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823 Lagoon Avenue
AI Property Summary
Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).
- Multifamily apartment complex featuring seven total residential units
- Asset maintains an established capitalization rate of 6.14 percent
- Located in Wilmington within the broader Los Angeles metropolitan market
- Property positioned near key industrial hubs and regional logistics centers
- Investment opportunity suitable for long-term residential income strategies
What's Special
This seven-unit multifamily apartment building at 823 Lagoon Avenue in Wilmington, California, presents a functional addition to an investment portfolio. The property currently operates at a 6.14% capitalization rate, providing a consistent income stream typical of residential holdings in the Los Angeles metro region. Situated within a neighborhood characterized by its proximity to the Port of Los Angeles and regional logistics corridors, the location supports steady demand from local workforce tenants seeking reliable housing options. Investors looking to capitalize on rental housing demand will find the configuration of this asset suitable for long-term hold strategies. Wilmington serves as a key industrial and residential hub within the South Bay area, benefiting from robust employment growth linked to international trade and shipping industries. The building serves as an entry point for those targeting mid-sized residential assets in Southern California, offering a clear path to managing a multi-unit residential property in a dense urban corridor.
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