Property Detail

324 Opp

Wilmington CA 90744

$1,580,000

Status: Active

Property Details

Description

Well-maintained 10-unit courtyard-style apartment complex consisting of six studios and four one-bedroom units in two side-by-side buildings on an 8,192 SF lot. This charming gated property is located in a quiet residential neighborhood and one of Wilmington’s more desirable rental pockets. Offered at an attractive 9.7 GRM & 6.5% Cap Rate on CURRENT income, the property provides stable in-place cash flow with significant upside in rents. Additional Income Includes Capital Improvements Surcharge, Laundry, and Storage Income. >>The property has been meticulously maintained with ongoing upgrades, including copper plumbing and updated electrical. Units are separately metered for gas and electricity, the property offers on-site laundry, and tenants pay their own trash expenses, helping keep operating costs low. <

Map Location

Listing provided courtesy of Olga Wright of Lyon Stahl Investment Real Estate, Inc.. Last updated 2026-10-23 08:10:59.000000. Listing information © 2026 CRMLS.

John Collins

John Collins

DRE# 01948188
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