1111 Ravenna Wilmington CA - Duplex Apartment for Sale

Just reduced $10,000.  Live in one unit and collect $950/month from the other unit! Each unit is one bedroom with interior laundry area and one space in the two-car garage.  One unit’s kitchen was recently remodeled with new cabinetry, granite counters and stainless appliances. The other unit is upgraded with stainless appliances as well.

Update: The sellers added new carpeting to the 1111 bedroom.

1111 & 1113 Ravenna Ave, Wilmington CA

  • $355,000 listing price
  • Two one bedroom, one bath units.  One unit has remodeled kitchen.  Some appliance upgrades.
  • Garage with two spaces.
  • 1152 sq.ft. building
  • 3630 sq.ft. lot
  • West Wilmington location is one of the highest demand rental areas of the city.

Of course you could also rent out both units and make roughly $24,000 a year in gross rental income.  With one unit vacant, you can set the rent rate for that and choose your tenant.

Income – One unit will be delivered vacant at close of escrow.

  • Proforma annual gross rental income if both units rented out – $24000
  • 1 Bed/1 Bath rent – $950/month current rent
  • 1 Bed/1 Bath rent – $1050/month (proforma based on actual offers from prospective tenants)

Call us soon, this one won’t last!

Josh Toering, Realtor at Charlemagne Intl Properties
ToeringandTeam@gmail.com or use our contact form
310-525-9440

 

Front

Side by side one-bedroom units with laundry hook-ups inside.

 

garage

Each unit gets a garage space.

 

living room

Nice detail features inside.

 

side

Side access to the garage.

 

full bathroom

Updated bathroom

1111 Ravenna Ave Wilmington - Bedroom

Bedroom1111 Ravenna Ave Wilmington - Front room (2)

Front Room with large storage closet1111 Ravenna Ave Wilmington - Front room

Front room with decorative mantle.1111 Ravenna Ave Wilmington - Kitchen

Kitchen with stainless steel appliances.

 

Josh Toering, Realtor at Charlemagne Intl Properties
ToeringandTeam@gmail.com or use our contact form
310-525-9440