Wilmington, CA 90744 1050 Lagoon Avenue
$990,000
5 more
Presented By: Nilou Farshchi with HomeSmart, Evergreen Realty; 949-633-8858
- MLS# OC25016580
- 01/23/2025
Disclaimer: The information contained in this listing has not been verified by Sell Buy OC Homes and should be verified by the buyer.
Beds • 8
Baths • 4
SQFT • 2,688
Garage • 5
Home Details
Welcome to this charming quadruplex - 1050 and 1052 Lagoon Ave on a large 7100 sqft lot. Each unit consists of 2 bed 1 bath w/garage (5 garages total) and each unit has its own interior laundry. The units feel like town homes (not apartment style) and have a front and back entrance.
Property upgrades include, exterior paint in 2024, newer windows, newer flooring, newer bathrooms and newer kitchens.
Presented By: Nilou Farshchi with HomeSmart, Evergreen Realty; 949-633-8858
Interior Features for 1050 Lagoon Avenue
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsOneCommonWall, NoOneAbove, NoOneBelow
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesInside
Total Stories1
Other Rooms
Entry Level1
General for 1050 Lagoon Avenue
Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Carport Y/NNo
CityWilmington
Community FeaturesSidewalks
CountyLos Angeles
Directions1050 Lagoon Ave
Electric On Property Y/NNo
Entry Locationfront
Garage Spaces5.0
Garage Y/NYes
Gross Income83520.0
HOANo
Home Warranty Y/NNo
Insurance Expense1700.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Listing TermsCash, CashToNewLoan, Exchange1031
Lot Size Square Feet7112.0
Lot Size UnitsSquareFeet
MLS Area195 - West Wilmington
MobileHomeRemainsYNNo
Net Operating Income68520.0
New ConstructionNo
Number Of Units Total4
Number of Units Leased4
Operating Expense15000.0
Pool FeaturesNone
Property Attached Y/NYes
Property Sub Type AdditionalQuadruplex
Property SubtypeQuadruplex
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Tax Lot130
Taxes$3,327
Total Actual Rent6960.0
Trash Expense0.0
Water Sewer Expense9000.0
Waterfront Y/NNo
Year Built1924
Year Built SourceAssessor
ZoningLARD2
Exterior for 1050 Lagoon Avenue
Building Area Total2688.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesZeroToOneUnitAcre
Lot Size Acres0.1633
Lot Size Area7112.0
Lot Size SourceAssessor
Number of Buildings2
Number of Separate Electric Meters4
Number of Separate Gas Meters4
Number of Separate Water Meters1
Open Parking Y/NNo
Private PoolNo
SpaNo
Total Parking5.0
Water SourcePublic
Additional Details
Price History
Hal Schlegel
Broker Associate