated and secured with metal screen doors, providing peace of mind and six designated parking spots. This is a rare, turn-key asset perfect for any serious investor's portfolio.

Investment highlights

  • Modern triplex built in 2019
  • Cap rate of over 6%
  • NOT subject to rent control (AB 1482 exempt)
  • 5,100 sq. ft. property with three spacious units
  • Each unit features 5 bedrooms and 3 full bathrooms
  • Premium granite countertops and durable tile flooring
  • Each unit separately metered for water, electricity, and gas
  • Private balconies with outside views
  • Individual laundry areas in each unit
  • Fully gated and secured with metal screen doors
  • Six designated parking spots
  • Turn-key asset perfect for investors

Listing Contacts

SH
CA 01718399

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$125,457.00
$10,454.75/mo

Valuation Metrics

0
DSCR
6.61%
Cap Rate
6.61%
ROI

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Additional Information

Name
Ssara Hwang
License
01718399
Brokerage
Urban Real Estate
Brokerage Phone
2135909908
Title
Broker Associated
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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