Wilmington Homes with Apartment Subtype

Wilmington Homes with Apartment Subtype

Welcome to Wilmington, California – a vibrant coastal community nestled in the heart of Los Angeles County. Known for its rich maritime history and diverse culture, Wilmington offers a unique blend of urban convenience and charming residential neighborhoods. Just a stone's throw from the bustling Port of Los Angeles, this city is steeped in a nautical heritage that adds character to its streets and parks.

Wilmington boasts a variety of housing options, with homes featuring apartment subtypes that cater to a wide range of lifestyles. Whether you’re a first-time homebuyer or looking to invest, the homes here provide an excellent opportunity to enjoy the Southern California lifestyle. Many properties offer spacious layouts, modern amenities, and the potential for rental income, making them ideal for families or investors alike.

The community is well-connected, with easy access to major highways and public transportation, ensuring that residents can enjoy all that the greater Los Angeles area has to offer. From the picturesque waterfront views to the charming local shops and eateries, Wilmington is a place where you can truly feel at home.

Outdoor enthusiasts will appreciate the nearby parks and recreational areas, perfect for weekend picnics or leisurely strolls. With a warm climate year-round, Wilmington invites you to enjoy outdoor living to the fullest.

Explore the homes available in Wilmington, CA, and discover the perfect blend of comfort, community, and coastal charm. Your dream home awaits in this hidden gem of Los Angeles County!

Newest Wilmington Homes with Apartment Subtype

$3,120,000
OC26175414 MLS Active Status
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 Current capitalization rate is 5.10% at asking price and the Market capitalization rate exceeds 8%. 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

724 N Wilmington, Wilmington

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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.