519 Broad Avenue, Wilmington, California 90744, Wilmington, 90744 - 0 bed, 0 bath
Loading property details...
Wilmington, California 90744
Analysis of 519 Broad Avenue, Wilmington, California 90744 is currently available with a list price of $999,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. 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 both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is moderate renovation needed.
Built in 1978 (46 years old), the property features very dated kitchens and bathrooms with older cabinetry and tile work. While functional and currently generating income with separate utility meters, the units show significant wear and require cosmetic updates and modernization to meet current market standards.
Elementary School: Taper Avenue Elementary School (9/10).
Unlike traditional apartments, all five units are separate structures, providing tenants with maximum privacy and no shared walls, which significantly increases rental desirability.
Each unit features its own gas and electric meter, allowing for efficient expense management and shifting utility costs directly to tenants, a major benefit for investors.
The immediate elementary schools carry lower performance ratings (3-4), which may limit the property's appeal to families prioritizing high-performing educational districts.
Maintaining five individual structures involves managing five separate roofs and exterior envelopes, which can lead to higher long-term capital expenditures compared to a single-building asset.
Rare opportunity to acquire a 5-unit income property in the heart of Wilmington. Unlike traditional apartment buildings, all five units are individual and separate structures, offering added privacy, reduced shared-wall concerns, and strong tenant appeal. All with separate gas and electric meters for each unit, providing efficient expense management and strong rental appeal. Ideal for investors looking for stable cash flow, easy utility allocation, and long-term value in a multi-family investment. Located near the bustling Port of Los Angeles, major transportation corridors, shopping, dining, and local amenities, this property presents an excellent opportunity for investors seeking stable rental income and long-term growth potential. The property benefits from Wilmington's strategic location and ongoing development throughout the harbor area. Each unit is separately situated, creating a desirable residential setting for tenants while providing flexibility for ownership and management. Whether you are looking to expand your investment portfolio or secure a multi-unit asset in a high-demand rental market, this property offers significant upside potential.
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades K-5 • 0.9 mi
Grades K-5 • 0.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 3.0 |
| Baths | 0.0 | 1.5 |
| Square foot | 5,140 | 1,309 |
| Lot Size | 8,599 | 6,300.5 |
| Price | $999.0K | $708.7K |
| Price per sq ft | $194 | $607 |
| Built year | 1978 | 1948 |
| HOA | $0 | $0 |
| Days on market | 41 | 53 |
Jun 11, 2026
$999,000
Initial Listing