902 Island Avenue

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902 Island Avenue

Wilmington, CA 90744
Asking Price
$849K
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

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

  • Multifamily apartment building available for sale in Wilmington
  • Property features a total of four residential units
  • Asking price for the asset is set at $849,000
  • Located in the 90744 zip code within Los Angeles County
  • Strategic position near major regional logistics and transit hubs

What's Special

Investors seeking an income-generating asset will find this apartment building in Wilmington available for purchase at $849,000. The property comprises four multifamily units situated at 902 Island Avenue. Wilmington serves as a key industrial and logistics gateway within the Los Angeles metropolitan area, benefitting from its proximity to major maritime infrastructure and local transit corridors. This submarket maintains consistent demand for housing due to its steady workforce population and accessibility to regional employment hubs. Prospective owners can utilize this site to build upon an existing residential portfolio or explore value-add strategies suited for a four-unit configuration in this established coastal community.

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NOI
$80,000
Cap Rate
9.42%
DSCR
1.59
Strong
Cash-on-Cash
11.62%
Monthly Payment
$4,200.389
Annual Cash Flow
$29,595.335

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