724 N Wilmington
Wilmington, CA 90744
$3,120,000
- 0.31 acres
- Built 1963
Listed by Mike Marcu, Broker · MLS #OC26175414
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724 N Wilmington, Wilmington, CA 90744 · MLS #OC26175414
A FEW THINGS TO NOTICE
What stands out.
Details worth a look
All units are individually metered for gas and electricity, significantly reducing owner operating expenses, while tenants benefit from convenient on-site parking and landscaped courtyard areas.
Year built
Built in 1963.
Property size
0.31 acres listed.
Highlights from the listing description and property details. Confirm features with the listing agent.
THE PROPERTY
Get to know the property.
The property offers investors the opportunity to acquire a well-located workforce housing asset in one of Los Angeles County's strongest rental markets. All units are individually metered for gas and electricity, significantly reducing owner operating expenses, while tenants benefit from convenient on-site parking and landscaped courtyard areas.
Every apartment is a desirable two-bedroom floor plan featuring vinyl flooring and carpet in the living areas, Formica countertops, gas wall heating, range/oven, refrigerator, hood fan, and garbage disposal. The property includes sixteen surface parking spaces, central gas water heating, and attractive landscaped common areas.
Located just minutes from the Port of Los Angeles, Interstate 110, SR-47, and numerous major employment centers throughout the South Bay and Harbor region, the property benefits from consistent tenant demand driven by port-related employment, logistics, manufacturing, healthcare, and transportation industries. The central location also provides convenient access to Downtown Long Beach, San Pedro, Carson, and Torrance.
l.
Investment Highlights
• 16 spacious two-bedroom, one-bathroom apartment homes
• Two-story apartment community on approximately 13,398 SF lot
• Approximately 10,488 rentable square feet
• RUBS in place
• Individually metered for gas and electricity
• Sixteen on-site surface parking spaces
• Landscaped courtyard setting
• Strong workforce housing location serving the Port of Los Angeles and South Bay employment centers
• Opportunity to increase income through unit upgrades and professional management
• Excellent long-term hold in a high-demand Los Angeles County rental market
THE NEIGHBORHOOD
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724 N Wilmington, Wilmington, CA 90744
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THE DETAILS
The details, all in one place.
- Property type
- ResidentialIncome
- Category
- Residential
- Year built
- 1963
- Garage spaces
- 0
- Pool
- No
- Pool features
- None
- Parcel
- 7416016007
- HOA fee
- $0.00
Features and school information are supplied by the listing source. Confirm measurements, school assignments, HOA terms and rental restrictions before making a decision.
OWNERSHIP, WITH A PLAN
Investor outlook.
Explore this property’s rental potential with an all-cash purchase. Monthly rent starts at 5% of the purchase price per year, divided by 12. Adjust it and the other assumptions to explore your scenario.
ERA PROPERTY MANAGEMENT
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$920,000
$989,900
$699,000Listing information
MLS #OC26175414 · California Regional MLS
Listing brokerage: Mike Marcu, Broker
Listing agent: Mike Marcu
Listing status: Active. Record updated . Confirm current availability and price with the listing agent.
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