Wilmington Homes with Apartment Subtype

Wilmington Homes with Apartment Subtype

Welcome to Wilmington, California – a vibrant community nestled in the heart of Los Angeles County. This charming city, with its rich maritime history and diverse culture, offers a unique blend of urban living and coastal charm. Wilmington is strategically located near the bustling Port of Los Angeles, providing residents with easy access to job opportunities while enjoying the serene beauty of nearby beaches.

Wilmington is known for its friendly neighborhoods and strong sense of community, making it an ideal place for families, young professionals, and retirees alike. The city boasts a variety of parks, recreational facilities, and local shops that cater to all lifestyles. With a Mediterranean climate, residents can enjoy year-round sunshine, perfect for outdoor activities and leisurely strolls along the waterfront.

For those considering a home in Wilmington, you’ll find an array of options, including charming homes with apartment subtypes. These versatile properties provide the perfect solution for multi-generational living or additional rental income. Imagine the possibilities of living in a cozy home while having the convenience of an apartment space for guests or tenants.

Whether you’re looking to invest in a property or find your forever home, Wilmington’s real estate market has something for everyone. With a rich array of amenities, a strong community spirit, and a welcoming atmosphere, Wilmington is more than just a place to live; it’s a place to thrive. Come discover why so many are choosing to call Wilmington home!

Newest Wilmington Homes with Apartment Subtype

$3,120,000
OC26175414 MLS Active Status
The Mogharebi Group is pleased to present the opportunity to acquire a 16-unit apartment community located at 720 North Wilmington Boulevard in the City of Wilmington, California. Situated on a 13,398 square foot lot, the property consists of two two-story residential buildings totaling approximately 10,488 square feet and features an attractive unit mix of sixteen two-bedroom, one-bathroom apartments. The Current capitalization rate is 5.10% at asking price and the Market capitalization rate exceeds 8%. 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

724 N Wilmington, Wilmington

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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.