126 Anaheim StWilmington, CA 90744

Property Details for 126 Anaheim St

Year built

1922

Construction

TILT-UP CONCRETE

Lot size

0.14 AC

Property size (Sq ft)

8,444 SF

Zone code

LAC2

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

7423-002-012

APU

7423002012

Description

This exceptional Wilmington investment opportunity encompasses two parcels totaling 13,124 square feet on a 0.27-acre lot. The property boasts a highly desirable corner location with convenient access via a private alley, ensuring excellent visibility and accessibility for businesses and residents alike. Parcel one is a mixed-use building, combining ground-floor commercial space with sixteen one-bedroom, single-occupancy-lodging (SLO) units situated on the upper floors. This provides a unique blend of income streams and potential for future development. Parcel two is a dedicated retail space complete with ample parking, accessible both from the street and the private alley. Both parcels are situated within a C2-2D-O-CUGU zoned area, offering considerable flexibility for a variety of uses and future development projects. The strategic location and versatile zoning make this property an attractive proposition for investors and developers seeking to capitalize on Wilmington's expanding market. The combined parcels present a rare opportunity to acquire a substantial commercial and residential property in a prime location, offering significant potential for long-term growth and return on investment. The asking price for this unique offering is $1,800,000. The property includes Assessor's Parcel Numbers (APNs) 7423-002-012 and 7423-002-011.

• CAP approach

  CAP return

  Valuation

  6%

  $2,089,527

  6.5%

  $1,928,794

  7%

  $1,791,023

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,693,467

  Geo Method

  $2,693,467

• Alternative Use

  Use

  Valuation

  Residential

  $2,391,705

  Hospitality

  $2,190,788

  Educational

  $1,822,710

  Medical

  $1,885,396

  Retail

  $2,835,327

Location Insight

City

Wilmington

County

Los Angeles

State

California

Latitude

33.7798

Longitude

-118.261

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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