1320 N Neptune Avenue

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1320 N Neptune Avenue

Wilmington, CA 90744
Asking Price
$690K
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Multifamily apartment building located in Wilmington, California
  • Asset consists of two total residential rental units
  • The property is currently offered for sale at $689,900
  • Site sits near major transit routes and Southern California ports
  • Suitable for investors targeting small-scale residential income properties

What's Special

Investors seeking to expand their residential holdings will find this two-unit apartment building at 1320 N Neptune Avenue a practical addition to a portfolio. Located in Wilmington, California, this multifamily asset sits within a established submarket of the Los Angeles metropolitan area. The property presents an opportunity for income generation through rental operations, catering to tenants in need of housing within this working-class coastal community. Wilmington serves as a significant logistical hub, benefiting from its proximity to the Port of Los Angeles and major transit corridors that support the broader regional economy. This small-scale multifamily dwelling offers a manageable entry point into the local market. Given the ongoing demand for residential space throughout Southern California, the property is well-positioned for long-term hold strategies. Prospective buyers can explore renovation or repositioning plans to optimize performance while leveraging the property's location near key employment centers and essential infrastructure. The asset provides a straightforward acquisition for those focused on unit-level investment within this high-demand urban corridor.

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NOI
$80,000
Cap Rate
11.60%
DSCR
1.95
Strong
Cash-on-Cash
18.86%
Monthly Payment
$3,413.249
Annual Cash Flow
$39,041.015

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