1742 N Marine

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1742 N Marine

Wilmington, CA 90744
Asking Price
Contact for price
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.
  • Property consists of four residential units total.
  • Situated near the major logistics hubs of Los Angeles.
  • Supports housing demand for the regional industrial workforce.
  • Located within a dense urban Southern California submarket.

What's Special

This 4-unit multifamily apartment building at 1742 N Marine in Wilmington, California, provides a strategic acquisition in a key Southern California port-adjacent market. The property serves the regional workforce supporting the massive logistics and shipping industries concentrated in the nearby Port of Los Angeles and Port of Long Beach, which serve as central drivers for the local economy. Residential density remains high in this submarket, ensuring consistent interest from tenants seeking proximity to major transit corridors and shipping terminals. Investors may find value in this asset as a stabilizing addition to a rental portfolio or as an operational holding in a dense urban corridor. The layout suits long-term residential leasing, appealing to the consistent demand for workforce housing in the Los Angeles metro area. This asset represents a straightforward opportunity to participate in a historically active rental submarket that benefits from proximity to significant international trade hubs and regional infrastructure.

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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547

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