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For sale
  • Listed by: Mike Marcu, Broker • Mike Marcu • Contact: 949 688 1224
    $3,120,000

    724 N Wilmington Blvd, Wilmington, CA 90744

    32beds
    16baths
    10,448sqft
    : 
    $20,869/mo
    Get pre-qualified
    Multi Family
    Built in 1963
    -- sqft lot
    $-- Zestimate®
    $299/sqft
    $-- HOA

    What's special

    The Mogharebi Group is pleased to present the opportunity to acquire a 16-unit apartment community located at 720 North Wilmington Boulevard in the City of Wilmington, California. Situated on a 13,398 square foot lot, the property consists of two two-story residential buildings totaling approximately 10,488 square feet and features an attractive unit mix of sixteen two-bedroom, one-bathroom apartments. The property offers investors the opportunity to acquire a well-located workforce housing asset in one of Los Angeles County's strongest rental markets. All units are individually metered for gas and electricity, significantly reducing owner operating expenses, while tenants benefit from convenient on-site parking and landscaped courtyard areas. Every apartment is a desirable two-bedroom floor plan featuring vinyl flooring and carpet in the living areas, Formica countertops, gas wall heating, range/oven, refrigerator, hood fan, and garbage disposal. The property includes sixteen surface parking spaces, central gas water heating, and attractive landscaped common areas. Located just minutes from the Port of Los Angeles, Interstate 110, SR-47, and numerous major employment centers throughout the South Bay and Harbor region, the property benefits from consistent tenant demand driven by port-related employment, logistics, manufacturing, healthcare, and transportation industries. The central location also provides convenient access to Downtown Long Beach, San Pedro, Carson, and Torrance. l. Investment Highlights • 16 spacious two-bedroom, one-bathroom apartment homes • Two-story apartment community on approximately 13,398 SF lot • Approximately 10,488 rentable square feet • RUBS in place • Individually metered for gas and electricity • Sixteen on-site surface parking spaces • Landscaped courtyard setting • Strong workforce housing location serving the Port of Los Angeles and South Bay employment centers • Opportunity to increase income through unit upgrades and professional management • Excellent long-term hold in a high-demand Los Angeles County rental market
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    Zillow last checked:

    Listing updated:

    Listed by:

    Mike Marcu DRE #00919594 9496881224,

    Mike Marcu, Broker

    Source: CRMLS,MLS#: OC26175414MLS LogoOriginating MLS: California Regional MLS

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 32
      • Bathrooms: 16
      Appliances
      • Laundry: None
      Features
      • Common walls with other units/homes: 2+ Common Walls
      Interior area
      • Total structure area: 10,448
      • Total interior livable area: 10,448 sqft

      Property

      Parking
      • Total spaces: 16
      • Parking features: None
      • Uncovered spaces: 16
      Features
      • Entry location: 1&2
      • Pool features: None
      Lot
      • Size: 0.31 Acres
      • Features: 36-40 Units/Acre
      Details
      • Additional parcels included: 7416016005
      • Parcel number: 7416016007
      • Special conditions: Standard

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Multi Family
      • Attached to another structure: Yes
      Condition
      • New construction: No
      • Year built: 1963

      Utilities & green energy

      • Sewer: Sewer Tap Paid
      • Water: Public

      Community & HOA

      Community
      • Features: Urban
      Location
      • Region: Wilmington

      Financial & listing details

      • Price per square foot: $299/sqft
      • Date on market: 8/11/2026
      • Listing terms: Cash,Cash to New Loan
      • Tenant pays: Electricity, Gas

        Estimated market value

        Not available

        Estimated sales range

        Not available

        $1,703/mo

        Price history

        DateEventPrice
        8/11/2026Listed for sale$3,120,000$299/sqft
        Source: CRMLS #OC26175414 Report a problem

        Public tax history

        Tax history is unavailable.

        Monthly payment

        Est. payment

        Payment breakdown

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        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
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        Climate risks

        Neighborhood: Wilmington

        Getting around

        86 / 100
        Very Walkable
        83 / 100
        Very Bikeable

        Nearby schools

        GreatSchools rating

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