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1144 Blinn, Wilmington, California 90744, Wilmington, 90744 - bed, bath

1144 Blinn, Wilmington, California 90744 home-pic-0
ACTIVE$1,399,000$5,168/sqft
1144 Blinn, Wilmington, California 90744
0Bed
0Bath
5,168Sqft
11,719Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Great Schools: Elementary School: Taper Avenue Elementary School (9/10).
Top Cons:
Advanced Property Age: Built in 1923, the property is nearly a century old, likely requiring significant capital expenditure for system upgrades, modernization, and deferred maintenance to achieve market rents.

Compared to the nearby listings

Compared against 0 nearby listings

More Insights

Built in 1923 (103 years old).
Condition: Built in 1923, this property is over 100 years old. The listing explicitly states it's a 'value-add acquisition opportunity' requiring 'significant capital expenditure for system upgrades, modernization, and deferred maintenance' to achieve market rents. Current rents are 41% below market, strongly indicating that the property, including kitchens and bathrooms, requires substantial repairs and rehabilitation to meet current quality standards and tenant expectations.
Year Built
1923
Close
-
List price
$1.4M
Original List price
$1.4M
Price/Sqft
$271
HOA
-
Days on market
-
Sold On
-
MLS number
PW26001802
Home ConditionPoor
Features
View-

About this home

1144 Blinn Avenue consists of two single-story, five-unit buildings and one two-story duplex that surround a large courtyard. This offering is a great value-add acquisition opportunity for any investor looking to capture major upside in a strong rental submarket where vacancy rates are consistently low; current rents are 41 percent below market. All 12 units are one-bed/one-bath floor plans separately metered for gas and electricity. The property also offers seven single-car garages accessed via a rear alley. The property is located directly across from Wilmington Park Elementary School. Wilmington continues to be a desirable rental market for investors due to its proximity to the Ports of Los Angeles and Long Beach, major employment hubs, and convenient access to the 110 and 710 freeways. The area benefits from strong and consistent rental demand driven by port-related industries, logistics, healthcare, and ongoing neighborhood revitalization efforts. With limited housing supply and continued investment in the surrounding community, Wilmington remains well-positioned for long-term rental growth, making this property a solid addition to any multifamily portfolio. 1144 Blinn Avenue is offered as part of a Wilmington portfolio sale along with 1207 Bay View Avenue, a duplex, and 703 West L Street, a triplex. Properties available separately or together.

S
Steven Bogoyevac
Listing Agent

Nearby schools

4/10
Wilmington Park Elementary School
Public,•K-5•0.1mi
4/10
Fries Avenue Elementary School
Public,•K-5•1.2mi
4/10
Broad Avenue Elementary School
Public,•K-5•1.4mi
3/10
George De La Torre Jr. Elementary School
Public,•K-5•1.4mi
6/10
Gulf Avenue Elementary School
Public,•K-5•1.6mi
4/10
Hawaiian Avenue Elementary School
Public,•K-5•2.0mi
4/10
Normont Elementary School
Public,•K-5•2.8mi
5/10
Del Amo Elementary School
Public,•K-5•3.3mi
6/10
Harbor City Elementary School
Public,•K-5•3.4mi
9/10
Taper Avenue Elementary School
Public,•K-5•3.6mi
2/10
Barton Hill Elementary School
Public,•K-6•3.7mi
6/10
Eshelman Avenue Elementary School
Public,•K-5•4.0mi
4/10
Frank Del Olmo Elementary School
Public,•K-6•20.0mi
8/10
Harry Bridges Span
Public,•K-8•1.0mi
4/10
Hudson K-8
Public,•K-8•1.7mi
5/10
Wilmington Middle School
Public,•6-8•1.8mi
6/10
Alexander Fleming Middle School
Public,•6-8•3.9mi
7/10
Rudecinda Sepulveda Dodson Middle School
Public,•6-8•4.4mi
4/10
Richard Henry Dana Middle School
Public,•6-8•4.8mi
5/10
Phineas Banning Senior High School
Public,•9-12•1.1mi
3/10
Cabrillo High School
Public,•9-12•1.7mi
5/10
Nathaniel Narbonne Senior High School
Public,•9-12•3.8mi
6/10
San Pedro Senior High School
Public,•9-12•5.0mi
Condition Rating
Poor
Built in 1923, this property is over 100 years old. The listing explicitly states it's a 'value-add acquisition opportunity' requiring 'significant capital expenditure for system upgrades, modernization, and deferred maintenance' to achieve market rents. Current rents are 41% below market, strongly indicating that the property, including kitchens and bathrooms, requires substantial repairs and rehabilitation to meet current quality standards and tenant expectations.
Pros & Cons

Pros

Great Schools: Elementary School: Taper Avenue Elementary School (9/10).
Significant Value-Add Potential: The property is explicitly positioned as a prime value-add acquisition, offering substantial upside for investors willing to implement improvements and capture major rental growth.
Substantial Rental Income Upside: Current rents are significantly (41%) below market rates, presenting a clear and immediate opportunity to increase cash flow and property value through strategic rent adjustments and unit upgrades.
Robust Rental Market Fundamentals: Located in a strong submarket characterized by consistently low vacancy rates and high demand driven by major employment hubs, port-related industries, and limited housing supply.
Strategic Location & Accessibility: Benefits from excellent proximity to the Ports of Los Angeles and Long Beach, key employment centers, and major freeways (110 & 710), ensuring continued tenant demand.
Operational Cost Efficiency & Parking: All units are separately metered for gas and electricity, reducing landlord utility expenses, and the property includes seven single-car garages, a valuable tenant amenity.

Cons

Advanced Property Age: Built in 1923, the property is nearly a century old, likely requiring significant capital expenditure for system upgrades, modernization, and deferred maintenance to achieve market rents.
Limited Unit Mix Diversity: The entire property consists of 12 identical one-bedroom, one-bathroom units, which may restrict the target tenant demographic and market appeal compared to properties with varied unit sizes.
High Capital Expenditure Requirement: Realizing the advertised 'major upside' and closing the 41% rent gap will necessitate substantial investment in renovations and property improvements, impacting initial return on investment.
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