Wilmington CA 90744
126 West D Street is 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.
Listing provided courtesy of Steven Bogoyevac of Steven M. Bogoyevac, Broker. Last updated 2023-01-31 09:11:34.000000. Listing information © 2021 CRMLS.