1443 N Wilmington Boulevard, Wilmington, CA 90744

About this property

Renovated 8-unit apartment building with upside priced at only 186k/door in Wilmington. There are 4 fully renovated units, 2 of which can be delivered vacant. This property cash flows day one at 5.5% Cap Rate and 12.9 GRM with almost 50% upside to 9% Cap Rate and 8.8 GRM. There's a laundry room and 8 parking spaces for all units. There's potential to add 2 detached ADUs in the back to reduce price to only 149k/door. Excellent West Wilmington location near 110 FWY, public transit, schools, and shopping!

Listing description from the April 2021 sale, as reported to CRMLS.

Sale history

$1,400,000

Sold April 2021 · listed $1,495,000, on market January 2021 · MLS #21680068 · Source: CRMLS

Listing Agent: Armin Soleimani · Listing Office: Global Platinum Properties, Inc. · Contact: 818-524-0706 · Bought with: Brien Varady · DeasyPennerPodley

$700,000

Sold November 2019 · listed $850,000, on market September 2019 · MLS #NP19219432 · Source: CRMLS

Listing Agent: Kim Avery · Listing Office: Villa Real Estate · Contact: 949-717-6000 · Bought with: Kim Avery · Villa Real Estate

$700,000

Sold November 2019 · listed $850,000, on market September 2019 · MLS #NP19212683 · Source: CRMLS

Listing Agent: Kim Avery · Listing Office: Villa Real Estate · Contact: 949-717-6000 · Bought with: Kim Avery · Villa Real Estate

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