Property Description

We are proud to present The Sapphire Crest, a stunning 2-story, 7-unit multifamily investment property located at 823 Lagoon Ave. Wilmington, CA. This garden-style apartment building boasts curb appeal, totals ±5,301 building square feet on a ±7,512 square foot lot, and is zoned LARD1.5. The property was built in 1965 and tastefully renovated in 2023, including a remodel of all interior units, a new roof, windows, and drought-tolerant landscaping. In addition, all the electrical sub-panels are new and recently installed in May 2024. The unit mix is comprised of 4 one-bedroom/one-bath units, 1 two-bedroom/two-bath unit, and 2 two-bedroom/one and one half-bath townhome-style units. These well-appointed apartment units include wall A/C units, new flooring, kitchens, bathrooms, and plenty of cabinet and storage space. In addition, drawings have been completed for an ADU comprised of 1 two-bedroom/two-bath unit totaling +/- 760 square feet. The building construction is comprised of a wood frame and stucco exterior with brick accents, a flat roof, and a freshly painted exterior. The property is separately metered for gas & electricity. Building amenities include laundry room and garage parking for 7 cars on-site via 2 two-car garages and 3 one-car garages. This investment opportunity

Features
: Other
: Other
Address Map
CA
Los Angeles
Wilmington (los Angeles)
90744
823 N Lagoon Avenue
0
W119° 43' 55.5''
N33° 46' 49.5''
823 N Lagoon Ave. Wilmington, C
MLS Addon
Equity Union
Raymond Rodriguez
info@lucrumre.com
CR429598
CR371893796
: Public

Commercial Sale For Sale

823 N Lagoon Avenue, Wilmington (los Angeles), California 90744

5,301 Sqft
$1,795,000
Listing ID #CRSR24206788
Basic Details
Property Type : Commercial Sale
Listing Type : For Sale
Listing ID : CRSR24206788
Price : $1,795,000
Square Footage : 5,301 Sqft
Year Built : 1965
Lot Area : 7,512 Sqft
Status : Active
Property SubType : Other
Agent info
Michael Roberts
Contact Agent