1209 N Wilmington Blvd - Multi-Family FOR SALE


Wilmington, CA 90744
$990,000 USD
310-937-5764
1209 N Wilmington Blvd, Wilmington, CA for Sale
$990,000 USD
Multi-Family - FOR SALE
1/4
null | 3.91% Cap Rate

1209 N Wilmington Blvd
Wilmington, CA 90744


HIGHLIGHTS

  • $222 Per SQFT
  • All Spacious 2 Bedrooms
  • In-Unit Laundry, Ideal for Possible Owner/User
  • One Townhome-Style Unit
  • Off-Street Parking For Each Unit
  • Close to 110 Freeway & L.A. Harbor College

OVERVIEW

Priced at $990,000 ($222 Per SQFT), this 5-unit building features very spacious 2-bedrooms with tenant coveted in-unit laundry. One of the units is a townhome-style apartment with 1.5 baths, ideal for an owner/user. The property features separate gas & electric meters, helping keep utility expenses lower. Each unit has a dedicated parking space. The building is fully occupied with below market rents, upon turnover an new owner can raise rents +/-60%, in total. Future vacant units should have a rental advantage due to their size, laundry capability, and high visibility along Wilmington Blvd. Strategically located just a half-mile from the 110 Freeway, this building offers rapid access to the greater Los Angeles region. It features a convenient commute for a local workforce and is a short drive from the Port of Los Angeles and the Port of Long Beach. Additionally, the property is situated only 0.75 miles from Los Angeles Harbor College.

FOR SALE DETAILS

PRICE

$990,000 USD

PRICE/SF

$222 USD /SF

# OF UNITS

5

PRICE/UNIT

$198,000

CAP RATE

3.91%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

A 5-Unit Apartment

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1965

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,104 SF

ZONING

LAC 1.5

APN/PARCEL ID

7415-013-035

ASK ABOUT THIS PROPERTY

Derek FowlerRE/MAX Commercial & Investment RealtyMore Info
310-937-5764

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Derek FowlerRE/MAX Commercial & Investment RealtyMore Info
310-937-5764

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