324 W Opp, Wilmington, CA — listing photo 1
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FOR SALENew Listing

324 W Opp

Wilmington, CA 90744
8,195 Lot Sq Ft
Built 1923
$1,580,000

Property Overview

Well-maintained 10-unit courtyard-style apartment complex consisting of six studios and four one-bedroom units in two side-by-side buildings on an 8,192 SF lot. This charming gated property is located in a quiet residential neighborhood and one of Wilmington’s more desirable rental pockets. Offered at an attractive 9.7 GRM & 6.5% Cap Rate on CURRENT income, the property provides stable in-place cash flow with significant upside in rents. Additional Income Includes Capital Improvements Surcharge, Laundry, and Storage Income. >>The property has been meticulously maintained with ongoing upgrades, including copper plumbing and updated electrical. Units are separately metered for gas and electricity, the property offers on-site laundry, and tenants pay their own trash expenses, helping keep operating costs low. <<Conveniently located near the 110 Freeway and the Ports of Los Angeles and Long Beach. Major ongoing investment and development throughout the port area is creating jobs, improving infrastructure, and positively impacting demand and property values in Wilmington. The nearly completed new construction next door further improves the immediate surroundings and adds to the property’s long-term appeal.***SEE SUPPLEMENTS FOR OM***

Home Details

Property type
Residential Income - Apartment
Year built
1923
Lot size
8,195 sq ft
Stories
1
Days on market
0
MLS status
Active

Features & Amenities

Pool

  • None

Lot

  • Walkstreet

Community, Schools & Utilities

Utilities

Water
Public
Sewer
PublicSewer

Location & Neighborhood

324 W Opp

Wilmington, CA 90744

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Frequently Asked Questions About 324 W Opp

Property type: Residential Income

The current asking price is $1,580,000. Pricing is subject to change and may vary based on market conditions, negotiations, and property updates. Contact our team to verify current pricing.
Yes. Use the Book Visit action or contact form to request an in-person or virtual tour of 324 W Opp. Our team will confirm availability and timing.
This property offers the living space reported in the listing. It was built in 1923. Review the listing details and disclosures, then independently verify material features before making a decision.
The property is in Wilmington, California. Review the map, visit at relevant times of day, and verify schools, commute routes, services, noise, hazards, and local rules for the exact address.
Financing depends on the buyer, lender, property type, condition, appraisal, insurance, and association documents. A qualified lender can confirm available programs and costs for this Wilmington property.
The MLS currently reports the property as Active. It has been listed for 0 days. Status can change, so verify availability before relying on it.

What clients say

“Reza was the best agent we have ever worked with.”Russell & Susan McQueen

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Crown Coastal Support Team

Direct support from our real estate team

No obligation. Your inquiry goes directly to the Crown Coastal team.

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Reza Barghlameno

eXp of California

Call: +1 (858) 305-4362
Email: contact@crowncoastalhomes.com

Listing Agent

Name: Olga Wright
MLS ID: SBWRIGOLG

Available property

$1,580,000

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Data provided by California Regional Multiple Listing Service, Inc. ("CRMLS"). Information is for viewer's personal, non-commercial use. All data should be independently verified for accuracy.