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$ 3,120,000
Est. payment | /mo
0.31 Acres Lot
$ 3,120,000
Est. payment | /mo
0.31 Acres Lot
Key Details
Property Type Apartment
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID OC26175414
HOA Y/N No
Year Built 1963
Lot Size 0.310 Acres
Property Sub-Type Apartment
Property Description
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 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.
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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 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
Location
State CA
County Los Angeles
Area 122 - Harbor Gateway
Interior
Fireplace No
Laundry None
Exterior
Parking Features None
Pool None
Community Features Urban
Total Parking Spaces 16
Private Pool No
Building
Lot Description 36-40 Units/Acre
Story 2
Sewer Sewer Tap Paid
Water Public
New Construction No
Others
Senior Community No
Tax ID 7416016007
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Special Listing Condition Standard
Listed by Mike Marcu Mike Marcu, Broker 949 688 1224, DRE #00919594
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