Property Detail

126 D

Wilmington CA 90744


Status: Active

Property Details


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.

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Listing provided courtesy of Steven Bogoyevac of Steven M. Bogoyevac, Broker. Last updated 2023-01-31 09:11:34.000000. Listing information © 2021 CRMLS.

Steele Realty Group

Steele Realty Group

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