724 N Wilmington, Wilmington, CA 90744

Wilmington
Local realty services provided by:ERA North Orange County Real Estate
724 N Wilmington,Wilmington, CA 90744
$2,950,000
  • 2 Beds
  • 1 Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: mike marcu
Office: mike marcu, broker
MLS#:OC26175414
Source:San Diego MLS via CRMLS

Price summary

  • Price:$2,950,000

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...

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Home facts

  • Listing ID #:OC26175414
  • Added:47 day(s) ago
  • Updated:September 28, 2026 at 02:27 PM

Rooms and interior

  • Bedrooms:2
  • Total bathrooms:1

Utilities

  • Sewer:Sewer Connected

Finances and disclosures

  • Price:$2,950,000
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