Properties

Wilmington, CA 90744 1001 & 1005 W G Street

1001 & 1005 W G Street Wilmington, CA - Image 11001 & 1005 W G Street Wilmington, CA - Image 21001 & 1005 W G Street Wilmington, CA - Image 3
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1001 & 1005 W G Street Wilmington, CA - Image 41001 & 1005 W G Street Wilmington, CA - Image 51001 & 1005 W G Street Wilmington, CA - Image 61001 & 1005 W G Street Wilmington, CA - Image 71001 & 1005 W G Street Wilmington, CA - Image 81001 & 1005 W G Street Wilmington, CA - Image 91001 & 1005 W G Street Wilmington, CA - Image 101001 & 1005 W G Street Wilmington, CA - Image 111001 & 1005 W G Street Wilmington, CA - Image 121001 & 1005 W G Street Wilmington, CA - Image 131001 & 1005 W G Street Wilmington, CA - Image 141001 & 1005 W G Street Wilmington, CA - Image 151001 & 1005 W G Street Wilmington, CA - Image 16
Presented By: Joshua Cohen with Keller Williams Realty;
  • MLS# 26646247
  • 02/02/2026
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  • Beds • 22
  • Baths • 2
  • SQFT • 8,182

Home Details

Price just reduced $145,000! We are pleased to present our latest investment opportunity: 1001 & 1005 West G Street. Located in the heart of Wilmington, this twelve unit property offers an attractive unit mix of ten spacious two bedroom units and two well proportioned one bedroom units. As an investment, this is a genuine value add opportunity. The units are clean,functional, and currently rented at solid levels, yet they lack the contemporary finishes that drive premium rents in the area. This creates a compelling 53% rental upside for a new owner to capture through strategic improvements, organic unit turns, targeted rent increases, or even potential cash for keys agreements. The property has benefited from years of professional, detail oriented management, with a strong emphasis on long term building health. Several major capital improvements have already been completed, significantly reducing near term maintenance exposure: The entire electrical infrastructure has been modernized from top to bottom, enhancing safety, improving reliability, and reducing future capital risk. Each unit is separately metered with individual water heaters, improving NOI and simplifying operations. There is secure, Gated Parking Controlled access and improved lighting enhance tenant satisfaction and retention. Beyond the physical asset, the economic fundamentals of the immediate area are exceptionally strong. Wilmington sits adjacent to the Port of Los Angeles and Port of Long Beach, which together form the largest container port complex in North America. This port system is not only a global logistics hub it is also the largest employment engine in the region, supporting nearly 230,000 jobs locally and more than 3 million jobs nationwide. These ports handle over 16 million TEUs annually, underscoring their scale and long term economic relevance. This concentration of port driven employment creates a stable, blue collar tenant base with consistent housing demand. The broader Los Angeles/Long Beach metro area also maintains a labor force of over 5 million workers, with more than 4.7 million employed as of the latest data. This deep and diverse employment pool further reinforces the reliability of rental demand in Wilmington. With a Walk Score of 86, the property offers excellent access to nearby retail, entertainment, and transit options - a strong complement to the steady employment base generated by the ports and surrounding industrial corridor. For investors seeking a building with clear, actionable upside, strong in place capital improvements, and proximity to one of the most economically resilient employment centers in the country, 1001 & 1005 West G Street is a standout opportunity.
Presented By: Joshua Cohen with Keller Williams Realty;

Interior Features for 1001 & 1005 W G Street

Bedrooms

Total Bedrooms22

Bathrooms

1/4 Baths0
3/4 Baths0
Half Baths
Total Baths12

Other Interior Features

LivingAreaSourceAssessor
Air Conditioning Y/NNo
Common WallsItem1CommonWall
Heating Y/NYes
Total Stories2

General for 1001 & 1005 W G Street

Additional Parcels Y/NYes
Cap Rate5.52
CityWilmington
CoolingNone
CountyLos Angeles
DirectionsNear cross streets of Wilmington Blvd and West G Street
Full Baths
Gross Income208030
HOANo
HeatingForced Air
LevelsTwo
Living Area8182
Lot Size Square Feet9336
Lot Size UnitsSquare Feet
MLS Area195 - West Wilmington
Net Operating Income113227
New ConstructionNo
Number Of Units Total12
PostalCityWILMINGTON
Property Attached Y/NYes
Property TypeResidential Income
Rent Control Y/NYes
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories Count2
Year Built1958
ZoningLAR3

Exterior for 1001 & 1005 W G Street

Building Area Total8182
Lot Size Acres0.2143
Lot Size Area9336
Lot Size SourceAssessor
Number of Buildings2
Parking FeaturesControlled Entrance
Total Parking12

Additional Details

Price History

Schools

High School Hubert H Humphrey Middle School
Middle School N/A
Elementary School Big Hollow Elementary School

Connect Realty

Price $2,050,000
MLS#26646247
List Date 02/02/2026
Property Type Multi-Family
Phone 888.795.6274
Get pre-approved
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Request Info
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