705 McDonald Avenue

Wilmington, CA 90744

$789,000
Price
6
Beds
3
Baths
2,055 Sq. Ft.
$384 / Sq. Ft.
2,055
Sq. Ft.
$384
per Sq. Ft.

Description

Location ,location,location. Great Investment Opportunity in the City of Wilmington! This triplex is made up of Units consisting of 2 Bedrooms and 1 Bath for each. The Units are attached and each of them have their own separate Garage Areas and a laundry room accessible to all units. The Building is on a Corner Lot and it has a Very Spacious Driveway, Granting Easy Access to their garage and possible potential for an ADU. The Property is Located Close to Schools, Parks, and is in Close Proximity...Location ,location,location. Great Investment Opportunity in the City of Wilmington! This triplex is made up of Units consisting of 2 Bedrooms and 1 Bath for each. The Units are attached and each of them have their own separate Garage Areas and a laundry room accessible to all units. The Building is on a Corner Lot and it has a Very Spacious Driveway, Granting Easy Access to their garage and possible potential for an ADU. The Property is Located Close to Schools, Parks, and is in Close Proximity to Major Freeways. This is a Opportunity you don't want to Miss!
  1. Listed by Patricia Malik • DRE #01722589 • Brokerage DRE #01914690 • West Shores Realty, Inc.

Property Details for 705 McDonald Avenue

Zoning
LARD1.5
Style
Contemporary
Cross Streets
North West Corner of G and McDonald
Parcel Number
7416016038
Total Units
3.0
Living Area
2055
Source Living Area
Vendor Enhanced
Area
West Wilmington (195)
LISTING UPDATED: 11/07/2024 09:18 AM

Property Details for 705 McDonald Avenue

StatusActive
MLS #23-266139
Days on Market598
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1954
Lot Size0.11 AC / 4,801 SF
CountyLos Angeles County

Building Information for 705 McDonald Avenue

Stories1Residences-Year Built1954Building Size-Lot Size0.11 AC / 4,801 SF

Property Information for 705 McDonald Avenue

Community / Development
Community / Development
  • Tax Mello Roos: Unknown
  • Number Of Units: 3
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 1
  • Number Of Buildings: 1
  • Type Of Units: Triplex
  • View: No
  • View Description: None
  • View: None
  • Entry Floor Number: 1
  • Security Features: Carbon Monoxide Detector(s), Fire and Smoke Detection System, Exterior Security Lights, Smoke Detector
  • Water: Water District
  • Sewer: In Street
  • Water Heaters: Yes
  • Additions Alterations: No
  • Building Permit: Yes
Contract Info
Contract Info
  • Probate: No
  • Disclosures: None
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $0
  • Net Operating Income: $30,998.00
  • Gross Income: $36,624
  • Gross Rent Multiplier: $.00
  • Actual Annual Gross Rent: $36,624.00
  • Owner Pays: Water
  • Total Annual Expense: 6636
  • Water Expense: $5,016.00
  • Gas Expense: $192
  • Electric Expense: $1,428.00
Land / Lot Info
Land / Lot Info
  • Land Lease Type: Fee
  • Land Lease: No
  • Additional Parcel Number: No
  • Alley: Yes
  • Lot Acreage: 0.1102
  • Lot Size Square Feet: 4801
  • Lot Location: Alley Access
Parking Details
Parking Details
  • Parking Garage: Attached
  • Total Parking: 3
  • Covered Parking: 3
  • Attached Garage: Yes
Interior Features
Interior Features
  • Levels: Ground Level
  • Cooling: None
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • Tennis: No
  • Tennis Court: None
  • Roof: Composition, Shingle
  • Sprinklers: None
  • Patio Features: Patio Open
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 05-03-2023
  • Listing Terms: Cash To Existing Loan
  • Rent Control: Yes
  • Tenant Pays: Gas, Electricity
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,015.00
  • Unit Actual Rent: $1,015.00
  • Unit Projected Rent: $2,000.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,089.00
  • Unit Actual Rent: $1,089.00
  • Unit Projected Rent: $2,000.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,071.00
  • Unit Actual Rent: $1,071.00
  • Unit Projected Rent: $2,000.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $175,695.00
  • Assessed Improvement Percent: 64.29
  • Assessed Land Value: $97,603.00
  • Assessed Land Percent: 35.71
  • Assessed Total Value: $273,298.00

Property History for 705 McDonald Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 705 McDonald Avenue

Taxable ValueLand$572,220Additions$156,060Total$728,280
Tax Record2024$9,167 ($764 / month)
Home Facts
Total Finished SqFt2,055 SqFtAbove Grade Finished SqFt2,055 SqFtLot Size4,801 SqFtStyleTriplexYear Built1954ZoningLARD1.5CountyLOS ANGELESAPN7416-016-038

Schools near 705 McDonald Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 8
Public - 9 to 12
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
George De La Torre Jr. Elementary School
PublicK to 8

Phineas Banning Senior High School
Public9 to 12

Harbor Teacher Preparation Academy
Public9 to 12

Avalon High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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705 McDonald Avenue is a multi-family home for sale in Wilmington, CA 90744. This property was listed for sale on May 3, 2023 by West Shores Realty, Inc., it's currently listed at $789,000. It has been on the market for a total of 598 days and was last sold on May 3, 2022. This listing's school district is Los Angeles Unified School District. Nearby schools include George De La Torre Jr. Elementary School, Phineas Banning Senior High School and Harbor Teacher Preparation Academy. 705 McDonald Avenue is a 6-bed, 3-bath, 2,055 sqft multi-family home built in 1954.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of West Shores Realty, Inc., Patricia Malik, DRE #01722589

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.