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listing
1 of 7
Residential Income
$2,100,000
126 W D Street
Wilmington, CA 90744
Listed by Steven Bogoyevac DRE#01332755 [email protected] Steven M. Bogoyevac, Broker
MLS: California Regional MLS (CRMLS)
Est. Mortgage
$10,940/mo

126 West D Street is a 28-room single room occupancy (SRO) hotel in Wilmington, California. This offering is great opportunity to acquire an asset of a reliable product type with great current cash flow and upside potential in a dense market. 126 West D Street is a two-story, 5,544-square foot building that boasts numerous recent improvements, including: new exterior and interior paint, an extensive security camera system, remodeled bathrooms, a remodeled kitchen with a new stove, new security gates, a newer roof, updated electrical and plumbing, and select units feature new vinyl flooring and a new vanity. The building also offers on-site coin-operated laundry facilities. The property is located near the intersection of D Street and Marine Avenue, less than a half-mile from the $71 Million Wilmington Waterfront Promenade development project that is anticipated to be completed in 2023. The 12-acre project will transform an industrial site into a park, a waterfront promenade, and other recreational spaces. Furthermore, the property is near the ports of Los Angeles and Long Beach, both major employers in the region.

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Information courtesy of Steven M. Bogoyevac, Broker is subject to verification and is not guaranteed.
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