
Wilmington, California 90744
Analysis of 1445 N Wilmington, Wilmington, California 90744 is currently available with a list price of $875,000. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. Located in a high-demand neighborhood within the Wilmington Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Property is extensive renovation needed.
The property was built in 1965 (59 years old), exceeding the 30-year threshold for the poor category. While one unit is fully renovated with modern flooring and paint, the remaining three units are occupied by long-term tenants at below-market rents, indicating they are dated and require significant rehab/repositioning. The exterior shows visible age-related wear and staining.
Elementary School: Taper Avenue Elementary School (9/10).
With three units currently occupied by long-term tenants at substantially below-market rates, the property offers a massive pro forma CAP rate jump from 5.90% to 11.43% upon rental repositioning.
Ideally situated near the Ports of Los Angeles and Long Beach, the 110 Freeway, and major industrial hubs, the property is positioned in a high-demand rental market for local employment centers.
The presence of long-term tenants paying significantly below market value may present challenges in achieving pro forma projections due to local rent stabilization ordinances and potential relocation costs.
Built in 1965, the property may require significant capital expenditure for the three unrenovated units and long-term maintenance of major building systems to meet modern standards.
1445 N. Wilmington Blvd presents the opportunity to acquire a well-located four-unit multifamily property in the heart of Wilmington. Built in 1965, the property consists of four spacious 2-Bedroom/1-Bath units totaling approximately 2,867 square feet of rentable building area situated on a 4,781-square-foot lot. Offered at a 6.22% current CAP rate and 11.12 current GRM, the property provides investors with exceptional value-add potential through rental repositioning. Three of the four units are occupied by long-term tenants paying substantially below-market rents, and one unit has been fully renovated. Upon stabilization, the property is projected to achieve an impressive 12.01% pro forma CAP rate and 6.63 pro forma GRM. Offered at just $218,750 per unit, the property presents an attractive basis relative to replacement cost and comparable sales. Ideally located near the Port of Los Angeles, the Port of Long Beach, the Harbor Freeway (110), Pacific Coast Highway, and numerous industrial, logistics, and employment centers, the property benefits from strong and consistent rental demand. This offering presents investors with the opportunity to acquire a stable income-producing asset with immediate cash flow upside and significant long-term appreciation potential.
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades K-5 • 0.6 mi
Grades K-5 • 1.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 2,867 | 6,480 |
| Lot Size | 4,781 | 8,485 |
| Price | $875.0K | $1.35M |
| Price per sq ft | $305 | $236 |
| Built year | 1965 | 1958 |
| HOA | $0 | $0 |
| Days on market | 36 | 98 |
Sep 1, 2026
$875,000
$915,000
-4% Price Drop
Initial Listing
Aug 4, 2026
$915,000
Initial Listing
Sep 29, 2011
$350,000
Public Record
May 10, 2005
$599,000
Public Record