28 Unit SRO Opportunity in Wilmington! 126 W D St 28 Unit Apartment Building $1,825,000 ($65,179/Unit) 7.86% Cap Rate Wilmington, CA 90744
INVESTMENT HIGHLIGHTS
- Offered at a competitive basis of ~$65K/Unit per unit, this property provides an excellent entry point for investors seeking immediate cash flow.
- Prime Wilmington location close to major employment hubs, schools and retail.
- 28 Unit SRO opportunity - All units share common area bathrooms, common area laundry and one communual kitchen.
EXECUTIVE SUMMARY
Northmarq and BRC Advisors, as the exclusive listing agents, are pleased to present 126 West D Street, a 28-unit Single Room Occupancy (SRO) opportunity in Wilmington, CA. Situated on a 4,652-square-foot lot, the two-story wood-frame building spans 5,544 square feet. Each floor is equipped with a full bathroom featuring two toilets and one shower, as well as a dedicated laundry room and a shared kitchen, providing residents with essential amenities in a well-maintained setting.
Wilmington is located within the Los Angeles Harbor region, positioned near the Port of Los Angeles. The area features a mix of residential, commercial, and industrial uses, with a steady demand for rental housing. Its location offers convenient access to major freeways and public transit, allowing for easy connectivity to nearby employment centers and surrounding communities.
The neighborhood includes schools, parks, and local businesses that serve the community’s needs. Wilmington has seen ongoing infrastructure improvements and city-backed initiatives aimed at maintaining and enhancing the area. With a strong demand for affordable housing, 126 West D Street represents a stable investment opportunity in an established Los Angeles submarket.
Wilmington is located within the Los Angeles Harbor region, positioned near the Port of Los Angeles. The area features a mix of residential, commercial, and industrial uses, with a steady demand for rental housing. Its location offers convenient access to major freeways and public transit, allowing for easy connectivity to nearby employment centers and surrounding communities.
The neighborhood includes schools, parks, and local businesses that serve the community’s needs. Wilmington has seen ongoing infrastructure improvements and city-backed initiatives aimed at maintaining and enhancing the area. With a strong demand for affordable housing, 126 West D Street represents a stable investment opportunity in an established Los Angeles submarket.
FINANCIAL SUMMARY (ACTUAL - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$336,912
|
$60.77
|
| Other Income |
$843
|
$0.15
|
| Vacancy Loss |
$35,376
|
$6.38
|
| Effective Gross Income |
$302,379
|
$54.54
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$159,006
|
$28.68
|
| Net Operating Income |
$143,373
|
$25.86
|
PROPERTY FACTS
| Price | $1,825,000 |
| Price Per Unit | $65,179 |
| Sale Type | Investment |
| Cap Rate | 7.86% |
| Gross Rent Multiplier | 5.41 |
| No. Units | 28 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 5,544 SF |
| Average Occupancy | 75% |
| No. Stories | 2 |
| Year Built | 1918 |
| Opportunity Zone |
Yes |
| Zoning | LAMR1 |
1 of 1
Walk Score®
Very Walkable (77)
Bike Score®
Very Bikeable (89)
PROPERTY TAXES
| Parcel Number | 7418-023-002 | Improvements Assessment | $1,072,201 (2024) |
| Land Assessment | $536,099 (2024) | Total Assessment | $1,608,300 (2024) |
