Renovated Multifamily Property in
For Sale
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823 Lagoon, Wilmington, CA 90744
Seven-unit multifamily property fully renovated in 2023.
Property Size5,301 SF
Lot Size0.17 Acres
Price / SF$300.89
Days on Market198
Property Features for 823 Lagoon
General Information
Standard status
Active
Size
5,301 SF
Class
C
Total Parking Spaces
7
Lot size
0.17 Acres
Property subtype
Multifamily
Zoning
LARD1.5
Occupancy
100%
Net Operating Income
$113,291
Building Details
Year Built
1965
Year Renovated
2023
Buildings
1
Stories
2
Units
7
Listing Agency:
Lucrum Real Estate Group
(818) 581-5829
Listed By:
Raymond A. Rodriguez IV · License #CA 01402283
Source:
Crexi
Added: Jan 30
Changed: Aug 8
Last Checked: Jul 19 at 8:24AM
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 Lucrum Real Estate Group
Investment Insights
Based on property information with market context.
Sapphire Crest is a fully renovated seven-unit multifamily property located in Wilmington, California. The two-story, garden-style building encompasses approximately 5,301 square feet on a 7,512 square-foot lot zoned LARD1.5. Originally constructed in 1965, the property underwent a comprehensive renovation in 2023, including remodeled interiors, a new roof, new windows, drought-tolerant landscaping, and a freshly painted exterior. In May 2024, all electrical subpanels were replaced. The apartment units feature modern finishes, updated kitchens and bathrooms, new flooring, wall-mounted air conditioning, and ample cabinet and storage space. The property is separately metered for gas and electricity and includes on-site laundry facilities and garage parking for seven vehicles. Architectural drawings have been completed for a potential approximately 760 square-foot two-bedroom, two-bath accessory dwelling unit (ADU), subject to buyer verification and applicable approvals. Sapphire Crest is located within an established residential pocket of Wilmington in Los Angeles County, offering convenient access to surrounding employment areas, coastal communities, and regional transportation corridors. The property is in proximity to Long Beach, San Pedro, Carson, Torrance, and Lakewood. The location provides efficient access to the 110 and 1 Freeways. Long Beach Harbor and the Queen Mary are approximately a 15-minute drive away.
Key Highlights
- Fully renovated in 2023 with remodeled interiors, new roof, new windows, landscaping, and exterior paint.
- Potential to add a 760 square‑foot ADU (architectural drawings completed, subject to approvals).
- Seven‑unit multifamily property with garage parking for seven vehicles.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
741
Businesses Nearby
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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
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Seven-unit multifamily property fully renovated in 2023.
Where is this apartment building located?
The property is located at 823 Lagoon Wilmington, CA.
What is the asking price?
The asking price for this property is $1,595,000.
What are key features of this property?
This property features: Fully renovated in 2023 with remodeled interiors, new roof, new windows, landscaping, and exterior paint.; Potential to add a 760 square‑foot ADU (architectural drawings completed, subject to approvals).; Seven‑unit multifamily property with garage parking for seven vehicles.
