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1020 Broad, Wilmington, CA 90744

Wilmington
Local realty services provided by:CENTURY 21 Affiliated
1020 Broad,Wilmington, CA 90744
$1,495,000
  • 2 Beds
  • 1 Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: david holstein
Office: the holstein group
MLS#:SB26002296
Source:San Diego MLS via CRMLS

Price summary

  • Price:$1,495,000

About this home

$100K Price Reduction!! Priced well below the cost of replacement, this unique 8 units Apartment Building with ALL 2 Bedroom units has amazing long term upside potential with current rents far below market (approximately 40% upside in rents). Although the asset is subject to LA City Rent Control, the positive side of owning this asset is exceptionally low turnover, low move out, low maintenance expenses, ease of management, and downside protection - (when or if) standard market rents / vacancies pose a challenge to keep up with, these rents can only go UP (most likely). Upgrades & Attributes: The asset has an exceptional units mix with all 2 Bedrooms that are larger than the normal size for the area. All electrical panel have been replaced (2025), the SB721 Balcony Inspection has been completed (2025), New Roof (2020) and still under warranty, NO Soft Story Construction (this is an obstacle with many buildings in CA and not a variable with this asset as all parking is open - no tuck

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Home facts

  • Listing ID #:SB26002296
  • Added:55 day(s) ago
  • Updated:March 02, 2026 at 03:06 PM

Rooms and interior

  • Bedrooms:2
  • Total bathrooms:1

Finances and disclosures

  • Price:$1,495,000
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