Homes for sale - 1020 Broad, Wilmington (los Angeles), CA 90744

Additional details

Vicky Van Brocklin

vicky@vickyvanbrocklin.com +1(925) 785-6380

Listed by David Holstein • The Holstein Group

$1,595,000

Est. payment - /mo

6,480 SqFt

Save

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

Read Less Info

© 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.

GET MORE INFORMATION

Vicky Van Brocklin

Broker | License ID: 01512910

+1(925) 785-6380

vicky@vickyvanbrocklin.com

3001 Bishop Drive Suite 300, San Ramon, CA, 94583

Quick Search

1020 Broad Wilmington (los Angeles), CA 90744

Vicky Van Brocklin

Key Details

Location

Interior

GET MORE INFORMATION