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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.
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
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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1209 N Wilmington Blvd - A 5-Unit Apartment
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