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Image 1 - 823 Lagoon Ave, Wilmington, California, 90744 - House for sale
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Lagoon Ave, Wilmington, Home For Sale
823 Lagoon Ave, Wilmington, California, 90744

Lagoon Ave, Wilmington, Home For Sale

house for sale
Listed: 08/15/24

823 Lagoon Ave, Wilmington, California, 90744

10 Bed:
9 Bath:
5,301 Sq Ft Living Area:
Save
Price
$ 1,8M

About This House

Tremendous upside with a potential for the addition of a two bedroom (App. 760SF) ADU to rear garages, with plans and architectural drawing (see photos). Impressive offering actual CAP Rate of 6.34% / Introducing The Lagoon Flats, an impressive two-story, seven-unit multifamily investment property situated at 823 Lagoon Ave, Wilmington, CA. This charming garden-style apartment building boasts an attractive exterior, encompassing approximately5, 301square feet within a7, 512square foot lot, and holds theLARD1.5zoning designation. Originally constructed in 1965, The Lagoon Flats underwent a tasteful renovation in 2023, featuring remodeled interior units, a new roof, windows, and drought-tolerant landscaping. The unit composition consists of four one-bedroom/one-bath units, one two bedroom/ one-bath unit, and two two-bedroom/one and a half bathroom units.

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Wilmington Housing & Living

Household Income

Median household income: $62,474
Number of households: 1,4M
The average household income in Los Angeles, CA grew from $60,197 to $62,474 in the past year. This data is an estimate based upon 1,4M households in Los Angeles, CA.
The chart below presents how household income is distributed in Los Angeles, CA in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: $3k+
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Los Angeles, CA compared to median property taxes around the country. The prevalent amount of property taxes in Los Angeles, CA equals $3k+ , which is more than the national average.