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Patricia Beattie

patricia@brivio.com +1(415) 286-8292

$3,120,000

Est. payment - /mo

0.31 Acres Lot

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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

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

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Listed by Mike Marcu Mike Marcu, Broker 949 688 1224, DRE #00919594

Nearby School & Business

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Patricia Beattie

+1(415) 286-8292

Broker | License ID: 01405369

Broker License ID: 01405369

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724 N Wilmington Wilmington, CA 90744

Patricia Beattie

Key Details

Location

Interior

Exterior

Building

Others

Nearby School & Business

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