Wilmington, CA 90744,1407 E Colon ST
Wilmington, CA 90744,1407 E Colon ST
Wilmington, CA 90744,1407 E Colon ST
30
$890,000
$849,000
4.8%
Est.Price: ?

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6 BD
3 BA
2,536 SqFt

1407 E Colon ST Wilmington, CA 90744

Est. payment /mo
SOLD DATE : 05/19/2022

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Key Details

Sold Price $890,000

Property Type Multi-Family

Sub Type Triplex

Listing Status Sold

Purchase Type For Sale

Square Footage 2,536 sqft

Price per Sqft $350

MLS Listing ID SB22069745

Sold Date 05/19/22

Bedrooms 6

Full Baths 3

HOA Y/N No

Year Built 1963

Lot Size 4,739 Sqft

Property Description

Have a big family or looking for tenants to help pay for your mortgage or get a great investment? Check out this wonderful triplex in Wilmington that can do all 3. Each unit in this triplex has 2 bedrooms and 1 bath. The front building has top and bottom units and the third unit is a detached bungalow with a private front and rear yard. This triplex will be delivered with 2 units vacant - a rare find in today’s market! The third unit will remain with tenants and is collecting $1,750 a month in rent. Triplex has been well maintained with many upgrades totaling almost $100,000 in renovations over recent years. The back and detached unit had complete electrical work done in 2019 and earthquake retrofitted in 2018. New plumbing was installed in the back unit in 2013 and the front units in 2017. The rear unit has all new flooring and drywall in the living room, bathroom and kitchen. The other units have been updated as well and all 3 units had new furnaces installed in 2015. The beautiful stucco and wrought iron fence and gate have been recently installed. The private front yard of the back bungalow has been cemented for easy maintenance this year. This triplex is a perfect opportunity for an investor looking for passive income or a buyer looking to live in one and rent out the others or a multi-family arrangement. Come and take a look today!

Location

State CA

County Los Angeles

Area 196 - East Wilmington

Zoning LAR1

Rooms

Main Level Bedrooms 6

Interior

Cooling None

Fireplaces Type None

Fireplace No

Laundry In Kitchen

Exterior

Pool None

Community Features Storm Drain(s), Street Lights, Sidewalks

View Y/N No

View None

Private Pool No

Building

Lot Description Yard

Story One

Entry Level One

Sewer Public Sewer

Water Public

Level or Stories One

New Construction No

Schools

School District Los Angeles Unified

Others

Senior Community No

Tax ID 7426013030

Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange

Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange

Financing Trade

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Sabrina Castrillon • Century 21 Union Realty
Bought with Kristen Mussenden • Buckingham Investments, Inc

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John Alagna

Agent | License ID: 02073190

+1(909) 821-2781

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