1001-1005 W G St - Apartments FOR SALE


Wilmington, CA 90744
$2,195,000 USD
310-480-2130
1001-1005 W G St, Wilmington, CA for Sale
$2,195,000 USD
Apartments - FOR SALE
1/18
null | 5.08% Cap Rate

1001-1005 W G St
Wilmington, CA 90744


HIGHLIGHTS

  • 12-unit value-add opportunity in Wilmington featuring a strong unit mix of (10) 2-bedroom and (2) 1-bedroom units.
  • Approximately 53% rental upside through interior renovations, organic turnover, rent increases, or potential cash-for-keys strategies!
  • Well-maintained asset with recent capital improvements including a newer roof, fully updated electrical, and individually metered utilities.
  • Walk Score of 86, offering tenants convenient access to nearby retail, dining, entertainment, and public transit!
  • Professionally managed and well-positioned for a new owner to capitalize!

OVERVIEW

The Cohen Group is pleased to present our latest investment opportunity: 1001 & 1005 West G Street. Located in the heart of Wilmington, this twelve unit property offers an attractive unit mix of ten spacious two bedroom units and two well proportioned one bedroom units. As an investment, this is a genuine value add opportunity. The units are clean,functional, and currently rented at solid levels, yet they lack the contemporary finishes that drive premium rents in the area. This creates a compelling 53% rental upside for a new owner to capture through strategic improvements, organic unit turns, targeted rent increases, or even potential cash for keys agreements. The property has benefited from years of professional, detail-oriented management, with a strong emphasis on long term building health. Several major capital improvements have already been completed, significantly reducing near term maintenance exposure: • The entire electrical infrastructure has been modernized from top to bottom, enhancing safety, improving reliability, and reducing future capital risk. • Each unit is separately metered with individual water heaters, improving NOI and simplifying operations. • Secure, Gated Parking Controlled access and improved lighting enhance tenant satisfaction and retention. Beyond the physical asset, the economic fundamentals of the immediate area are exceptionally strong. Wilmington sits adjacent to the Port of Los Angeles and Port of Long Beach, which together form the largest container port complex in North America. This port system is not only a global logistics hub — it is also the largest employment engine in the region, supporting nearly 230,000 jobs locally and more than 3 million jobs nationwide. These ports handle over 16 million TEUs annually, underscoring their scale and long term economic relevance. This concentration of port-driven employment creates a stable, blue collar tenant base with consistent housing demand. The broader Los Angeles–Long Beach metro area also maintains a labor force of over 5 million workers, with more than 4.7 million employed as ofthe latest data. This deep and diverse employment pool further reinforces the reliability of rental demand in Wilmington. With a Walk Score of 86, the property offers excellent access to nearby retail,entertainment, and transit options — a strong complement to the steady employment base generated by the ports and surrounding industrial corridor. For investors seeking a building with clear, actionable upside, strong in place capital improvements, and proximity to one of the most economically resilient employment centers in the country, 1001 & 1005 West G Street is a standout opportunity! To discuss writing your offer or to request additional details, contact Josh Cohen today.

FOR SALE DETAILS

PRICE

$2,195,000 USD

PRICE/SF

$268 USD /SF

# OF UNITS

12

PRICE/UNIT

$182,917

CAP RATE

5.08%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1958

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,336 SF

ZONING

LAR3

APN/PARCEL ID

7416-012-016,7416-012-017

ASK ABOUT THIS PROPERTY

Joshua CohenThe Cohen GroupMore Info
310-480-2130

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Joshua CohenThe Cohen GroupMore Info
310-480-2130

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.