Four-Unit Multifamily
1445 N Wilmington Blvd, Wilmington, CA 90744
For Sale
Contact for pricing
Pending
Four two-bedroom apartments include one renovated vacancy and three units occupied by established tenants.
Property Size2,867 SF
Lot Size0.11 Acres
Days on Market99
Property Features for 1445 N Wilmington Blvd
General Information
Standard status
Size
Net Rentable
Total Parking Spaces
Lot size
Property subtype
Zoning
Occupancy
Investment Type
Net Operating Income
Financials
Cap Rate
Gross Rent Multiplier
Units
Unit Mix
Multifamily Units
Additional Details
Highway Access
Building Details
Year Built
Units
Tenancy
Listing Agency:
Lyon Stahl Investment Real Estate
Listed By:
Brett Lyon · License CA #01717818
(310) 706-4066
Source:
Crexi
Added: Aug 4
Changed: Oct 29
Last Checked: Nov 10 at 6:08AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1965 multifamily property contains four two-bedroom, one-bath apartments with approximately 2,867 square feet of rentable building area on a 4,781-square-foot lot. Three units are occupied by long-term tenants, while the remaining apartment has been renovated and is vacant for leasing. The property is zoned LARD1.5 and reports a 5.90% current CAP rate with an 11.63 current GRM. Pro forma figures indicate an 11.43% CAP rate and 6.93 pro forma GRM upon stabilization.
Located at 1445 N Wilmington Blvd in Wilmington, the property is near the Port of Los Angeles, Port of Long Beach, Harbor Freeway (110), Pacific Coast Highway, and surrounding industrial, logistics, and employment centers. The four-unit configuration offers an established rental base alongside a renovated unit ready for occupancy.
Located at 1445 N Wilmington Blvd in Wilmington, the property is near the Port of Los Angeles, Port of Long Beach, Harbor Freeway (110), Pacific Coast Highway, and surrounding industrial, logistics, and employment centers. The four-unit configuration offers an established rental base alongside a renovated unit ready for occupancy.
Key Highlights
- Four 2‑Bedroom/1‑Bath units totaling approximately 2,867 square feet
- Built in 1965 on a 4,781‑square‑foot lot
- Three units occupied by long‑term tenants; one renovated unit is vacant
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
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
4
Residential units
75%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
846
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
$596,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/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 - Four two-bedroom apartments include one renovated vacancy and three units occupied by established tenants.
Where is this quadplex located?
The property is located at 1445 N Wilmington Blvd 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 totaling approximately 2,867 square feet; Built in 1965 on a 4,781‑square‑foot lot; Three units occupied by long‑term tenants; one renovated unit is vacant
