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    Wilmington, CA 90744

    For Sale
    $1,499,000

    High-traffic retail, dual-tenant income.

    Property size:
    1,350 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    308
    This exceptional 1,350 square foot retail property, situated on a 0.36-acre lot in the vibrant Wilmington, CA area, presents a lucrative investment opportunity. Boasting nearly 250 feet of prime street frontage along the iconic Pacific Coast Highway (CA-1), this property benefits from unparalleled visibility and high traffic volume. The LA C2 zoning allows for a wide range of potential uses, maximizing its versatility and future development potential. The property comprises two separate parcels, each currently occupied by thriving businesses generating strong rental income. One tenant is an established car dealership, while the other is a successful auto stereo and tint shop featuring three covered bays. This strategic location offers exceptional accessibility, with convenient access from three major roads: Pacific Coast Highway, Bay View, and McDonald Avenue. Furthermore, its proximity to the 110 Freeway ensures easy access for customers and employees alike. This turnkey investment offers immediate income generation and significant long-term growth potential in a highly desirable coastal location. The property's unique configuration and high-traffic location make it an exceptional opportunity for investors seeking a stable, high-return investment in a prime Southern California market. The existing tenants provide a solid foundation for immediate cash flow, while the flexible zoning allows for future expansion or redevelopment to suit a variety of commercial ventures.

    Property Features for

    General Information

    Property type
    Retail properties
    Square Feet
    1,350 SF
    Lot Size
    15,682 SF

    Building Details

    Year Built
    1947
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail properties

    Map

    City
    Wilmington
    County
    Los Angeles
    State
    California
    Longitude
    -118.2633
    Latitude
    33.79116

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    FAQs

    What type of property is this?
    Retail property - High-traffic retail, dual-tenant income.
    Where is this retail property located?
    The property is located at Wilmington, CA.
    What is the asking price?
    The asking price for this property is $1,499,000.
    (310) 379-4444
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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
    Wilmington, CA 90744
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