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1209 N Wilmington Blvd
Wilmington, CA 90744
A 5-Unit Apartment · Multifamily Property For Sale
·
5 Units
Investment Highlights
- Surrounded by neighborhood services, retail, and transit connectivity along Wilmington Boulevard.
- In-unit laundry in every unit, a desirable feature that supports strong tenant appeal.
- Located just 0.5 miles from the 110 Freeway, offering easy access to the entire LA region.
- All spacious two-bedroom units, including one unique townhome-style layout with 1.5 baths.
- Dedicated off-street parking for all units and separate metering for gas and electricity.
- Minutes from the Ports of Los Angeles and Long Beach and within walking distance to Los Angeles Harbor College.
Executive Summary
Priced at $990,000 ($222 Per SQFT), this 5-unit building features very spacious 2-bedrooms with tenant coveted in-unit laundry. One of the units is a townhome-style apartment with 1.5 baths, ideal for an owner/user. The property features separate gas & electric meters, helping keep utility expenses lower. Each unit has a dedicated parking space. The building is fully occupied with below market rents, upon turnover an new owner can raise rents +/-60%, in total. Future vacant units should have a rental advantage due to their size, laundry capability, and high visibility along Wilmington Blvd.
Strategically located just a half-mile from the 110 Freeway, this building offers rapid access to the greater Los Angeles region. It features a convenient commute for a local workforce and is a short drive from the Port of Los Angeles and the Port of Long Beach. Additionally, the property is situated only 0.75 miles from Los Angeles Harbor College.
Strategically located just a half-mile from the 110 Freeway, this building offers rapid access to the greater Los Angeles region. It features a convenient commute for a local workforce and is a short drive from the Port of Los Angeles and the Port of Long Beach. Additionally, the property is situated only 0.75 miles from Los Angeles Harbor College.
Property Facts Under Contract
| Price Per Unit | $198,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.14 AC |
| Cap Rate | 3.91% | Building Size | 4,452 SF |
| Gross Rent Multiplier | 13.71 | Average Occupancy | 100% |
| No. Units | 5 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1965 |
| Property Subtype | Apartment | Parking Ratio | 1.12/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | LAC 1.5 - Restricted Density Multiple | ||
| Price Per Unit | $198,000 |
| Sale Type | Investment |
| Cap Rate | 3.91% |
| Gross Rent Multiplier | 13.71 |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 4,452 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1965 |
| Parking Ratio | 1.12/1,000 SF |
| Zoning | LAC 1.5 - Restricted Density Multiple |
Amenities
Unit Amenities
- Washer/Dryer
- Kitchen
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1.5 | 1 | $1,375 | 990 |
| 2+1 | 4 | $1,160 | 810 |
Property Taxes
| Parcel Number | 7415-013-035 | Improvements Assessment | $377,810 |
| Land Assessment | $401,928 | Total Assessment | $779,738 |
Property Taxes
Parcel Number
7415-013-035
Land Assessment
$401,928
Improvements Assessment
$377,810
Total Assessment
$779,738
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