724 N Wilmington
Wilmington, CA 90744
Listing broker / agent: Mike Marcu, Broker · Mike Marcu · 949 688 1224 · CRMLS
MLS # OC26175414 · Last checked Oct 19, 2026 08:48 UTC
About this property
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 Current capitalization rate is 5.10% at asking price and the Market capitalization rate exceeds 8%. 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
Property details
- MLS number
- OC26175414
- Status
- Active
- Type
- Residential Income
- Subtype
- Apartment
- Lot size
- 0.31 acres
- County
- Los Angeles
- Year built
- 1963
More property detailsCollapse
Listing
- Days on market
- 42
Building
- Year built
- 1963
- Year built source
- Assessor
- Building stories
- 2
- Entry level
- 1
Rooms & interior
- Laundry
- None
Exterior & parking
- Total parking spaces
- 16
- Garage spaces
- 0
- Parking
- None
- Pool
- None
- Lot features
- Thirty Six To Forty Units Acre
- Lot size source
- Assessor
Utilities & community
- Water
- Public
- Sewer
- Sewer Tap Paid
- Community features
- Urban
Fees & lease terms
- Association
- No
- Association fee
- $0.00
Nearby public schools
Nearby does not mean assigned. These are approximate straight-line distances from the property, not walking or driving routes. Confirm attendance boundaries, enrollment eligibility, grades and current school status directly with the district.
| School / district | Grades | Distance |
|---|---|---|
| Hawaiian Avenue Elementary (school website, opens in a new tab) Los Angeles Unified · Wilmington | K–5 | 0.3 mi |
| George De La Torre Jr. Elementary (school website, opens in a new tab) Los Angeles Unified · Wilmington | K–8 | 0.5 mi |
| Gulf Avenue Elementary (school website, opens in a new tab) Los Angeles Unified · Wilmington | K–5 | 0.5 mi |
| Dr. Richard A. Vladovic Harbor Teacher Preparation Academy (school website, opens in a new tab) Los Angeles Unified · Wilmington | 9–12 | 0.6 mi |
| Fries Avenue Elementary (school website, opens in a new tab) Los Angeles Unified · Wilmington | K–5 | 0.8 mi |
| Harry Bridges Span (school website, opens in a new tab) Los Angeles Unified · Wilmington | K–8 | 0.9 mi |
| Dan M. Issacs Avalon High (school website, opens in a new tab) Los Angeles Unified · Wilmington | 9–12 | 1.1 mi |
| Phineas Banning Senior High (school website, opens in a new tab) Los Angeles Unified · Wilmington | 9–12 | 1.3 mi |
Source: California Department of Education · 2025-26 school locations. Downloaded Oct 2, 2026 UTC. This annual snapshot may not reflect later changes. Public schools only; not a complete list of education options. No ratings or attendance assignments are provided.
Check the California School Directory ↗Price and tax history
Asking price
- Current asking price
- $2,950,000
- MLS-reported original asking price
- $3,120,000
- MLS-reported previous asking price
- $3,120,000
- MLS-reported last price change
- 2026-09-16 10:14 UTC
| Observed (UTC) | Asking price |
|---|---|
| Oct 2, 2026 05:43 | $2,950,000 |
MLS values are reported for this listing, not prior sales. Observation dates show when our importer saw an asking price, not when the MLS changed it. Up to 24 observations are retained; changes between refreshes may be missed. This is not a complete price or sales history.
Property taxes
Tax history is not available from the imported listing data.
Source: MLS feed. Only supplied tax years are shown, up to 10 years; this is not a county tax archive. Amounts may be corrected and taxes may change after purchase. Verify assessments and current taxes with the county. These values do not automatically fill the payment calculator.
Market trends in Wilmington
Active residential homes for sale in Wilmington, CA, available through this website's authorized feed. Includes residential subtypes; excludes rentals. Not the entire market or a valuation of this property.
Observed price activity · past 30 days
2 currently active listings have an observed price-change pair ending in this period. A listing can appear in both counts.
Calculated 2026-10-19 10:14 UTC. Source: this website's authorized MLS inventory. Import progress, freshness rules and coverage affect the figures. Medians exclude missing/invalid values; price per sq ft is the median of individual listing ratios. Price observations are limited to the last 24 per listing and may miss changes between refreshes. This is not a complete 30-day market report, historical inventory trend, appreciation measure, or sold-price analysis.
Payment calculator
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Illustration only—not a rate quote, preapproval, lending offer or affordability determination. Assumes equal monthly payments on a fully amortizing fixed-rate loan; no adjustable rates, interest-only periods or balloon payments. Excludes closing costs, utilities, maintenance, special assessments and other unentered costs. Actual payments and escrow can differ. Review a Loan Estimate with your lender.
Understanding homeownership costs — CFPB ↗