Commercial Building with Business
1170 N Wilmington Blvd, Wilmington, CA 90744
For Sale
$1,590,000
Commercial building with laundry-mat and water store business for sale.
Property Size2,146 SF
Lot Size0.13 Acres
Days on Market250
Property Features for 1170 N Wilmington Blvd
General Information
Standard status
Size
Lot size
Property subtype
Building Details
Building Size
Year Built
Listing Agency:
West Shores Realty
Listed By:
Jorge Moya · License CA #01774561
(310) 901-5855
Source:
Elliman
Added: Mar 11
Changed: Aug 22
Last Checked: Aug 25 at 5:13AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of West Shores Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This commercial building in Wilmington, California, presents an investment opportunity that includes both the real estate and an existing business. The property features a laundry-mat and a water store. The corner building benefits from its own parking, high visibility, and established clientele. Its location is near apartments and experiences significant foot traffic. The surrounding area is undergoing revitalization, with upcoming developments such as the Wilmington Waterfront Promenade and new housing projects, potentially attracting new businesses and customers to the area.
Key Highlights
- Commercial building with established laundromat and water store business included in sale.
- Corner lot location with dedicated parking.**
- High visibility and foot traffic due to proximity to apartments.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,803
Cap Rate
3.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$996,060
$996.1K
Cap Rate 7%
$711,471
$711.5K
Cap Rate 9%
$553,367
$553.4K
Market Conditions
NOI Build-Up for 2,146 SF
Gross rent
$79.3K $36.96/SF
− Vacancy
−$8.2K −$3.81/SF
EGI
$71.1K $33.15/SF
− OpEx
−$21.3K −$9.95/SF
NOI
$49.8K $23.21/SF
Area
Los Angeles, CA
Vacancy
10.30%
Lease Rate
$36.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$996,060
Cap Rate 7%
$711,471
Cap Rate 9%
$553,367
Alternative Uses
Best Use
Retail
$711.5K
$622.5K – $830.1K
NOI $49,803 @ 7.0% cap · market cap 3.13%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$896.0K
$784.0K – $1.05M
NOI $62,719 @ 7.0% cap · market cap 3.94%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,184
Businesses Nearby
63k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 57%
Shops & Services 43%
Jack in the Box
Dining
24,086 visits/mo
0.3 miles
ARCO
Shops & Services
12,821 visits/mo
0.3 miles
Chevron
Shops & Services
6,641 visits/mo
0.5 miles
Chevron
Shops & Services
6,253 visits/mo
0.5 miles
Winchell's Donut House
Dining
5,947 visits/mo
0.4 miles
Demographics for 90744, CA
53,074
Population
15,536
Households
3.4
Avg Household Size
33
Median Age
9%
College-Educated
62%
High-School Grad
8.9 sq mi
ZIP Area
5,963
Density / Sq Mi
$61,440
Median Household Income
$32,781
Median Earnings
$1,426
Median Rent
$596,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Retail space in Orange County, CA
Properties on Market for Retail space in Orange County
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Retail space - Commercial building with laundry-mat and water store business for sale.
Where is this retail space located?
The property is located at 1170 N Wilmington Blvd Wilmington, CA.
What is the asking price?
The asking price for this property is $1,590,000.
What are key features of this property?
This property features: Commercial building with established laundromat and water store business included in sale.; Corner lot location with dedicated parking.**; High visibility and foot traffic due to proximity to apartments.
