Property Detail
Description
Well-maintained 10-unit courtyard-style apartment complex consisting of six studios and four one-bedroom units in two side-by-side buildings on an 8,192 SF lot. This charming gated property is located in a quiet residential neighborhood and one of Wilmingtons more desirable rental pockets. Offered at an attractive 9.7 GRM & 6.5% Cap Rate on CURRENT income, the property provides stable in-place cash flow with significant upside in rents. Additional Income Includes Capital Improvements Surcharge, Laundry, and Storage Income. >>The property has been meticulously maintained with ongoing upgrades, including copper plumbing and updated electrical. Units are separately metered for gas and electricity, the property offers on-site laundry, and tenants pay their own trash expenses, helping keep operating costs low. <
Map Location
Listing provided courtesy of Olga Wright of Lyon Stahl Investment Real Estate, Inc.. Last updated . Listing information © 2026 SANDICOR.
DRE#: 01358480
9915 Mira Mesa Blvd Ste 140 San Diego, CA 92131-7003
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