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Image 1 - 299 West I Street, Los Angeles, CA 90744, USA - House for sale
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Image 3 - 299 West I Street, Los Angeles, CA 90744, USA - House for sale
Image 4 - 299 West I Street, Los Angeles, CA 90744, USA - House for sale
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Image 7 - 299 West I Street, Los Angeles, CA 90744, USA - House for sale
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Home For Sale In Wilmington, California
299 West I Street, Los Angeles, CA 90744, USA

Home For Sale In Wilmington, California

house for sale
Listed: 06/09/24

299 West I Street, Los Angeles, CA 90744, USA

8 Bed:
10 Bath:
6,312 Sq Ft Living Area:
Price
$ 1,6M
Sold

About This House

Development opportunity. Cash cow building + Value add! 2 lots with 2 APNs. (, 247sf per assessor) and (, 244sf per assessor) Building sits on one APN, buyer can re-develop or sell the other APN. City says minimum 3 (non-rent controlled) units can be added to the vacant lot. Buyer to check. Beautiful character Spanish style building with tile roof. Bread and butter pride of ownership well-maintained 10 units. Significant Rental upside (raise rents, rent out parking spaces) + add laundry machines for more income. See for yourself - the last rental - apt 4 was rented in December 2023 for$1, 500.Market rent is about$16, 400/month, or$196, 800/year. 2023-2024upgrades - exterior paint, stairs, upper and lower decks refinished, new fence, …  Full description

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