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943 Broad Ave
Wilmington, CA 90744

$1,899,000 USD

Apartments For Sale • 5,100 SF

Property Details

Property Type Apartments
Total Building Size 5,100 SF
Lot Size 0.18 AC
Building Class C
Year Built 2018
Cap Rate 6.61 %
Zoning LAR3

40 Transit Score

60 Walk Score

                
                    Highlights
                
                                High-Capacity Living: Three spacious 5-bed, 3-bath units with private balconies and six secured parking spots.
                            
                                Exceptional 6%+ Cap Rate: A high-yield, turn-key asset offering immediate and strong cash flow.
                            
                                Low-Overhead Management: All units are separately metered for utilities to minimize landlord expenses.
                            
                                Exempt from Rent Control: AB 1482 exemption allows for maximum rental upside and management flexibility.
                            
                                Modern 2019 Construction: Features 5,100 sq. ft. of contemporary living space with premium finishes throughout.

Financial Summary (Actual)

Net Operating Income: $125,456 USD (2025)

Cap Rate:	6.61 %
Total Expenses:	$42,904 USD

Amenities

Air Conditioning
Balcony

Public Transportation

Airport	Drive	Walk	Distance
Long Beach (Daugherty Field)	16 min	-	8.8 mi
Los Angeles International	27 min	-	17.6 mi
John Wayne/Orange County	39 min	-	29.0 mi

Parking Details

Parking Available:	Yes
Reserved:	Yes
Spaces Provided:	6
Type:	Reserved
Included in Rent:	Yes

Koeun Hwang 213-590-9908 Urban Real Estate Inc

943 Broad Ave Wilmington, CA 90744