Wilmington Homes with Apartment Subtype

Wilmington Homes with Apartment Subtype

Located in Los Angeles County, California, Wilmington is a vibrant city that offers a unique blend of urban amenities and natural beauty. With its close proximity to the bustling city of Los Angeles and the stunning coastline of Southern California, Wilmington is an ideal place to call home.

Wilmington is a neighborhood that has seen significant growth and development in recent years. It offers a diverse range of housing options, including homes with apartment subtypes. These types of homes are perfect for those seeking a combination of privacy and convenience. Whether you are a young professional, a growing family, or a retiree looking to downsize, homes with apartment subtypes can cater to your specific needs.

Living in a home with an apartment subtype provides numerous benefits. You can enjoy the privacy and independence of having your own space while also having the convenience of additional units that can be rented out for extra income. This is especially appealing in a city like Wilmington, where the cost of living can be high.

In addition to its housing options, Wilmington offers a variety of amenities and attractions. The city is home to beautiful parks, shopping centers, and a vibrant downtown area. Residents can also enjoy easy access to the nearby beaches, hiking trails, and recreational opportunities.

With its prime location, diverse housing options, and abundance of amenities, Wilmington is a city that has something to offer for everyone. If you are looking for a place to call home in Los Angeles County, consider exploring the homes with apartment subtypes in Wilmington.

Newest Wilmington Homes with Apartment Subtype

724 N Wilmington, Wilmington
$2,850,000
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 partially 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.

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