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16-Unit Apartment Community
For Sale
$3,120,000

724 N Wilmington Blvd, Wilmington, CA 90001

Two-story residential buildings offer individually metered utilities, landscaped courtyards, and on-site parking.

Property Size10,488 SF
Lot Size0.31 Acres
Price / SF$297.48
Days on Market9

Property Features for 724 N Wilmington Blvd

General Information

Standard status Active
Size 10,488 SF
Net Rentable 10,488 SF
Total Parking Spaces 16
Lot size 0.31 Acres
Property subtype Residential Income

Site & Location

Highway Access Yes
Road Access Yes
Utilities to Site Yes

Units

Unit Mix 16 x 2BR/1BA
Multifamily Units 16

Amenities

landscaped courtyard

Building Details

Buildings 2
Stories 2
Listing Agency: Mike Marcu, Broker
Listed By: Mike Marcu · License #00919594
Source: Exprealty
Added: Aug 11 Changed: Aug 18 Last Checked: Aug 18 at 6:02AM

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 Mike Marcu, Broker

Investment Insights

Based on property information with market context.

This apartment community comprises 16 two-bedroom, one-bathroom homes across two two-story residential buildings. The property contains approximately 10,488 rentable square feet on a 13,398 square foot lot. Apartment interiors include vinyl flooring and carpet in living areas, Formica countertops, gas wall heaters, ranges, refrigerators, hood fans, and garbage disposals. Central gas water heating serves the community, while gas and electricity are individually metered. RUBS is in place.

Residents have access to 16 surface parking spaces and landscaped courtyard areas. The property is in Wilmington, California, near the Port of Los Angeles, Interstate 110, and SR-47, with access to employment centers in the South Bay and Harbor region. Downtown Long Beach, San Pedro, Carson, and Torrance are also identified as nearby destinations.

Key Highlights

  • 16 two‑bedroom, one‑bathroom apartment homes
  • Two‑story community on approximately 13, 398 SF lot
  • Approximately 10, 488 rentable square feet

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Law Firm Garden Center Catering Service Computer & Electronic Repair Tech Support Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

16
Residential units
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

809
Businesses Nearby

Demographics for 90001, CA

55,859
Population
13,998
Households
4
Avg Household Size
30
Median Age
7%
College-Educated
49%
High-School Grad
3.3 sq mi
ZIP Area
16,927
Density / Sq Mi
$60,751
Median Household Income
$30,672
Median Earnings
$1,471
Median Rent
$513,300
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Two-story residential buildings offer individually metered utilities, landscaped courtyards, and on-site parking.
Where is this apartment building located?
The property is located at 724 N Wilmington Blvd Wilmington, CA.
What is the asking price?
The asking price for this property is $3,120,000.
What are key features of this property?
This property features: 16 two‑bedroom, one‑bathroom apartment homes; Two‑story community on approximately 13, 398 SF lot; Approximately 10, 488 rentable square feet
More about this property
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