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A 5-Unit Apartment 1209 N Wilmington Blvd 5 Unit Apartment Building $990,000 ($198,000/Unit) 3.91% Cap Rate Wilmington, CA 90744
Investment Highlights
- Surrounded by neighborhood services, retail, and transit connectivity along Wilmington Boulevard.
- In-unit laundry in every unit, a desirable feature that supports strong tenant appeal.
- Located just 0.5 miles from the 110 Freeway, offering easy access to the entire LA region.
- All spacious two-bedroom units, including one unique townhome-style layout with 1.5 baths.
- Dedicated off-street parking for all units and separate metering for gas and electricity.
- Minutes from the Ports of Los Angeles and Long Beach and within walking distance to Los Angeles 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 Under Contract
| Price | $990,000 | Apartment Style | Low-Rise |
| Price Per Unit | $198,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.14 AC |
| Cap Rate | 3.91% | Building Size | 4,452 SF |
| Gross Rent Multiplier | 13.71 | Average Occupancy | 100% |
| No. Units | 5 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1965 |
| Property Subtype | Apartment | Parking Ratio | 1.12/1,000 SF |
| Zoning | LAC 1.5 - Restricted Density Multiple | ||
| Price | $990,000 |
| Price Per Unit | $198,000 |
| Sale Type | Investment |
| Cap Rate | 3.91% |
| Gross Rent Multiplier | 13.71 |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 4,452 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1965 |
| Parking Ratio | 1.12/1,000 SF |
| Zoning | LAC 1.5 - Restricted Density Multiple |
Amenities
Unit Amenities
- Washer/Dryer
- Kitchen
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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A 5-Unit Apartment | 1209 N Wilmington Blvd
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