26 days on rocket

823 N Lagoon Ave, Wilmington, CA, 90744

$1,795,000

Home List Price

$10,000*

Closing Credit

0 Baths
Condo

Location

Image provided by Mapbox

Get An Agent. Get A Mortgage.

Save BIG.

Rocket Homes logo

823 N Lagoon Ave, Los Angeles$1,795,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

Rocket Homes logo

Still Have Questions? Contact Us.

Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeCondominium
ParkingGarage
Garage7 spaces
Year Built1965
MLS #SR24206788
Lot Size0.17 Acres
StatusActive

About 823 N Lagoon Ave

We are proud to present The Sapphire Crest, a stunning 2-story, 7-unit multifamily investment property located at 823 Lagoon Ave. Wilmington, CA. This garden-style apartment building boasts curb appeal, totals ±5,301 building square feet on a ±7,512 square foot lot, and is zoned LARD1.5. The property was built in 1965 and tastefully renovated in 2023, including a remodel of all interior units, a new roof, windows, and drought-tolerant landscaping. In addition, all the electrical sub-panels are new and recently installed in May 2024. The unit mix is comprised of 4 one-bedroom/one-bath units, 1 two-bedroom/two-bath unit, and 2 two-bedroom/one and one half-bath townhome-style units. These well-appointed apartment units include wall A/C units, new flooring, kitchens, bathrooms, and plenty of cabinet and storage space. In addition, drawings have been completed for an ADU comprised of 1 two-bedroom/two-bath unit totaling +/- 760 square feet. The building construction is comprised of a wood frame and stucco exterior with brick accents, a flat roof, and a freshly painted exterior. The property is separately metered for gas & electricity. Building amenities include laundry room and garage parking for 7 cars on-site via 2 two-car garages and 3 one-car garages. This investment opportunity presents an ideal turnkey, high-income producing asset with stabilized rents, a 6.36% Cap Rate, and attractive day-1 cash flow for an investor looking to acquire a low-maintenance stabilized asset. Aesthetically, the property gushes with pride of ownership, and charm and offers some of the nicest apartment rentals in Wilmington for a few lucky tenants to be proud to call their home. The Sapphire Crest is ideally located in a desirable residential community of Wilmington within Los Angeles County, offering residents easy access to a host of amenities and nearby cities. Situated near cities like Long Beach, San Pedro, Carson, Torrance, and Lakewood, this property benefits from a convenient location within proximity to various shopping centers, restaurants, entertainment venues, and recreational facilities. The building is a short distance drive to the 110 and 1 Freeways. It is a roughly 15-minute drive to Long Beach Harbor and the Queen Mary. The property itself boasts a 98 Walk Score and 86 Bike Score as it is near many stores and restaurants.

Property Details

Property Features

Property Information:

  • Year Built: 1965
  • Stories: 2

Listing Office:

  • Office Name: Equity Union
  • Office Phone: (818) 581-5829
  • Listing Agent: Raymond Rodriguez

Exterior Features

Exterior Information:

  • Private Pool: No

Parking Information:

  • Garage Space: 7 spaces
  • Parking: Garage

Virtual/3D Tour

  • 3D Tour: 823 N Lagoon Ave
3D Tour

Lot Features

Lot Information:

  • Lot Size: 0.17 Acres

School Info

Assigned Schools Information:

  • Harbor Teacher Preparation Academy, Public District Grades 9-12
  • Phineas Banning Senior High School, Public Magnet Grades 9-12
  • Math, Science, & Technology Magnet Academy at Roosevelt High School, Public Magnet Grades 9-12
  • Wilmington Middle School, Public District Grades 6-8
  • Studio, Public District Grades 6-8
  • George De La Torre Jr. Elementary School, Public District Grades KG-5
  • Point Fermin Elementary School, Public Magnet Grades KG-5
  • Melrose Avenue Elementary School, Public Magnet Grades KG-6

Other

Directions Information:

  • Directions: 823 N Lagoon Ave. Wilmington, CA 90744

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,795,000
House and calculator

What can I afford?

Understand what home price range makes sense for your budget.

