1152 Blinn Ave 12 Unit Apartment Building $1,399,000 ($116,583/Unit) 6.04% Cap Rate Wilmington, CA 90744

Marcus & Millichap is pleased to present to market 1144 Blinn Avenue, a 12-unit apartment complex in Wilmington, California. This offering is a great value-add acquisition opportunity for any investor looking to capture major upside in a strong rental submarket where vacancy rates are consistently low; current rents are 41 percent below market.
1144 Blinn Avenue consists of two single-story, five-unit buildings and one two-story duplex that surround a large courtyard. All 12 units are one-bed/one-bath floor plans separately metered for gas and electricity. The property also offers seven single-car garages accessed via a rear alley.
The property is located directly across from Wilmington Park Elementary School. 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.
1144 Blinn Avenue is offered as part of a Wilmington portfolio sale along with 1207 Bay View Avenue, a duplex, and 703 West L Street, a triplex. Properties available separately or together.