724 N Wilmington, Wilmington, California image 1
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724 N Wilmington

Wilmington, CA 90744
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$3,120,000 $13,154/Mo
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Bed 2

Bed

Bath 1

Bath

Acres0.31

Acre(Lot)

The Mogharebi Group is pleased to present the opportunity to acquire a 16-unit apartment community located at 720 North Wilmington Boulevard in the City of Wilmington, California. Situated on a 13,398 square foot lot, the property consists of two two-story residential buildings totaling approximately 10,488 square feet and features an attractive unit mix of sixteen two-bedroom, one-bathroom apartments. The property offers investors the opportunity to acquire a well-located workforce housing asset in one of Los Angeles County's strongest rental markets. All units are individually metered for gas and electricity, significantly reducing owner operating expenses, while tenants benefit from convenient on-site parking and landscaped courtyard areas. Every apartment is a desirable two-bedro om floor plan featuring vinyl flooring and carpet in the living areas, Formica countertops, gas wall heating, range/oven, refrigerator, hood fan, and garbage disposal. The property includes sixteen surface parking spaces, central gas water heating, and attractive landscaped common areas. Located just minutes from the Port of Los Angeles, Interstate 110, SR-47, and numerous major employment centers throughout the South Bay and Harbor region, the property benefits from consistent tenant demand driven by port-related employment, logistics, manufacturing, healthcare, and transportation industries. The central location also provides convenient access to Downtown Long Beach, San Pedro, Carson, and Torrance. l. Investment Highlights • 16 spacious two-bedroom, one-bathroom apartment homes • Two-story apartment community on approximately 13,398 SF lot • Approximately 10,488 rentable square feet • RUBS in place • Individually metered for gas and electricity • Sixteen on-site surface parking spaces • Landscaped courtyard setting • Strong workforce housing location serving the Port of Los Angeles and South Bay employment centers • Opportunity to increase income through unit upgrades and professional management • Excellent long-term hold in a high-demand Los Angeles County rental market

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Detail Ic Property Details

Property Type : ResidentialIncome

Price : $3,120,000

AD Id : 89439853

MLS Id : OC26175414

Beds : 2

Lot Size : 0.31 Acre

Year Built : 1963

County : Los Angeles

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Feature Features

  • Building Information

    Year Built: 1963
    Building Area Total: 10448
    Pool Features: None
    Private Pool: No

  • Lot Information

    Main Square Feet: 0.31 Lot Size Acres: 0.31 Lot Size Source: Assessor Lot Size Square Feet: 13,504 Lot Description: ThirtySixToFortyUnitsAcre

  • Listing Price Information

    Listing Price: $3120000
    Cash, CashToNewLoan

  • Tax Information

    Parcel Number: 7416016007 Tax Lot: 11 Tax Block: 4

  • Location Information

    Direction: Harbor Freeway to Anaheim Street east to Wilmington Blvd right turn WaterSource: Public
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The information being provided by Miami Association of REALTORS® is for the consumer's personal, non-commercial use. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Miami Association of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 Miami Association of REALTORS®. All rights reserved.

ByOwner last updated this listing 08/20/2026 @ 20:05

MLS: OC26175414 LISTED BY: Mike Marcu, Mike Marcu, Broker 909-371-1322 SOURCE: CRMLS

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