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716 Flint Avenue, Wilmington, CA

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716 Flint Avenue

Wilmington, CA 90744 - Beach Cities/Palos Verdes Submarket

Property Type:Hospitality Number of Rooms:48 Status:Existing Year Built:1920
Stories:2 Building Size:9,060 SF Land Area:.15 AC (6,403 SF)
For Sale Price:$1,995,000 Price/Room:$41,563 Cap Rate:7.22 %


Sale Notes:
Arthur Arejian of Vanguard Investments Inc., as exclusive listing agent, is pleased to present an opportunity to purchase a 48 Unit SRO Building in Wilmington, CA. The property is located at 716 Flint Ave, Wilmington, CA 90744. This Asset consists of 48 master metered units. All units are bachelor style and share common bathrooms and showers.

The subject property is situated in a predominantly industrial neighborhood that has a mix of residential on the block. Built in 1923, the property consists of 48 SRO master metered units. All Units are bachelor-style and share common bathrooms and showers. The property has recently undergone significant rehabilitation. A majority of the units have been improved with flooring, electrical, and upgraded bathrooms. This property presents an investor the opportunity to own a potentially high cash flow asset in an extremely dense rental market of Wilmington, CA

Vanguard Investments Inc.
Arthur H Arejian
(323) 512-5600 x100

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