Wilmington, CA 90744,1020 Broad
Wilmington, CA 90744,1020 Broad
Wilmington, CA 90744,1020 Broad
11
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$1,595,000
Est. payment /mo
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2 Beds
1 Bath
8,485 Sqft Lot
Active

1020 Broad Wilmington, CA 90744

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Kary Manering

Kary Manering

+1(619) 213-2878

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Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID SB26002296

Bedrooms 2

Lot Size 8,485 Sqft

Property Sub-Type Res Income 2-4 Units

Property Description

Priced well below the cost of replacement, this unique 8 units Apartment Building with ALL 2 Bedroom units has amazing long term upside potential with current rents far below market (approximately 40% upside in rents). Although the asset is subject to LA City Rent Control, the positive side of owning this asset is exceptionally low turnover, low move out, low maintenance expenses, ease of management, and downside protection - (when or if) standard market rents / vacancies pose a challenge to keep up with, these rents can only go UP (most likely). Upgrades & Attributes: The asset has an exceptional units mix with all 2 Bedrooms that are larger than the normal size for the area. All electrical panel have been replaced (2025), the SB721 Balcony Inspection has been completed (2025), New Roof (2020) and still under warranty, NO Soft Story Construction (this is an obstacle with many buildings in CA and not a variable with this asset as all parking is open - no tuck under parking). Large Laundry Room (4 machines) on MTM Lease with WASH, separate utility meters for gas and electric, and most of the building appears to be copper plumbed (Buyer to verify). Area: Gateway to Los Angeles: Wilmington is a neighborhood in Los Angeles, California with a population of 51,815. Wilmington is in Los Angeles County. Living in Wilmington offers residents a dense suburban feel and most residents rent their homes. In Wilmington there are a lot of coffee shops and parks. The public schools in Wilmington are considered above average.

Location

State CA

County Los Angeles

Zoning Assessor

Direction Located between Anaheim and PCH on Broad Ave

Interior

Fireplace No

Exterior

View Y/N No

Building

Story 2

Level or Stories 2

Others

Senior Community No

Tax ID 7423009009

Acceptable Financing Cash

Listing Terms Cash

MLS Router / San Diego MLS
Listed by David Holstein The Holstein Group

NEARBY SCHOOL & BUSINESS

SCHOOLSPROPERTIES
Elementary Schools 20
  • 8

    Park Western Place Elementary

    Public | PK - 5

  • 8

    Taper Avenue Elementary

    Public | KG - 5

  • 8

    232nd Place Elementary

    Public | KG - 5

  • 7

    Harry Bridges Span School

    Public | KG - 8

  • 6

    Catskill Avenue Elementary School

    Public | KG - 5

  • 5

    Harbor City Elementary School

    Public | KG - 5

  • 5

    Bandini Street Elementary

    Public | KG - 6

  • 5

    Caroldale Learning Community

    Public | KG - 8

  • 5

    Gulf Avenue Elementary

    Public | KG - 5

  • 5

    Broad Avenue Elementary School

    Public | PK - 5

  • 5

    Bonita Street Elementary

    Public | KG - 5

  • 5

    Elizabeth Beth Hudson K - 8 School

    Public | KG - 8

  • 5

    Daniel Webster Elementary School

    Public | KG - 5

  • 4

    President Avenue Elementary School

    Public | 1 - 6

  • 4

    Meyler Street Elementary

    Public | KG - 5

  • 4

    Normont Elementary

    Public | KG - 5

  • 4

    Dolores Street Elementary

    Public | KG - 5

  • 4

    Fries Avenue Elementary

    Public | KG - 5

  • 3

    Wilmington Park Elementary

    Public | PK - 5

  • 2

    Barton Hill Elementary School

    Public | PK - 6

Middle Schools 5
  • 5

    White Middle School

    Public | 6 - 8

  • 5

    Stephens Middle School

    Public | 6 - 8

  • 4

    Wilmington STEAM Magnet

    Public | 6 - 8

  • 0

    Rolling Hills Preparatory School

    Private | 6 - 12

  • 0

    William J. Johnston Community Day

    Public | 7 - 12

High Schools 10
  • 9

    Harbor Teacher Preparation Academy

    Public | 9 - 12

  • 8

    Port of los Angeles High School

    Public | 9 - 12

  • 7

    Carson Academy of Medical Arts High School

    Public | 9 - 12

  • 6

    Academies of Education & Empowerment at Carson High School

    Public | 9 - 12

  • 4

    Carson High STEAM School

    Public | 9 - 12

  • 4

    Phineas Banning High School

    Public | 9 - 12

  • 1

    Cabrillo High School

    Public | 9 - 12

  • 0

    Eagle Tree Continuation

    Public | 9 - 12

  • 0

    Avalon High School

    Public | 9 - 12

  • 0

    Reid High School

    Public | 11 - 12

School and business data provided by Attom Data.

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Kary Manering

Kary Manering

Agent | License ID: 01999946

+1(619) 213-2878

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1020 Broad