1020 Broad, Wilmington, CA 90744

Wilmington
Local realty services provided by:ERA Donahoe Realty
1020 Broad,Wilmington, CA 90744
$1,375,000
  • - Beds
  • - Baths
  • 6,480 sq. ft.
  • Multi-family
  • Pending
Listed by: steven bogoyevac, david o'keefe
Office: steven m. bogoyevac, broker562-436-5800
MLS#:PW26084807
Source:CRMLS

Price summary

  • Price:$1,375,000
  • Price per sq. ft.:$212.19

About this home

1020 Broad Avenue is an excellent investment opportunity for an investor looking for a value-add acquisition with a massive 71 percent rental upside potential and a strong unit mix in a dense rental submarket undergoing significant redevelopment. 1020 Broad Avenue is a 1958 construction with eight two-bedroom/one-bath units that are separately metered for gas and electricity. The building is situated on a 8,483-square foot lot that offers surface parking both in the front and rear of the building. The building also offers shared laundry facilities. The property boasts several recent substantial improvements, including a new roof and water heater in 2020, replacement of the second-story walkway for SB721 compliance in 2021, and the complete remodeling of two unit interiors at a cost of approximately $50,000. Wilmington is in the midst of a transformation driven by significant public and private investment along the LA Waterfront. The Port of Los Angeles recently delivered the...

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Home facts

  • Year built:1958
  • Listing ID #:PW26084807
  • Added:59 day(s) ago
  • Updated:June 19, 2026 at 07:41 AM

Rooms and interior

  • Living area:6,480 sq. ft.

Structure and exterior

  • Year built:1958
  • Building area:6,480 sq. ft.
  • Lot area:0.19 Acres
  • Lot Features:Rectangular Lot

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$1,375,000
  • Price per sq. ft.:$212.19

Parking

  • Total parking spaces:8
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