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1207 Bay View Ave 2 Unit Apartment Building $689,000 ($344,500/Unit) 1.03% Cap Rate Wilmington, CA 90744
INVESTMENT HIGHLIGHTS
- Great opportunity to acquire two two-bed/one-bath homes on one lot
- Property also features on-site parking in the rear
- Offered as part of a Wilmington portfolio sale
- Floor plans average over 800 square feet
- Current rents are less than half of market rate: excellent valueadd opportunity
EXECUTIVE SUMMARY
Marcus & Millichap is pleased to present to market 1207 Bay View
Avenue in Wilmington, California. This asset consists of two twobed/
one-bath single-family homes on one lot that also offers surface
parking. The homes average over 800 square feet and offer tenants
the feeling of single-family home living without single-family home
pricing, driving rental demand. Both units are currently rented at
less than half of market rates, making this offering an excellent
value-add opportunity.
Wilmington continues to be a desirable rental market 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 residential income
portfolio.
1207 Bay View Avenue is offered as part of a Wilmington portfolio
sale along with 1144 Blinn Avenue, a 12-unit apartment complex,
and 703 West L Street, a triplex. Properties available separately or
together.
Avenue in Wilmington, California. This asset consists of two twobed/
one-bath single-family homes on one lot that also offers surface
parking. The homes average over 800 square feet and offer tenants
the feeling of single-family home living without single-family home
pricing, driving rental demand. Both units are currently rented at
less than half of market rates, making this offering an excellent
value-add opportunity.
Wilmington continues to be a desirable rental market 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 residential income
portfolio.
1207 Bay View Avenue is offered as part of a Wilmington portfolio
sale along with 1144 Blinn Avenue, a 12-unit apartment complex,
and 703 West L Street, a triplex. Properties available separately or
together.
PROPERTY FACTS
| Price | $689,000 | Apartment Style | Low-Rise |
| Price Per Unit | $344,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.15 AC |
| Cap Rate | 1.03% | Building Size | 1,633 SF |
| No. Units | 2 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1914 |
| Property Subtype | Apartment | ||
| Zoning | LAR1 - Residential | ||
| Price | $689,000 |
| Price Per Unit | $344,500 |
| Sale Type | Investment |
| Cap Rate | 1.03% |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 1,633 SF |
| No. Stories | 1 |
| Year Built | 1914 |
| Zoning | LAR1 - Residential |
AMENITIES
UNIT AMENITIES
- Kitchen
SITE AMENITIES
- 24 Hour Access
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 2 | - | - |
Walk Score®
Very Walkable (80)
Bike Score®
Very Bikeable (72)
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1207 Bay View Ave
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