1147 N Marine AVE Wilmington, CA 90744

We are pleased to present this 4 unit apartment community located in the heart of Wilmington. The offering consists of four 1 bedroom units. Each apartment unit includes a washer/dryer hookup. In total, the buildings sit on a 6,697 sq ft lot and feature 4 single car garages. Offered at $156k/unit and $260/ft, this opportunity allows an astute investor to add value to the property as tenants turnover. The property has strong day 1 income operating at a 4.77% Cap Rate & 13.94 GRM. There is rental upside potential to a 10.85% Pro-Forma Cap Rate & 7.44 Pro-Forma GRM. This property is a part of a 8 building portfolio ranging from apartments, commercial, mixed use and a hotel. Each property in the portfolio is being offered individually or can be bought together! Each building in the portfolio is less than a mile away from each other and most are within a few blocks of each other.