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1001-1005 W G St
Wilmington, CA 90744

$2,195,000 USD

Apartments For Sale • 8,182 SF

Property Details

Property Type Apartments
Total Building Size 8,182 SF
Lot Size 0.21 AC
Building Class C
Year Built 1958
Cap Rate 5.08 %
Zoning LAR3

43 Transit Score

86 Walk Score

                
                    Highlights
                
                                12-unit value-add opportunity in Wilmington featuring a strong unit mix of (10) 2-bedroom and (2) 1-bedroom units.
                            
                                Approximately 53% rental upside through interior renovations, organic turnover, rent increases, or potential cash-for-keys strategies!
                            
                                Well-maintained asset with recent capital improvements including a newer roof, fully updated electrical, and individually metered utilities.
                            
                                Walk Score of 86, offering tenants convenient access to nearby retail, dining, entertainment, and public transit!
                            
                                Professionally managed and well-positioned for a new owner to capitalize!

Financial Summary (Actual)

Net Operating Income: $111,487 USD (2025)

Cap Rate:	5.08 %
Total Expenses:	$97,342 USD

Public Transportation

Airport	Drive	Walk	Distance
Long Beach (Daugherty Field)	17 min	-	9.6 mi
Los Angeles International	25 min	-	17.8 mi
John Wayne/Orange County	40 min	-	29.8 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Type:	Surface
Included in Rent:	Yes

Joshua Cohen 310-480-2130 The Cohen Group

1001-1005 W G St Wilmington, CA 90744