906 Lakme ave - Apartments FOR SALE


Wilmington, CA 90744
$5,095,000 USD
310-730-9489
906 Lakme ave, Wilmington, CA for Sale
$5,095,000 USD
Apartments - FOR SALE
1/13
null | 6.32% Cap Rate

906 Lakme ave
Wilmington, CA 90744


HIGHLIGHTS

  • NEW CONSTRUCTION
  • ALL SEPERATE UTILITES
  • PAID OFF SOLAR PANELS
  • NEAR 710 AND 110 FWY

OVERVIEW

31 bedrooms/ 35 bath APARTMENT, TOWNHOUSE STYLE!!! WOW New Construction apartment building near the Port of Los Angeles in the final stages of construction! This property sits in the heart of Wilmington and bordered line with San Pedro and Harbor City. Conveniently close to major transits, this property is close to the 110 FWY, PCH, 47 HWY, and 710 FWY. Investors get to enjoy a nice cash flow off this asset with a pro-forma of $422,800 in annual gross rents. Amazing est. 6.% CAP rate and a 12X GRM. Property has total of 31 bedrooms and 35 baths (all en-suites). The unit breakdown consists of: 7 units that 4/4, 1 unit that is 3/3, and 2 units that are 1/1s. This asset has all the modern touches in today’s market such as laminate flooring recessed lighting, central AC and heating, washroom, PAID OFF solar systems, and very low expenses for landlords. All units have separate utilities including water meters. Near retailers include Food-4-Less, El Super, Famous Isaac's Cafe, Mc Donals, WSS and many more. Come check it out before is gone!

FOR SALE DETAILS

PRICE

$5,095,000 USD

PRICE/SF

$392 USD /SF

# OF UNITS

10

PRICE/UNIT

$509,500

CAP RATE

6.32%

% LEASED

0%

STATUS

Under Construction

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

10 Units - 31 Bedrooms/35 Baths

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2026

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.35 AC

LAND SF

15,333 SF

ZONING

LARD3

APN/PARCEL ID

7423-017-046,7423-017-047

ASK ABOUT THIS PROPERTY

Daniel TerrazasVIP RE FirmMore Info
310-730-9489

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Daniel TerrazasVIP RE FirmMore Info
310-730-9489

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.