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Listing Detail

126 W D St, Wilmington, CA

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Investment Highlights

  • 28-Unit SRO With Strong Cash Flow on Current Rents

  • Reliable Product Type - SRO’s Perform Amazingly Well During the Toughest of Times

  • Recent Improvements Include a Remodeled Kitchen, Remodeled Bathrooms, a Newer Roof, Updated Plumbing and Electrical, a New Security Camera System, and More

  • Located Within a Half-Mile of the $71 Million Wilmington Waterfront Promenade Development and Proximate to the Ports of Los Angeles and Long Beach, Both Major Employers

126 West D Street

Wilmington, CA

Type: SRO
Rooms: 28
List Price: $2,100,000
Price/Room: $75,000
Price/SF: $379
Cap Rate: 6.08%

Investment Overview

The Bogie Group of Marcus & Millichap is pleased to present to market 126 West D Street, 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.

Download Offering Memorandum

Exclusively listed by

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David O'Keefe

First Vice President Investments

License: CA 01928739

(424) 405-3844

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