Wilmington Homes with Apartment Subtype

Wilmington Homes with Apartment Subtype

Welcome to Wilmington, California – a vibrant gem nestled in the heart of Los Angeles County! With its rich history, diverse community, and picturesque coastal views, Wilmington offers a unique blend of urban convenience and suburban charm. Known for its bustling port and maritime heritage, this city is not just a hub for commerce, but also a welcoming home for families and individuals alike.

Wilmington's strategic location makes it a prime spot for those seeking easy access to the bustling streets of downtown Los Angeles, while still enjoying the laid-back atmosphere of a close-knit community. The city boasts a variety of recreational parks, family-friendly events, and a thriving local culture, making it an ideal place for those looking to settle down.

When it comes to housing, Wilmington offers a fantastic selection of homes with apartment subtypes, catering to diverse lifestyles and preferences. Whether you’re a first-time homebuyer, an investor, or looking for a multi-generational living arrangement, Wilmington’s homes with apartment subtypes provide the perfect opportunity. These properties often feature separate entrances, private living spaces, and shared amenities, allowing for both privacy and connection.

Imagine enjoying the spaciousness of your own home while also having the flexibility of an additional apartment to accommodate guests, generate rental income, or create a cozy space for family members. With Wilmington’s affordable housing market and vibrant community spirit, you’ll find the perfect place to call home. Come explore the endless possibilities that await you in Wilmington, where coastal living and community charm come together beautifully!

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.