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    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

    Description

    Added:
    Jan 15, 2025
    Days on Market:
    356
    This exceptional 4,509 square foot multifamily property located at 130 E Opp St, Wilmington, CA 90744, presents a lucrative investment opportunity. The building currently boasts seven units, four of which have undergone recent renovations resulting in improved rental income. A newly constructed Accessory Dwelling Unit (ADU) will be completed at close of escrow (COE), adding to the immediate rental revenue stream. Furthermore, approved plans for the construction of two additional units are included in the sale, significantly reducing development time and costs for the buyer. The property sits on a 0.25-acre lot and offers substantial potential for increased rental income. High rental demand in the Wilmington area further enhances the property's value and investment potential. This property is ideal for both investors seeking immediate income and developers looking to expand the existing complex to its full potential as a nine-unit residential building. The substantial electrical upgrades completed recently add to the overall value and appeal of this exceptional investment.

    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

    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.
    Location Intelligence

    Current Use by Public Records

    Residential income homes

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Gym & Fitness

    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

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    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
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    130 E Opp St Wilmington, CA 90744
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    Wilmington, CA 90744
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    Realmo Value Estimation

    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.

    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.

    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
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