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823 Lagoon , Wilmington, CA 90744
Priced at Only: $1,650,000
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Address: 823 Lagoon , Wilmington, CA 90744
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  • MLS#: SR26022311 ( Apartment )
  • Street Address: 823 Lagoon
  • Viewed: 1
  • Price: $1,650,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1965
  • Bldg sqft: 0
  • Days On Market: 3
  • Additional Information
  • County: LOS ANGELES
  • City: Wilmington
  • Zipcode: 90744
  • Provided by: Equity Union
  • Contact: Raymond Raymond
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    Sapphire Crest is a fully renovated seven unit multifamily property located at 823 Lagoon Avenue in Wilmington, California. The two story, garden style building encompasses approximately 5,301 square feet on a 7,512 square foot LARD1.5 zoned lot. Originally constructed in 1965, the property underwent a comprehensive renovation in 2023, including remodeled interiors, a new roof, new windows, drought tolerant landscaping, and a freshly painted exterior. In May 2024, all electrical subpanels were replaced, enhancing overall system functionality and building condition. The apartment units feature modern finishes, updated kitchens and bathrooms, new flooring, wall mounted air conditioning, and ample cabinet and storage space. The property is separately metered for gas and electricity and includes on site laundry facilities and garage parking for seven vehicles. Architectural drawings have been completed for a potential approximately 760 square foot two bedroom, two bath accessory dwelling unit (ADU), subject to buyer verification and applicable approvals. Sapphire Crest is located within an established residential pocket of Wilmington in Los Angeles County, offering convenient access to surrounding employment areas, coastal communities, and regional transportation corridors. The property is in proximity to Long Beach, San Pedro, Carson, Torrance, and Lakewood. The location provides efficient access to the 110 and 1 Freeways, supporting connectivity throughout the South Bay and greater Los Angeles region. Long Beach Harbor and the Queen Mary are approximately a 15 minute drive. Nearby institutions such as Los Angeles Harbor College and Ken Malloy Harbor Regional Park contribute to the areas residential character and community amenities. The immediate area offers walkable and bike friendly access to nearby retail, dining, and everyday services. The combination of residential setting, access to transportation routes, and proximity to regional destinations supports continued residential use within this coastal submarket.
Features
Building Area Total
  1. 5301.00
Commoninterest
  1. Community Apartment
Common Walls
  1. 2+ Common Walls
Country
  1. US
Electric Expense
  1. 0.00
Fuel Expense
  1. 0.00
Garage Spaces
  1. 7.00
Insurance Expense
  1. 0.00
Laundry Features
  1. Common Area
Levels
  1. Two
Lot Features
  1. Lot 6500-9999
Netoperatingincome
  1. 112797.00
Parcel Number
  1. 7416025027
Pool Features
  1. None
Postalcodeplus4
  1. 4532
Professionalmanagementexpense
  1. 0.00
Property Type
  1. Apartment
Sewer
  1. Public Sewer
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 455694522:CRM
Totalexpenses
  1. 59522.00
Trash Expense
  1. 0.00
Virtual Tour Url
  1. https://my.matterport.com/show/?m=QfroKnJYsat&brand=0
Water Sewer Expense
  1. 0.00
Water Source
  1. Public
Year Built
  1. 1965
Year Built Source
  1. Public Records
Headshot for Associate Xavier Gomez
  1. Xavier Gomez, BrkrAssc,CDPE
  2. RE/MAX College Park Realty
  3. BRE 01736488
  4. Fax: 714.975.9953
  5. Mobile: 714.478.6676
  6. salesbyxavier@gmail.com
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