Properties

Wilmington, CA 90744 823 Lagoon

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Presented By: Raymond Rodriguez with Equity Union; 818-581-5829
  • MLS# SR26022311
  • 01/30/2026
  • Get pre-approved
  • Request Tour
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  • Baths • 1
  • SQFT • 5,301
  • Garage • 7

Home Details

Sapphire Crest is a fully renovated seven-unit multifamily property located at 823 Lagoon Avenue in Wilmington, California. The two-story, garden-style building encompasses approximately ยฑ5,301 square feet on a ยฑ7,512 square-foot LARD1.5-zoned lot. Originally constructed in 1965, the property underwent a comprehensive renovation in 2023, including remodeled interiors, a new roof, new windows, drought-tolerant landscaping, and a freshly painted exterior. In May 2024, all electrical subpanels were replaced, enhancing overall system functionality and building condition. The apartment units feature modern finishes, updated kitchens and bathrooms, new flooring, wall-mounted air conditioning, and ample cabinet and storage space. The property is separately metered for gas and electricity and includes on-site laundry facilities and garage parking for seven vehicles. Architectural drawings have been completed for a potential approximately ยฑ760 square-foot two-bedroom, two-bath accessory dwelling unit (ADU), subject to buyer verification and applicable approvals. Sapphire Crest is located within an established residential pocket of Wilmington in Los Angeles County, offering convenient access to surrounding employment areas, coastal communities, and regional transportation corridors. The property is in proximity to Long Beach, San Pedro, Carson, Torrance, and Lakewood. The location provides efficient access to the 110 and 1 Freeways, supporting connectivity throughout the South Bay and greater Los Angeles region. Long Beach Harbor and the Queen Mary are approximately a 15-minute drive. Nearby institutions such as Los Angeles Harbor College and Ken Malloy Harbor Regional Park contribute to the areaโ€™s residential character and community amenities. The immediate area offers walkable and bike-friendly access to nearby retail, dining, and everyday services. The combination of residential setting, access to transportation routes, and proximity to regional destinations supports continued residential use within this coastal submarket.
Presented By: Raymond Rodriguez with Equity Union; 818-581-5829

Interior Features for 823 Lagoon

Other Interior Features

Common Walls2+ Common Walls
Laundry FeaturesCommon Area
Total Stories2

Other Rooms

Entry Level1

General for 823 Lagoon

Additional Parcels Y/NNo
Building Area UnitsSquare Feet
Cap Rate7.08
CityWilmington
Community FeaturesGolf, Water Sports
CountyLos Angeles
Directions823 Lagoon Avenue Wilmington, CA 90744
Electric Expense
Entry Location1
Fuel Expense
Garage Spaces7
Garage Y/NYes
Gross Income177648
Insurance Expense
Land Lease Y/NNo
LevelsTwo
Listing TermsCash, Cash to New Loan, Conventional, Contract
Lot Size Square Feet7512
Lot Size UnitsSquare Feet
MLS Area195 - West Wilmington
Net Operating Income112914
New ConstructionNo
Number Of Units Total7
Operating Expense59405
Pool FeaturesNone
PostalCityWILMINGTON
Property Attached Y/NYes
Property Sub Type AdditionalApartment
Property SubtypeApartment
Property TypeResidential Income
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublic Sewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories Count2
Tax Lot10
Trash Expense0
Virtual TourClick here
Virtual TourClick here
Water Sewer Expense0
Year Built1965
Year Built SourcePublic Records

Exterior for 823 Lagoon

Building Area Total5301
Lot Size Acres0.1725
Lot Size Area7512
Lot Size SourcePublic Records
Number of Buildings1
Number of Separate Electric Meters7
Number of Separate Gas Meters7
Number of Separate Water Meters0
Parking FeaturesGarage
Private PoolNo
Total Parking7
Water SourcePublic

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 $1,595,000
MLS#SR26022311
List Date 01/30/2026
Property Type Multi-Family
Phone 888.795.6274
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