519 Broad Avenue, Wilmington, CA 90744
- $999,000
- List Price
- $999,000
- Status
- ACTIVE
- MLS#
- SB26125323
- Year Built
- 1978
- Lot Size
- 8,599
- Acres
- 0.20
- Lot Location
- 0-1 Unit/Acre
- Days on Market
- 45
- Property Type
- Single Family Residential
- Style
- Bungalow
- Property Sub Type
- Single Family Residence
- Stories
- One Level
Property Description
Rare opportunity to acquire a 5-unit income property in the heart of Wilmington. Unlike traditional apartment buildings, all five units are individual and separate structures, offering added privacy, reduced shared-wall concerns, and strong tenant appeal. All with separate gas and electric meters for each unit, providing efficient expense management and strong rental appeal. Ideal for investors looking for stable cash flow, easy utility allocation, and long-term value in a multi-family investment. Located near the bustling Port of Los Angeles, major transportation corridors, shopping, dining, and local amenities, this property presents an excellent opportunity for investors seeking stable rental income and long-term growth potential. The property benefits from Wilmington's strategic location and ongoing development throughout the harbor area. Each unit is separately situated, creating a desirable residential setting for tenants while providing flexibility for ownership and management. Whether you are looking to expand your investment portfolio or secure a multi-unit asset in a high-demand rental market, this property offers significant upside potential.
/u.realgeeks.media/tonylanzhomes/Tony_Lanz_Logo_Transparent_sm.png){kind=spacer}
Additional Information
- Appliances
- Gas Oven, Gas Range, Refrigerator
- Pool Description
- None
- Heat
- Wall Furnace
- View
- Neighborhood
- Exterior Construction
- Stucco
- Sewer
- Public Sewer
- Water
- Public
- Interior Features
- Tile Counters, All Bedrooms Down
- Attached Structure
- Detached
- Number Of Units Total
- 5
- Gross Scheduled Income
- $74,892
- Operating Expense
- 28031
Listing courtesy of Listing Agent: Vickie McShane (VLMCSHANE@AOL.COM) from Listing Office: Coastal Financial & Realty, Inc.
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.