Investment Overview

Marcus & Millichap is pleased to present to market 703 West L Street, a three-unit multifamily investment property in Wilmington, California. With current rents less than half of market rate and desirable single-story floor plans, this offering is an excellent value-add opportunity in a dense rental submarket. 703 West L Street consists of a two-bed/one-bath single-family home and a duplex with two-bed/one-bath units on a corner lot. The property also offers fenced yards, garage parking and tandem driveway parking spaces. Wilmington continues to be a desirable rental market for investors due to its proximity to the Ports of Los Angeles and Long Beach, major employment hubs, and convenient access to the 110 and 710 freeways. The area benefits from strong and consistent rental demand driven by port-related industries, logistics, healthcare, and ongoing neighborhood revitalization efforts. With limited housing supply and continued investment in the surrounding community, Wilmington remains well-positioned for long-term rental growth, making this property a solid addition to any multifamily portfolio. 703 West L Street is offered as part of a Wilmington portfolio sale along with 1207 Bay View Avenue, a duplex, and 1144 Blinn Avenue, a 12-unit apartment complex. Properties available separately or together.