609 W E St 4 Unit Apartment Building $995,000 ($248,750/Unit) 7.76% Cap Rate Wilmington, CA 90744

We are pleased to offer this 4-unit multifamily investment opportunity, located in the City of Wilmington. The unit mix consists of four (4) fully renovated one-bedroom/one-bath units, offering a rare opportunity to lease up at market rents from day one. Recent capital improvements include fresh exterior paint, a new roof (2019), newly built enclosed patios, new landscaping, and individual water submeters, enhancing curb appeal, tenant experience, and operational efficiency. All four units feature new vinyl plank flooring, kitchen cabinets with quartz countertops, new bathroom vanities, and shower/tub surrounds. Each unit is separately metered for water, gas, and electricity, providing long-term expense control. The property also offers four (4) on-site parking spaces, a valuable amenity in a dense urban environment.
Call/email Griffin White for complete package. PLEASE NOTE THE FOLLOWING: 1) DO NOT DISTURB THE TENANTS 2) Interior Inspection/Books & Records Granted with an Accepted Offer. 3) Submit Proof of Funds & Pre-Qualification Letter with Offer. Broker/agent do not guarantee the accuracy of the square footage, lot size, development potential, or any other information concerning the conditions or features of the property provided by the Seller or obtained from public records or other sources. Buyer is advised to independently verify and complete own due diligence to verify accuracy of all information through physical and personal inspections and with appropriate professionals.