1010 E Anaheim St, Wilmington, CA 90744

1010 E Anaheim St, Wilmington, CA 90744

Wilmington, CA

Property Description

Part of an 8 Building Portfolio! Can be sold individually or as a portfolio. 1010 E Anaheim St is a mostly Stabilized 8 unit apartment in Los Angeles County. Priced at a 9.04 GRM and 7.23% Current Cap rate, this asset is ideal for any investor looking for strong cash flow in a growing submarket of Los Angeles. The subject property boasts an excellent unit mix of (8)1-bed/1-bath Units. At only $187k/Door and $366/SF, this asset provides strong cash flow and immense upside. 1010 E Anaheim St is sandwiched between San Pedro’s new Waterfront Project and the City of Long Beach, 1010 E Anaheim is a quickly growing submarket in the South Bay.

Property Features

  • Sale Price: $1,500,000
  • Area Size: 4,801 sq ft lot
  • Year Built: 1940
  • Listing Date: 05/15/2024
  • Units: 8
  • Current GRM: 9.04 GRM
  • Current Cap Rate: 7.23%