1209 N Wilmington Blvd., Wilmington, CA 90744
- $930,000
- Sold Price
- $930,000
- List Price
- $990,000
- Closing Date
- Jun 16, 2026
- Status
- CLOSED
- MLS#
- SB26079580
- Year Built
- 1965
- Lot Size
- 6,104
- Acres
- 0.14
- Lot Location
- 0-1 Unit/Acre
- Days on Market
- 8
- Property Type
- Multifamily
- Property Sub Type
- Apartment
- Stories
- Two Levels
Property Description
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 a possible 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.
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Additional Information
- Pool Description
- None
- Heat
- Wall Furnace
- Sewer
- Public Sewer
- Water
- Public
- Attached Structure
- Attached
- Number Of Units Total
- 5
- Gross Scheduled Income
- $72,216
- Operating Expense
- 29875
Listing courtesy of Listing Agent: Derek Fowler (dfowler@remax.net) from Listing Office: Re/Max Commercial & Investment.
Listing sold by Mike Marcu from Mike Marcu, Broker
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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.