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    Investment properties

    810 N Avalon Blvd, Wilmington, CA 90744

    7,500 SF 0.17 ac lot Built 1927
    Trust Owned 7-yr Hold Absentee Owner Free & Clear
    Property ID
    US09-8066936
    Property summary
    AI-generated overview

    This exceptional 7,500 square foot retail property, located at 810 Avalon Boulevard in Wilmington, CA, presents a unique investment opportunity. Built in 1927, this charming building boasts two inviting street-level storefronts ideal for retail businesses, complemented by six spacious private office spaces on the upper level. The building's original hardwood floors and high ceilings contribute to its inherent character and charm, while abundant natural light creates a welcoming atmosphere. Situated on a 0.17-acre lot in the heart of downtown Wilmington, the property benefits from high foot traffic and a strong sense of community. Its strategic location offers easy access to Wilmington's Waterfront Park and the Port of Los Angeles, providing both recreational and industrial advantages. The flexible zoning allows for a variety of uses, maximizing the property's potential. The current rental income presents a solid foundation for investors, while the potential for rent increases offers significant upside. This property is perfectly suited for both owner-occupiers seeking a unique business location and investors looking for a strong return on investment in a vibrant, growing area. The combination of historical charm, prime location, and versatile zoning makes this a truly exceptional opportunity.

    Property profile
    Verified
    Property type Investment properties
    Use group STORE/OFFICE (MIXED USE)
    Year built 1927
    Construction TILT-UP CONCRETE
    Total area 7,500 SF
    Lot 0.17 ac (7,507 SF)
    Zoning code LAC2
    APN 7423-003-020
    UPID US09-8066936
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $310k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $631k
    Blend (final) Blend
    $510k
    Owner & transaction history
    Melendez 2018 Family Trust · 7 yrs held
    Melendez 2018 Family Trust
    since 2018
    1 recorded transaction
    2018
    Zoning & alternative use
    LAC2 · Wilmington, CA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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