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Listed by Mike Marcu, DRE #00919594 • Mike Marcu, Broker
$ 3,120,000
Est. payment /mo
New
724 N Wilmington Wilmington, CA 90744
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CROC26175414
Year Built 1963
Source California Regional MLS
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 dri
Location
State CA
County Los Angeles
Area 122 - Harbor Gateway
Interior
Laundry None
Exterior
Parking Features No Parking
Garage Spaces 16.0
Pool None
Building
Sewer Sewer Available
Water District - Public
Others
Tax ID 7416016007
Special Listing Condition Not Applicable
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