$1,500,000
1010 E Anaheim St, Wilmington, Ca 90744
4,096 SF
Square Feet
$366
PPSF
8
Units
100.0K
PPU
7.33%
CAP
Property Description
Units
8 — PPU: 100.0K
NOI
$109,950
Cap Rate
7.33%
This property is an 8-unit apartment building located at 1010 E Anaheim St, Wilmington, CA. Built in 1940, it features a diverse unit mix of (8) 1-Bedroom/1-Bathroom apartments. The property is part of an 8-building portfolio, offering flexibility for investors. Financial highlights include a price of $187,000 per door, a Gross Rent Multiplier (GRM) of 9.04, and a current cap rate of 7.23%. With significant growth potential and immediate cash flow, this investment opportunity is situated in a burgeoning neighborhood known for its strong community and accessibility to major cities.
Property Details
Asset Type
MultiFamily
Year Built
1940
Zoning
Residential
Submarket
Wilmington
ZIP
90744
Listing Type
sale
Net Operating Income (NOI)
$174,436
Debt Service Coverage Ratio (DSCR)
2.04x
Cap Rate
11.63%
Cash Flow (Annual)
$89,107
Cash-on-Cash Return
23.76%
Monthly Debt Service
$7,111
Annual Debt Service
$85,329
View on Map
Address
1010 E Anaheim St, Wilmington, Ca 90744
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Wilmington MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale
No investors found in this market.