Investment Overview

1001 & 1005 West G Street in Wilmington, California 90744 is an adjacent two parcel multifamily property consisting of (10) two-bedroom, one-bathroom units and (2) one-bedroom, one-bathroom units for a total of twelve fully occupied and professionally managed units with approximately 46% rental upside plus on-site laundry income. The property has undergone major upgrades and improvements which include new electrical panels, recently replaced interior electric and meters, newly installed railings, a re-asphalted driveway and parking lot, a recently painted exterior, and a roof replacement within the last 10 years. This pride of ownership property has been very well maintained and managed by the same ownership for almost 40 years. The property’s location of Wilmington, California 90744 is within City of L.A. jurisdiction. As the property was built in 1958, it is subject to L.A.’s rent stabilization ordinance (RSO) which allows an annual rent increase of currently 3%. The property’s centralized location between Carson to the North, San Pedro to the South, Palos Verdes to the West, and Long Beach to the East provides easy accessibility to many employers, shopping destinations, and recreational activities. An investor can financially benefit from this investment opportunity due to excellent rent collections, a desirable unit mix of mostly two-bedrooms with approximately 46% rental upside, recent property upgrades, a smooth operating history, and a strong local housing demand attributed to population growth, limited housing, and nearby major employers including the Port of Los Angeles and the Port of Long Beach.