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1445 N Wilmington Blvd 4 Unit Apartment Building $915,000 ($228,750/Unit) 5.90% Cap Rate Wilmington, CA 90744
Investment Highlights
- One Unit will be Delivered Vacant & Renovated | Ideal for an Owner-User
- Dense Infill Location Central to Employment, Located in Close Proximity to the Port of Los Angeles, Harbor Freeway (110) & Long Beach
- Approx. 60% Rental Upside Through Organic Turnover and/or Tenant Buyouts
- Ample Parking, There are 7 Total Parking Spaces for 4 Units
- SB1211 Potential – Large Rear Lot for Detached ADUs (Buyer to Verify)
Executive Summary
1445 N. Wilmington Blvd presents the opportunity to acquire a well-located four-unit multifamily property in the heart of Wilmington. Built in 1965, the property consists of four spacious 2-Bedroom/1-Bath units totaling approximately 2,867 square feet of rentable building area situated on a 4,781-square-foot lot. Offered at a 5.90% current CAP rate and 11.63 current GRM, the property provides investors with exceptional value-add potential through rental repositioning. Three of the four units are occupied by long-term tenants paying substantially below-market rents, while one unit has been fully renovated and is currently vacant, allowing a new owner to immediately lease the unit at market rent. Upon stabilization, the property is projected to achieve an impressive 11.43% pro forma CAP rate and 6.93 pro forma GRM.
Offered at just $228,750 per unit, the property presents an attractive basis relative to replacement cost and comparable sales. Ideally located near the Port of Los Angeles, the Port of Long Beach, the Harbor Freeway (110), Pacific Coast Highway, and numerous industrial, logistics, and employment centers, the property benefits from strong and consistent rental demand. This offering presents investors with the opportunity to acquire a stable income-producing asset with immediate cash flow upside and significant long-term appreciation potential.
Offered at just $228,750 per unit, the property presents an attractive basis relative to replacement cost and comparable sales. Ideally located near the Port of Los Angeles, the Port of Long Beach, the Harbor Freeway (110), Pacific Coast Highway, and numerous industrial, logistics, and employment centers, the property benefits from strong and consistent rental demand. This offering presents investors with the opportunity to acquire a stable income-producing asset with immediate cash flow upside and significant long-term appreciation potential.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $915,000 | Property Subtype | Apartment |
| Price Per Unit | $228,750 | Building Class | C |
| Sale Type | Investment | Building Size | 2,867 SF |
| Cap Rate | 5.90% | No. Stories | 2 |
| No. Units | 4 | Year Built | 1965 |
| Property Type | Multifamily | Parking Ratio | 2.44/1,000 SF |
| Zoning | RD1.5 - Restricted Density Multiple Dwelling | ||
| Price | $915,000 |
| Price Per Unit | $228,750 |
| Sale Type | Investment |
| Cap Rate | 5.90% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Building Size | 2,867 SF |
| No. Stories | 2 |
| Year Built | 1965 |
| Parking Ratio | 2.44/1,000 SF |
| Zoning | RD1.5 - Restricted Density Multiple Dwelling |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | $1,960 | - |
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Some public transit
50/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 7414-025-031 | Improvements Assessment | $200,964 |
| Land Assessment | $238,643 | Total Assessment | $439,607 |
Property Taxes
Parcel Number
7414-025-031
Land Assessment
$238,643
Improvements Assessment
$200,964
Total Assessment
$439,607
Contacts
-
Brett Lyon -
Larson Harley -
Woody Stahl -
Lyon Stahl Investment Real Estate, Inc.
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