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$ 1,399,000
Est. payment /mo
Price Dropped by $100K
1236 N Wilmington Wilmington, CA 90744
0.31 Acres Lot
UPDATED:
Key Details
Property Type Single Family Home, Multi-Family
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB26061310
HOA Y/N No
Year Built 1947
Lot Size 0.306 Acres
Property Sub-Type Mixed Use
Property Description
Fully renovated turnkey mixed-use asset with ADU development potential on a 13,343 SF lot zoned LAC1.5. Large rear yard and favorable layout support the potential to add 3+ ADUs (buyer to verify) — strong value-add opportunity to increase density and long-term income. Excellent Current financials: 9.62 GRM and OVER 7% Cap Rate!!
***Current unit mix: 4 total units — 3 commercial (Private Kitchen at $3,000/mo, Nutrition/Vitamin Shop at $3,500/mo & one Vacant 945 Sq.Ft.), 1 two-bedroom residential unit at $2,165, and 1 legal 1-bedroom ADU at $1,950. Provides in-place cash flow with immediate upside through lease-up of vacant commercial space and future ADU expansion.
***Location advantages: high-visibility corridor on Wilmington Blvd with strong street frontage, consistent local traffic, and demand for neighborhood-serving retail. Close proximity to the Port of Los Angeles, major industrial/employment hubs, and dense residential neighborhoods supports both commercial and residential tenancy. Easy access to major transportation routes increases tenant demand and long-term rent growth.
Ideal for investors seeking stable mixed-use income with clear path to scale units and improve returns.
***Current unit mix: 4 total units — 3 commercial (Private Kitchen at $3,000/mo, Nutrition/Vitamin Shop at $3,500/mo & one Vacant 945 Sq.Ft.), 1 two-bedroom residential unit at $2,165, and 1 legal 1-bedroom ADU at $1,950. Provides in-place cash flow with immediate upside through lease-up of vacant commercial space and future ADU expansion.
***Location advantages: high-visibility corridor on Wilmington Blvd with strong street frontage, consistent local traffic, and demand for neighborhood-serving retail. Close proximity to the Port of Los Angeles, major industrial/employment hubs, and dense residential neighborhoods supports both commercial and residential tenancy. Easy access to major transportation routes increases tenant demand and long-term rent growth.
Ideal for investors seeking stable mixed-use income with clear path to scale units and improve returns.
Location
State CA
County Los Angeles
Area 195 - West Wilmington
Interior
Heating Forced Air
Fireplace No
Laundry Laundry Room
Exterior
Pool None
Community Features Curbs, Sidewalks, Park
Private Pool No
Building
Lot Description Near Park, Near Public Transit, Rectangular Lot
Story 1
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 7415012042
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Special Listing Condition Standard
Listed by Olga Wright Lyon Stahl Investment Real Estate, Inc. 310-801-7373, DRE #01315042