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    121 E St Wilmington, CA 90744

    For Sale
    $399,000

    Prime Wilmington location, 3,944 sqft, redevelopment opportunity.

    Property size:
    3,944 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    309
    This 3,944 square foot commercial building, situated on a 0.1-acre lot at 121 E Street in Wilmington, CA, presents a unique investment opportunity. Currently configured as a meeting hall and industrial kitchen, the property is being used to support a feeding program. However, its adaptable layout and prime location offer significant potential for redevelopment. The building's blank-slate interior allows for a wide range of future uses, catering to diverse business needs. The property's proximity to numerous ongoing construction projects suggests a thriving and developing neighborhood, further enhancing its investment appeal. This presents a chance to capitalize on the area's growth and create a tailored commercial space. The substantial square footage provides ample room for expansion or modification, making it suitable for a variety of commercial ventures. The 0.1-acre lot offers potential for outdoor space or expansion depending on zoning regulations and future development plans. Investors seeking a flexible and strategically located property in a dynamic area will find this Wilmington commercial building a compelling proposition. The asking price of $399,000 makes this an attractive entry point into the Wilmington commercial real estate market. Serious inquiries are encouraged to explore the possibilities this property offers.

    Property Features for 121 E St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    3,944 SF
    Lot Size
    4,356 SF

    Building Details

    Year Built
    1939
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Wilmington
    County
    Los Angeles
    State
    California
    Longitude
    -118.2627
    Latitude
    33.77581

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    FAQs

    What type of property is this?
    Commercial real estate - Prime Wilmington location, 3,944 sqft, redevelopment opportunity.
    Where is this commercial real estate located?
    The property is located at 121 E St Wilmington, CA.
    What is the asking price?
    The asking price for this property is $399,000.
    (562) 521-9022
    Request Owner's contact information
    121 E 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
    121 E St Wilmington, CA 90744
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