Renovated-Unit
1445 N Wilmington, Wilmington, CA 90744
For Sale
$875,000
Pending
Built in 1965, the property combines three occupied units with one fully renovated unit.
Property Size2,867 SF
Lot Size0.11 Acres
Days on Market94
Property Features for 1445 N Wilmington
General Information
Standard status
Size
Net Rentable
Lot size
Property subtype
Occupancy
Financials
Cap Rate
Gross Rent Multiplier
Units
Unit Mix
Multifamily Units
Additional Details
Highway Access
Building Details
Building Size
Year Built
Units
Listing Agency:
Lyon Stahl Investment Real Estate
Listed By:
Brett Lyon · License #01717818
(310) 706-4066
Source:
Elliman
Added: Aug 8
Changed: Oct 29
Last Checked: Nov 8 at 6:35AM
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 Lyon Stahl Investment Real Estate
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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 quadplex contains four 2-Bedroom/1-Bath units totaling approximately 2,867 square feet of rentable building area on a 4,781-square-foot lot. Constructed in 1965, the property includes three units occupied by long-term tenants and one fully renovated unit. The offering reflects a 5.90% current CAP rate and an 11.63 current GRM, with pro forma figures of 11.43% CAP and 6.93 GRM.
The property is located in Wilmington near the Port of Los Angeles, Port of Long Beach, Harbor Freeway (110), and Pacific Coast Highway. Industrial, logistics, and employment centers are also identified in the surrounding area. WalkScore is 79, BikeScore is 75, and TransitScore is 48.
The property is located in Wilmington near the Port of Los Angeles, Port of Long Beach, Harbor Freeway (110), and Pacific Coast Highway. Industrial, logistics, and employment centers are also identified in the surrounding area. WalkScore is 79, BikeScore is 75, and TransitScore is 48.
Key Highlights
- Four 2‑Bedroom/1‑Bath units in a quadplex configuration
- Approximately 2,867 square feet of rentable building area on a 4,781‑square‑foot lot
- One unit has been fully renovated
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$60,474
Cap Rate
6.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,209,480
$1.2M
Cap Rate 7%
$863,914
$863.9K
Cap Rate 9%
$671,933
$671.9K
Market Conditions
NOI Build-Up for 2,867 SF
Gross rent
$89.5K $31.20/SF
− Vacancy
−$3.1K −$1.07/SF
EGI
$86.4K $30.13/SF
− OpEx
−$25.9K −$9.04/SF
NOI
$60.5K $21.09/SF
Area
Orange County, CA
Vacancy
3.42%
Lease Rate
$31.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,209,480
Cap Rate 7%
$863,914
Cap Rate 9%
$671,933
Alternative Uses
Best Use
Multifamily LT 5
$863.9K
$755.9K – $1.01M
NOI $60,474 @ 7.0% cap · market cap 6.91%
Second Best
Apartment 5plus
$781.8K
$684.0K – $912.1K
NOI $54,723 @ 7.0% cap · market cap 6.25%
Theoretical Best
Office A
$1.20M
$1.05M – $1.40M
NOI $83,791 @ 7.0% cap · market cap 9.58%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
4
Residential units
75%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
684
Businesses Nearby
Explore this area
Business Placement
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
$596,100
Median Home Value
Market
Average Price Trend$/SF for Quadplexes in Orange County, CA
Properties on Market for Quadplexes in Orange County
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Built in 1965, the property combines three occupied units with one fully renovated unit.
Where is this quadplex located?
The property is located at 1445 N Wilmington Wilmington, CA.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: Four 2‑Bedroom/1‑Bath units in a quadplex configuration; Approximately 2,867 square feet of rentable building area on a 4,781‑square‑foot lot; One unit has been fully renovated
