Wilmington, CA 90744,1407 E Colon ST
Wilmington, CA 90744,1407 E Colon ST
Wilmington, CA 90744,1407 E Colon ST
Wilmington, CA 90744,1407 E Colon ST
Wilmington, CA 90744,1407 E Colon ST
Wilmington, CA 90744,1407 E Colon ST
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$890,000

$849,000

4.8%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

Est. payment /mo

4,739 Sqft Lot


SOLD DATE : 05/19/2022

Key Details

Sold Price $890,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

MLS Listing ID SB22069717

Sold Date 05/19/22

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

Interior

Fireplace No

Laundry Inside, In Kitchen

Exterior

Pool None

Community Features Street Lights, Sidewalks

Private Pool No

Building

Lot Description Back Yard

Sewer Public Sewer

Water Public

New Construction No

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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thomas@thomasryan.realestate

4016 Grand Ave Suite A # 1082, Chino, CA, 91710, United States

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