1020 Broad
Wilmington, CA 90744
0
Bed
0
Bath
6,480Sqft
8,485Sqft(Lot)
1020 Broad Avenue is an excellent investment opportunity for an investor looking for a value-add acquisition with a massive 71 percent rental upside potential and a strong unit mix in a dense rental submarket undergoing significant redevelopment. 1020 Broad Avenue is a 1958 construction with eight two-bedroom/one-bath units that are separately metered for gas and electricity. The building is situated on a 8,483-square foot lot that offers surface parking both in the front and rear of the building. The building also offers shared laundry facilities. The property boasts several recent substantial improvements, including a new roof and water heater in 2020, replacement of the second-story walkway for SB721 compliance in 2021, and the complete remodeling of two unit interiors at a cost of a
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Water/Sewer
Water Source: Public Sewer: Public Sewer
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Building Information
Year Built: 1958 Building Area Total: 6,480 -
Pool Features
NoneLaundry Features
Common Area
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Lot Details
Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.1948 -
Lot Size Source: Assessor Lot Size Square Feet: 8485
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Listing Price Information
Original List Price: 1,375,000 Listing Contract Date: 2026-04-20 -
Lease Information
Listing Agreement: Exclusive Right To Sell
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Tax Information
Parcel Number: 7423009009
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Other Property Info
Source Listing Status: Active Under Contract Source Neighborhood: 196 - East Wilmington Directions: north of opp Source Property Type: Residential Income Area: 196 - East Wilmington Property SubType: Mixed Use -
Building and Construction
Property Age: 68 Common Walls: No Common Walls Structure Type: Mixed Use Year Built Source: Assessor Entry Level: 1 Entry Location: 1
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 947 Via Camino #11, Wilmington, CA, 90744 | $949,999 | 4 | 3 | 2,394 | 2,394 SqFt |
| 943 Broad Avenue, Wilmington, CA, 90744 | $1,899,000 | 15 | -- | 4,933 | 4,933 SqFt |
| 1056 N Fries, Wilmington, CA, 90744 | $750,000 | 3 | -- | 1,479 | 1,479 SqFt |
| 515 W Anaheim, Wilmington, CA, 90744 | $990,900 | -- | -- | 2,790 | 2,790 SqFt |
| 1644 N Wilmington Boule.., Wilmington, CA, 90744 | $988,888 | 2 | -- | 2,941 | 2,941 SqFt |
| 1446 Gulf, Wilmington, CA, 90744 | $650,000 | 3 | 3 | 1,793 | 1,793 SqFt |
| 703 W Anaheim, Wilmington, CA, 90744 | $1,200,000 | -- | -- | 5,572 | 5,572 SqFt |
| 609 W E Street, Wilmington, CA, 90744 | $995,000 | 4 | -- | 2,075 | 2,075 SqFt |
| 1236 N Wilmington, Wilmington, CA, 90744 | $1,499,000 | -- | -- | 5,220 | 5,220 SqFt |
| 1311 W R, Wilmington, CA, 90744 | $765,000 | 3 | 2 | 1,688 | 1,688 SqFt |
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ByOwner last updated this listing 06/04/2026 @ 03:35
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