943 Broad Ave - Apartments FOR SALE


Wilmington, CA 90744
$1,899,000 USD
213-590-9908
943 Broad Ave, Wilmington, CA for Sale
$1,899,000 USD
Apartments - FOR SALE
1/17
null | 6.61% Cap Rate

943 Broad Ave
Wilmington, CA 90744


HIGHLIGHTS

  • High-Capacity Living: Three spacious 5-bed, 3-bath units with private balconies and six secured parking spots.
  • Exceptional 6%+ Cap Rate: A high-yield, turn-key asset offering immediate and strong cash flow.
  • Low-Overhead Management: All units are separately metered for utilities to minimize landlord expenses.
  • Exempt from Rent Control: AB 1482 exemption allows for maximum rental upside and management flexibility.
  • Modern 2019 Construction: Features 5,100 sq. ft. of contemporary living space with premium finishes throughout.

OVERVIEW

Excellent investment opportunity to own a modern triplex built in 2019, boasting an impressive cap rate of over 6%. Notably, this property is NOT subject to rent control (AB 1482 exempt), providing a significant advantage for future rental upside and investment flexibility. This expansive 5,100 sq. ft. property consists of three spacious units, each featuring 5 bedrooms and 3 full bathrooms with bright, open floor plans. The interiors are finished with premium granite countertops, durable tile flooring in the living areas, and stylish laminate in all bedrooms. Designed for low-overhead management, each unit is separately metered for water, electricity, and gas, significantly minimizing owner maintenance expenses. Residents will enjoy private balconies with outside views, individual laundry areas, and a private, intimate green backyard for the detached unit. The property is fully gated and secured with metal screen doors, providing peace of mind and six designated parking spots. This is a rare, turn-key asset perfect for any serious investor's portfolio.

FOR SALE DETAILS

PRICE

$1,899,000 USD

PRICE/SF

$372 USD /SF

# OF UNITS

2835

PRICE/UNIT

$670

CAP RATE

6.61%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2018

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,816 SF

ZONING

LAR3

APN/PARCEL ID

7423-005-035

ASK ABOUT THIS PROPERTY

Koeun HwangUrban Real Estate IncMore Info
213-590-9908

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

Koeun HwangUrban Real Estate IncMore Info
213-590-9908

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