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1209 N Wilmington Blvd - A 5-Unit Apartment 5 Unit Apartment Building Offered at $990,000 at a 3.91% Cap Rate Wilmington, CA 90744
Investment Highlights
- $222 Per SQFT
- In-Unit Laundry, Ideal for Possible Owner/User
- Off-Street Parking For Each Unit
- All Spacious 2 Bedrooms
- One Townhome-Style Unit
- Close to 110 Freeway & L.A. 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.
Data Room Click Here to Access
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$72,216
|
$16.22
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$3,611
|
$0.81
|
| Effective Gross Income |
$68,605
|
$15.41
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$29,875
|
$6.71
|
| Net Operating Income |
$38,730
|
$8.70
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $72,216 |
| Annual Per SF | $16.22 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $3,611 |
| Annual Per SF | $0.81 |
| Effective Gross Income | |
|---|---|
| Annual | $68,605 |
| Annual Per SF | $15.41 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $29,875 |
| Annual Per SF | $6.71 |
| Net Operating Income | |
|---|---|
| Annual | $38,730 |
| Annual Per SF | $8.70 |
Property Facts
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1.5 | 1 | $1,375 | 990 |
| 2+1 | 4 | $1,160 | 810 |
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Some public transit
40/100
Fairly bikeable
50/100
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1209 N Wilmington Blvd - A 5-Unit Apartment
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