UPDATED:
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SB25193258
Sold Date 10/27/25
HOA Y/N No
Year Built 1922
Lot Size 0.273 Acres
Property Sub-Type Retail
Property Description
16 Residential Units | 3 Leased Commercial Spaces | Two Parcels | Wilmington, CA
Rare opportunity in Wilmington! Two adjacent parcels (APNs 7423-002-012 & 7423-002-011) are being offered together, featuring a prominent corner location with private alley access and excellent visibility in a high-traffic area.
Property Highlights
Mixed-Use Building (Parcel 1):
16 one-bedroom SLO residential units on the upper floors
Ground-floor commercial spaces currently leased, providing strong rental income
Retail Property (Parcel 2):
Dedicated retail space with private parking via the alley
Zoning: C2-2D-O-CUGU — offering flexibility for redevelopment, ADUs, or future expansion
Parking & Access: Convenient private alley access + onsite parking, adding to tenant and customer appeal
Rent Roll: Available in supplements upon request
Seller Financing on Attractive Terms
The seller is open to carrying paper and may act as the first-position lender on favorable terms. This creates a unique opportunity for investors and developers to secure competitive financing while acquiring a high-performing, cash-flowing asset in one of Wilmington's most promising growth corridors.
Investment Potential
With diversified income streams from the residential and commercial tenants, plus flexible zoning and future development possibilities, this property checks all the boxes for investors seeking immediate returns with long-term upside.
Investment Highlights
Prime Mixed-Use Investment – Seller Financing Available
16 Residential Units | 3 Leased Commercial Spaces | Two Parcels | Wilmington, CA
Rare opportunity in Wilmington! Two adjacent parcels (APNs 7423-002-012 & 7423-002-011) are being offered together, featuring a prominent corner location with private alley access and excellent visibility in a high-traffic area.
Rent Roll: Available in supplements upon request
Seller Financing on Attractive Terms
The seller is open to carrying paper and may act as the first-position lender on favorable terms. This creates a unique opportunity for investors and developers to secure competitive financing while acquiring a high-performing, cash-flowing asset in one of Wilmington's most promising growth corridors.
Location
State CA
County Los Angeles
Area 196 - East Wilmington
Interior
Fireplace No
Laundry See Remarks
Exterior
Utilities Available Electricity Connected, Sewer Connected
Building
Lot Description 6-10 Units/Acre
Story 2
Water Public
Others
Tax ID 7423002012
Acceptable Financing Cash, Cash to New Loan, Conventional
Listing Terms Cash, Cash to New Loan, Conventional
Financing Cash to New Loan
Special Listing Condition Standard

Bought with Julian Bloch Keller Williams Realty

"John takes great pride in helping his clients through every step of the buying and selling process. Leveraging two decades of experience in pre-construction, new home sales and market sales exclusive representation. his vast knowledge in brokering home sales within luxury communities and new developments has proven invaluable to his clients."
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