Property Detail

Description

This gorgeous property is every Investor's Dream . . . a well-maintained, quiet building with ultra-stable residents. Moreover, the building was built in 1986, and therefore, it is NOT subject to LA City Rent Control. This fantastic investment property consists of six (6) 2-bedroom apartment units and a total of thirteen (13) parking spaces, six of which are found in enclosed garages. The new roof was installed in 2024 and the building was freshly painted in June of 2026. Other features include entry gates and an on-site laundry room. Nestled squarely in the heart of Wilmington, the property is conveniently located close to shopping, restaurants, financial institutions, parks, places of worship, employment centers, and public transportation. Another feature is the upside potential with respect to the property's rental income; again, the building is NOT subject to LA City Rent Control.