1010 E Anaheim St, Wilmington, CA 90744

Overview

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• Property Type: 8-Unit Apartment Building
• Location: 1010 E Anaheim St, Wilmington, Los Angeles County, CA
• Portfolio Availability: This property is part of an impressive 8-building portfolio that can be sold individually or as a complete package, providing flexibility for investors.

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Financial Highlights

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• Price: $187,000 per door / $366 per square foot
• Gross Rent Multiplier (GRM): 9.04
• Current Cap Rate: 7.23%
• Potential Rental Upside: 39%
• Stabilized GRM: 6.49
• Stabilized Cap Rate: 10.98%
• Delivery Condition: The property will be delivered with 1 vacancy, allowing for immediate cash flow from the remaining occupied units.

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Unit Mix

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• Total Units: 8
• Unit Types:
  • 8 x 1-Bedroom / 1-Bathroom Apartments

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This unit mix caters well to a diverse demographic, from young professionals to small families, ensuring strong demand in this vibrant community.

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Location Advantages

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• Neighborhood: Wilmington, CA
  1010 E Anaheim St is located in the rapidly developing Wilmington neighborhood, which is becoming increasingly attractive to renters due to its strategic location and community features.
• Nearby Attractions:
  • Proximity to Major Cities: Just minutes from Rancho Palos Verdes, San Pedro, and Long Beach, making it an ideal spot for residents who enjoy easy access to urban amenities while living in a quieter community.
  • San Pedro’s New Waterfront Project: Located nearby, this revitalization project is expected to increase property values and attract more residents and businesses to the area.
• Community Features:
  Wilmington boasts a vibrant local community with access to various amenities, shopping districts, parks, and recreational areas. The neighborhood is known for its strong sense of community and growing economic opportunities, making it appealing to potential tenants.

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Investment Highlights

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• Immediate Cash Flow:
  Investors can benefit from strong cash flow potential, with the property currently offering a cap rate of 7.23% and a GRM of 9.04. This immediate income makes it an attractive option for those looking to generate revenue from day one.
• Significant Growth Potential:
  With a 39% rental upside, the property has significant potential for increased income. Once stabilized, it could achieve a GRM of 6.49 and a cap rate of 10.98%, offering an excellent opportunity for appreciation and enhanced cash flow over time.
• Strategic Location:
  1010 E Anaheim St is situated in a rapidly growing submarket of the South Bay, providing an advantageous position for long-term investment. The demand for rental properties in this area is expected to increase, driven by ongoing developments and community improvements.

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Don’t miss this chance to invest in a prime Los Angeles property with strong cash flow, significant upside potential, and an ideal location in a thriving community! Whether you're an experienced investor or looking to make your first move in the real estate market, 1010 E Anaheim St is an opportunity that shouldn't be overlooked. Act now to explore how this property can enhance your investment portfolio and secure your financial future.

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For more information about this investment opportunity, please reach out to Taylor Avakian, founder of The Group CRE and First VP of Lyon Stahl.