CA > Wilmington (los Angeles)
Wilmington (los Angeles), CA 90744,1020 Broad
Wilmington (los Angeles), CA 90744,1020 Broad
Wilmington (los Angeles), CA 90744,1020 Broad
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$1,595,000
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6,480 SqFt
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1020 Broad Wilmington (los Angeles), CA 90744

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Max Manatt

Max Manatt

+1(925) 980-3375

UPDATED:

Key Details

Property Type Commercial

Sub Type Other

Listing Status Active

Purchase Type For Sale

Square Footage 6,480 sqft

Price per Sqft $246

MLS Listing ID CRSB26002296

HOA Y/N No

Year Built 1958

Lot Size 8,485 Sqft

Property Sub-Type Other

Source Datashare California Regional

Property Description

Priced well below the cost of replacement, this unique 8 units Apartment Building with ALL 2 Bedroom units has amazing long term upside potential with current rents far below market (approximately 40% upside in rents). Although the asset is subject to LA City Rent Control, the positive side of owning this asset is exceptionally low turnover, low move out, low maintenance expenses, ease of management, and downside protection - (when or if) standard market rents / vacancies pose a challenge to keep up with, these rents can only go UP (most likely). Upgrades & Attributes: The asset has an exceptional units mix with all 2 Bedrooms that are larger than the normal size for the area. All electrical panel have been replaced (2025), the SB721 Balcony Inspection has been completed (2025), New Roof (2020) and still under warranty, NO Soft Story Construction (this is an obstacle with many buildings in CA and not a variable with this asset as all parking is open - no tuck under parking). Large Laundry Room (4 machines) on MTM Lease with WASH, separate utility meters for gas and electric, and most of the building appears to be copper plumbed (Buyer to verify). Area: Gateway to Los Angeles: Wilmington is a neighborhood in Los Angeles, California with a population of 51,815. Wilmington is in Los

Location

State CA

County Los Angeles

Interior

Heating Natural Gas

Fireplace No

Laundry Common Area, Other

Bay East Association of Realtors
© 2026 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.

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Max Manatt

Max Manatt

Agent | License ID: 01957416

+1(925) 980-3375

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