1445 N Wilmington Blvd - Multi-Family FOR SALE


Wilmington, CA 90744
$915,000 USD
310-780-1899
1445 N Wilmington Blvd, Wilmington, CA for Sale
$915,000 USD
Multi-Family - FOR SALE
1/24
null | 5.9% Cap Rate

1445 N Wilmington Blvd
Wilmington, CA 90744


HIGHLIGHTS

  • One Unit will be Delivered Vacant & Renovated | Ideal for an Owner-User
  • Ample Parking, There are 7 Total Parking Spaces for 4 Units
  • Dense Infill Location Central to Employment, Located in Close Proximity to the Port of Los Angeles, Harbor Freeway (110) & Long Beach
  • SB1211 Potential – Large Rear Lot for Detached ADUs (Buyer to Verify)
  • Approx. 60% Rental Upside Through Organic Turnover and/or Tenant Buyouts

OVERVIEW

1445 N. Wilmington Blvd presents the opportunity to acquire a well-located four-unit multifamily property in the heart of Wilmington. Built in 1965, the property consists of four spacious 2-Bedroom/1-Bath units totaling approximately 2,867 square feet of rentable building area situated on a 4,781-square-foot lot. Offered at a 5.90% current CAP rate and 11.63 current GRM, the property provides investors with exceptional value-add potential through rental repositioning. Three of the four units are occupied by long-term tenants paying substantially below-market rents, while one unit has been fully renovated and is currently vacant, allowing a new owner to immediately lease the unit at market rent. Upon stabilization, the property is projected to achieve an impressive 11.43% pro forma CAP rate and 6.93 pro forma GRM. Offered at just $228,750 per unit, the property presents an attractive basis relative to replacement cost and comparable sales. Ideally located near the Port of Los Angeles, the Port of Long Beach, the Harbor Freeway (110), Pacific Coast Highway, and numerous industrial, logistics, and employment centers, the property benefits from strong and consistent rental demand. This offering presents investors with the opportunity to acquire a stable income-producing asset with immediate cash flow upside and significant long-term appreciation potential.

FOR SALE DETAILS

PRICE

$915,000 USD

PRICE/SF

$319 USD /SF

# OF UNITS

4

PRICE/UNIT

$228,750

CAP RATE

5.9%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1965

PARKING SPACES

7

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

7414-025-031

ASK ABOUT THIS PROPERTY

Brett LyonLyon Stahl Investment Real Estate, Inc.More Info
310-780-1899

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

Brett LyonLyon Stahl Investment Real Estate, Inc.More Info
310-780-1899

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