Housing Market Comparison

See how this home compares to others in Los Angeles, CA.

Map thumbnail provided by MapBox

Los Angeles, CA

City

Med. Sold Price

$1.0M

Med. Price/SqFt

$640

Avg. Days On Market

36

# of Sold Homes

1331

823 N Lagoon Ave vs Los Angeles

26 DAYS ON ROCKET

-10 Days

$1,795,000

+$782.5K More

KEY TAKEAWAY

This property is $782.5K more than the Median Sold Price in Los Angeles, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #SR24206788

Listing Office:

  • Office Name: Equity Union
  • Office Phone: (818) 581-5829
  • Listing Agent: Raymond Rodriguez

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 10/31/2024, 11:20:53 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$9,026

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$5,448

Powered By

Rocket Mortgage

Advertisement

NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-897908
4
/10

  • George De La Torre Jr. Elementary School

  • 500 Island Ave

  • 0.31 miles

  • Public District Grades KG-5

school-card-donut-897909
6
/10

  • Point Fermin Elementary School

  • 3333 S Kerckhoff Ave

  • 4.75 miles

  • Public Magnet Grades KG-5

school-card-donut-897910
9
/10

  • Melrose Avenue Elementary School

  • 731 N Detroit St

  • 21.46 miles

  • Public Magnet Grades KG-6

Middle School

school-card-donut-897911
4
/10

  • Wilmington Middle School

  • 1700 Gulf Ave

  • 1.26 miles

  • Public District Grades 6-8

school-card-donut-897912
4
/10

  • Studio

  • 2211 W Avenue 30

  • 22.47 miles

  • Public District Grades 6-8

High School

school-card-donut-897913
10
/10

  • Harbor Teacher Preparation Academy

  • 1111 Figueroa Pl

  • 0.94 miles

  • Public District Grades 9-12

school-card-donut-897914
5
/10

  • Phineas Banning Senior High School

  • 1527 Lakme Ave

  • 1.02 miles

  • Public Magnet Grades 9-12

school-card-donut-897915
8
/10

  • Math, Science, & Technology Magnet Academy at Roosevelt High School

  • 456 S Mathews St

  • 18.05 miles

  • Public Magnet Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $32,752. Residents of Los Angeles, CA typically earn less than $35k each year. Residents typically live in married, with kids family. Most residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 823 N Lagoon Ave

What is the listing price of this property?

The listing price of 823 N Lagoon Ave property is $1,795,000.

What type of property is this?

The property 823 N Lagoon Ave is a condo located in Wilmington, California, 90744.

Is this property for sale now?

Active Listing: 823 N Lagoon Ave is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 823 N Lagoon Ave are:
George De La Torre Jr. Elementary School: GreatSchools Rating 4/10
Point Fermin Elementary School: GreatSchools Rating 6/10
Melrose Avenue Elementary School: GreatSchools Rating 9/10
Wilmington Middle School: GreatSchools Rating 4/10
Studio: GreatSchools Rating 4/10
Harbor Teacher Preparation Academy: GreatSchools Rating 10/10
Phineas Banning Senior High School: GreatSchools Rating 5/10
Math, Science, & Technology Magnet Academy at Roosevelt High School: GreatSchools Rating 8/10

Which year was this property built?

The year of construction for 823 N Lagoon Ave is 1965.

Rocket Homes›California›Los Angeles County›Los Angeles›90744›823 N Lagoon Ave

This home is located at 823 N Lagoon Ave in Wilmington, CA and zip code 90744 in the Wilmington neighborhood. This home, which was built in 1965, sits on a 0.17 acre lot. It has been listed on Rocket Homes since October 05, 2024 and is currently priced at $1,795,000.

Los Angeles, CA housing market in September 2024 saw over 532 listings sold above listed price, more than 180 sold at listed price and over 619 sold below. The number of listings in Los Angeles, CA increased by 10.6% between August 2024 and September 2024. In September 2024 median list price was $1,012,476 and the average listing age was 36 days.

From Rocket Homes Real Estate and based on county public records data.

More Resources