632 N Wilmington Boulevard, Wilmington, California 90744, Wilmington, 90744 - 0 bed, 0 bath
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632 N Wilmington Boulevard
Wilmington, California 90744
ACTIVE
CONDITION: FAIR
0Beds
0Baths
5,336Sq Ft
6,722Lot Size
Property Price
LIST PRICE$1,585,000
EST. MARKET VALUE
$1,579,139
SUMMARY
This six-unit multifamily property presents a High-Potential Investment Opportunity with a List Price of $1,585,000—positioned slightly above the $1,579,140 Fair Market Value. Built in 1986, this Non-Rent Controlled Asset offers significant flexibility for market-rate adjustments. Featuring a 2024 roof, 2026 exterior paint, and an exceptional 13-space parking ratio, the property minimizes immediate capital expenditure. While the Condition Rating of 4 suggests interior cosmetic updates are needed, the lack of rent control makes this an ideal acquisition for Buy-and-Hold Investors or Portfolio Managers seeking long-term income stability.
Estimated Market Value
$1,579,139
Based on Realkey algorithm analyzing recent comparable sales in Wilmington.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1986, the property is 40 years old, placing it in the >20y age bracket. While it features a new roof (2024) and fresh paint (2026), the lack of documented interior renovations to kitchens and bathrooms suggests the units are likely dated and will require cosmetic updates to reach current market standards.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: Taper Avenue Elementary School (9/10).
- Rent Control Exemption
Built in 1986, this property is not subject to LA City Rent Control, providing investors with significant flexibility to adjust rents to market rates and maximize ROI.
- Recent Capital Improvements
The building features a new roof installed in 2024 and fresh exterior paint as of 2026, minimizing immediate deferred maintenance costs for the new owner.
CONSRISKS & DEFICIENCIES
- Low School Ratings
The property is served by several schools with low performance ratings, such as Barton Hill Elementary (2/10), which may limit appeal for long-term family tenants.
- Zoning and Financing Complexity
Classified as 'Mixed Use' despite being described as residential apartments, this sub-type may require specialized commercial financing and more rigorous appraisal standards.
About 632 N Wilmington Boulevard
This gorgeous property is every Investor's Dream . . . a well-maintained, quiet building with ultra-stable residents. Moreover, the building was built in 1986, and therefore, it is NOT subject to LA City Rent Control. This fantastic investment property consists of six (6) 2-bedroom apartment units and a total of thirteen (13) parking spaces, six of which are found in enclosed garages. The new roof was installed in 2024 and the building was freshly painted in June of 2026. Other features include entry gates and an on-site laundry room. Nestled squarely in the heart of Wilmington, the property is conveniently located close to shopping, restaurants, financial institutions, parks, places of worship, employment centers, and public transportation. Another feature is the upside potential with respect to the property's rental income; again, the building is NOT subject to LA City Rent Control.
Property Details
Public Facts
- Property Type
- Mixed Use
- Year Built
- 1986
- Lot Size
- 6,722 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Wilmington Unified Schools
Hawaiian Avenue Elementary School
Grades K-5 • 0.2 mi
4/10
George De La Torre Jr. Elementary School
Grades K-5 • 0.5 mi
3/10
Gulf Avenue Elementary School
Grades K-5 • 0.6 mi
6/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 5,336 | 6,480 |
| Lot Size | 6,722 | 8,485 |
| Price | $1.58M | $1.35M |
| Price per sq ft | $297 | $236 |
| Built year | 1986 | 1958 |
| HOA | $0 | $0 |
| Days on market | 44 | 98 |
Pricing History
Listed for Sale
Jul 27, 2026
$1,585,000
Initial Listing
Sold
Jun 16, 1995
$200,000
Public Record