1341 N Fries , Wilmington, CA 90744
Description
Value-Add Triplex Opportunity in West Wilmington
Rare opportunity to acquire a true income-producing triplex featuring three separate units: two 2-bedroom/1-bath units and one 3-bedroom/1-bath unit, each with private entrances and individual yard space a configuration desirable for long-term rental stability.
Property is currently subject to the City of Los Angeles LAHD REAP program and is expected to be removed from REAP at the close of escrow. Seller reports approximately $40,000 invested in recent repairs, with substantial corrective work completed. Per seller, most items have been addressed, with remaining corrections pending in Unit 1343.
Current rental income reflects REAP-adjusted amounts. Projected gross rental income upon removal from REAP is approximately $3,346.81 per month, offering long-term upside potential for rental optimization and income growth.
Strategically located near Pacific Coast Highway, the 110 Freeway, schools, shopping, and major employment centers within a high-demand rental corridor.
Address
Open on Google Maps- Address 1341 N Fries
- State/county CA
- Zip/Postal Code 90744
- Country US
Details
Updated on March 3, 2026 at 12:42 am- Property ID: DW26034349
- Price: $760,000
- Property Size: 2192 Sqft
- Land Area: 0.1675 Acres
- Garages: 2.0
- Garage Size: x x
- Year Built: 1929
- Property Type: Triplex, Residential Income
- Property Status: Active
Additional details
- Listing Terms: Cash,Private Financing Available
- Roof: None
- Utilities: Cable Available,Sewer Connected,Water Available,Water Connected
- Sewer: Public Sewer
- Cooling: Wall/Window Unit(s)
- Heating: Gravity,Wall Furnace
- County: Los Angeles
- Property Type: Residential Income
- Pool: None
- Parking: Concrete,Driveway,On Site,Uncovered
- Community Features: Curbs,Street Lights,Sidewalks,Urban
- Architectural Style: Spanish, Traditional
