516 N Fries Ave
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
516 N Fries Ave
39 Unit Apartment Building $16,990,000 ($435,641/Unit) 5.88% Cap Rate Wilmington, CA 90744
Executive Summary
Compass is please to bring to market is listing of 516 N Fries Ave. This incredible property is in the final stages of development and will be sold with a service provider contract direct with the city of Los Angeles. This means this will be a single tenant property where the service provider is responsible for the leasing and running of the property leaving very little landlord responsibilities. Additionally the property will qualify for decreased property taxes due to HUD pass through from having a property leased to a single government agency. The property boasts a long term lease allowing for continued secured investing.
Property Facts
| Price | $16,990,000 | Building Class | B |
| Price Per Unit | $435,641 | Lot Size | 0.42 AC |
| Sale Type | Investment | Construction Status | Under Construction |
| Cap Rate | 5.88% | Building Size | 28,744 SF |
| No. Units | 39 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 2025 |
| Property Subtype | Apartment | Parking Ratio | 0.14/1,000 SF |
| Apartment Style | Low Rise | Opportunity Zone |
Yes
|
| Price | $16,990,000 |
| Price Per Unit | $435,641 |
| Sale Type | Investment |
| Cap Rate | 5.88% |
| No. Units | 39 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | B |
| Lot Size | 0.42 AC |
| Construction Status | Under Construction |
| Building Size | 28,744 SF |
| No. Stories | 3 |
| Year Built | 2025 |
| Parking Ratio | 0.14/1,000 SF |
| Opportunity Zone |
Yes |
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Elevator
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 32 | $2,407 | - |
| 2+2 | 7 | $3,052 | - |
1 of 1
Walk Score ®
Very Walkable (84)
Bike Score ®
Very Bikeable (89)
zoning
| Zoning Code | RD1.5 |
| RD1.5 |
1 of 25
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
516 N Fries Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.