703 W L St - Apartments FOR SALE


Wilmington, CA 90744
$599,000 USD
424-405-3826
703 W L St, Wilmington, CA for Sale
$599,000 USD
Apartments - FOR SALE
1/4
null | 2.79% Cap Rate

703 W L St
Wilmington, CA 90744


HIGHLIGHTS

  • Property consists of a single-family home and a duplex on a corner lot
  • All single-story, two-bedroom/one-bath floor plans
  • Excellent value-add opportunity: current rents are less than half of market rate
  • Property features fenced yards and garage parking
  • Offered as part of a portfolio sale of three Wilmington investment properties

OVERVIEW

PROPERTY TOURS AVAILABLE 1/20/2026 AND 1/22/2026. CONTACT LISTING AGENT FOR DETAILS. Marcus & Millichap is pleased to present to market 703 West L Street, a three-unit multifamily investment property in Wilmington, California. With current rents less than half of market rate and desirable single-story floor plans, this offering is an excellent value-add opportunity in a dense rental submarket. 703 West L Street consists of a two-bed/one-bath single-family home and a duplex with two-bed/one-bath units on a corner lot. The property also offers fenced yards, garage parking and tandem driveway parking spaces. Wilmington continues to be a desirable rental market for investors due to its proximity to the Ports of Los Angeles and Long Beach, major employment hubs, and convenient access to the 110 and 710 freeways. The area benefits from strong and consistent rental demand driven by port-related industries, logistics, healthcare, and ongoing neighborhood revitalization efforts. With limited housing supply and continued investment in the surrounding community, Wilmington remains well-positioned for long-term rental growth, making this property a solid addition to any multifamily portfolio. 703 West L Street is offered as part of a Wilmington portfolio sale along with 1207 Bay View Avenue, a duplex, and 1144 Blinn Avenue, a 12-unit apartment complex. Properties available separately or together.

FOR SALE DETAILS

PRICE

$599,000 USD

PRICE/SF

$307 USD /SF

# OF UNITS

3

PRICE/UNIT

$199,667

CAP RATE

2.79%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1914

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,851 SF

ZONING

LAR1

APN/PARCEL ID

7415-009-001

ASK ABOUT THIS PROPERTY

Steve BogoyevacMarcus & MillichapMore Info
424-405-3826

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Steve BogoyevacMarcus & MillichapMore Info
424-405-3826

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