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724 N Wilmington, Wilmington, CA 90744

Wilmington
Local realty services provided by:CENTURY 21 Lois Lauer Realty
724 N Wilmington,Wilmington, CA 90744
$2,950,000
  • - Beds
  • - Baths
  • 10,448 sq. ft.
  • Multi-family
  • Active
Listed by: mike marcu
Office: mike marcu, broker909-371-1322
MLS#:OC26175414
Source:CRMLS

Price summary

  • Price:$2,950,000
  • Price per sq. ft.:$282.35

About this home

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...

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Home facts

  • Year built:1963
  • Listing ID #:OC26175414
  • Added:46 day(s) ago
  • Updated:September 27, 2026 at 10:50 AM

Rooms and interior

  • Living area:10,448 sq. ft.

Structure and exterior

  • Year built:1963
  • Building area:10,448 sq. ft.
  • Lot area:0.31 Acres

Utilities

  • Water:Public
  • Sewer:Sewer Tap Paid

Finances and disclosures

  • Price:$2,950,000
  • Price per sq. ft.:$282.35

Parking

  • Total parking spaces:16
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