Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    130 E Opp St Wilmington, CA 90744

    Sponsored
    For Sale
    $2,078,000

    Prime rental income property; high upside potential.

    Property size:
    4,509 SF

    Property Features for 130 E Opp St

    General Information

    Property type
    Multifamily properties
    Square Feet
    4,509 SF
    Price / Square Foot
    $460
    Class
    C
    Elevators
    N/A
    Lot Size
    10,890 SF

    Building Details

    Year Built
    1930
    Stories
    2
    Units
    7

    Overview

    Wilmington Multifamily Investment Opportunity

    This multifamily property in Wilmington, California, features a seven-unit apartment building. The 4,509 square foot building includes four remodeled units and a new Accessory Dwelling Unit (ADU) to be completed at the close of escrow. Approved plans for the construction of two additional units are included in the sale, reducing development time and costs. The property sits on a 0.25-acre lot and offers potential for increased rental income. Recent electrical upgrades add to the property's value. This property is suited for investors seeking immediate income and developers looking to expand the existing complex to its full potential as a nine-unit residential building.

    We can help!

    Listing Contact
    Mi Jeong Kim

    Learn more

    Property Insight Report

    HighLights

    • Seven‑unit apartment building in Wilmington, CA, priced at $2,078,000.
    • Features four remodeled units and a new ADU, delivering at close of escrow.
    • Approved plans for two additional units, also delivering at close of escrow, increasing potential.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential income homes

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Grocery & Convenience Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Wilmington
    State
    California
    Longitude
    -118.261419
    Latitude
    33.782763

    Nearby Similar for Sale

    • $475,000
      Pending

      Retail Property in Wilmington, CA

      Retail property in Wilmington, ideal for barber shop or salon.
      805 N Avalon Blvd, Wilmington, CA 90744
      View Details
    • New
      $590,000
      1,020 SF

      Wilmington Duplex: Value-Add Opportunity

      Duplex in Wilmington with income potential and redevelopment possibilities.
      1607 N Neptune Ave, Wilmington, CA 90744
      View Details
    • New
      $899,000
      4,928 SF

      Wilmington Mixed-Use Opportunity

      Mixed-use property with retail, office, and residential units.
      1118 N Avalon St, Wilmington, CA 90744
      View Details
    • $720,000
      2,192 SF

      Wilmington Triplex with Upside Potential

      Triplex in West Wilmington with long-term upside potential.
      1341 N Fries Ave, Wilmington, CA 90744
      View Details
    • $725,000
      2,279 SF

      Wilmington Multifamily Investment Opportunity

      Five-unit multifamily property in Wilmington, near freeways and the Port.
      1515 E Young St, Wilmington, CA 90744
      View Details
    • $759,900
      1,520 SF

      Wilmington Duplex Near Pacific Coast

      Well-maintained duplex with two units, convenient location, and income potential.
      1301 E Pacific Coast Hwy, Wilmington, CA 90744
      View Details
    • $1,299,900
      2,160 SF

      Wilmington Quadruplex with Income Potential

      Four-unit property in Wilmington, CA, ideal for investors or homeowners.
      1046 N Banning Blvd, Wilmington, CA 90744
      View Details
    • $1,650,000
      5,301 SF

      Renovated Multifamily Property in Wilmington

      Seven-unit multifamily property with recent renovations and ADU potential.
      823 Lagoon Ave, Wilmington, CA 90744
      View Details
    • $719,999
      2,055 SF

      Wilmington Triplex with Garage

      Well-maintained triplex in Wilmington, CA, with income and growth potential.
      705 Mcdonald Ave, Wilmington, CA 90744
      View Details
    • $3,300,000
      6,096 SF

      Wilmington Warehouse with Large Yard

      Warehouse building with a large yard and versatile zoning.
      1122 W Anaheim St, Wilmington, CA
      View Details
    • $815,000

      Wilmington Triplex Income Property

      Triplex with development potential near LA Harbor College.
      1011 N Wilmington Blvd, Wilmington, CA 90744
      View Details
    • $175,000

      Wilmington Specialty Property For Sale

      Specialty property available in Wilmington, California.
      1000 N Figueroa St, Wilmington, CA 90744
      View Details

    FAQs

    What type of property is this?
    Multifamily property - Prime rental income property; high upside potential.
    Where is this multifamily property located?
    The property is located at 130 E Opp St Wilmington, CA.
    What is the asking price?
    The asking price for this property is $2,078,000.
    What are key features of this property?
    This property features: Seven-unit apartment building in Wilmington, CA, priced at $2,078,000.; Features four remodeled units and a new ADU, delivering at close of escrow.; Approved plans for two additional units, also delivering at close of escrow, increasing potential.
    (213) 503-8070
    Request Owner's contact information
    130 E Opp St Wilmington, CA 90744
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    130 E Opp St
    Wilmington, CA 90744
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    130 E Opp St Wilmington, CA 90744
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Mi Jeong Kim
    (213) 503-8070
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!