1236 N Wilmington Blvd
Turnkey mixed-use investment at 1236 N Wilmington Boulevard, Wilmington, California, offered at $1,289,000 with a 7.9% cap rate ($101,831 NOI). The 13,343 SF property on a 0.31-acre LAC1.5 lot combines stabilized residential and commercial income with an immediate value-add opportunity: 945 SF of vacant retail space ready for lease-up on flexible terms.
Built in 1947 and renovated in 2024, the asset features 5,220 SF of improved space generating strong existing cash flow. The vacant 945 SF commercial unit is suitable for retail, office, or service uses (subject to approval) with negotiable lease rates, flexible terms, and tenant improvement allowance available for qualified tenants. Lease structure can be configured as Modified Gross or NNN, with utilities separately metered or allocated. The space offers excellent visibility and signage opportunities, including a billboard opportunity subject to approval.
The property sits in a dense, transit-accessible corridor with nearby airport and bus line access. The zoning designation (LAC1.5 – Restricted Density Multiple Dwelling) supports significant density upside; buyers may explore adding ADUs or redevelopment to approximately 33 units, subject to verification and entitlements.
- 7.9% cap rate with stabilized residential and commercial income
- 945 SF vacant retail space ready for lease-up with negotiable terms
- Recently renovated (2024); turnkey condition
- Significant density upside: potential for ADUs and redevelopment to ~33 units
- Transit-accessible location with airport and bus line proximity
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Features & amenities
Location
Approximately 945 RSF of space is available with a negotiable lease rate and flexible term options. The property is suitable for retail, office, or service uses, subject to approval, with possession available upon lease execution. The space is designed to accommodate a single-tenant configuration. Tenant improvements are negotiable, with a TI allowance available for qualified tenants. Lease structure may be offered as Modified Gross or NNN, to be determined, with utilities either separately metered or allocated. The property offers excellent visibility and signage opportunities, including a billboard opportunity, subject to approval
- Turnkey Mixed-Use Investment on a Large 13,343 SF LAC1.5 TOC Tier 2 Lots
- Immediate Value-Add Opportunity with Vacant 945 Sq.Ft. Commercial Space Ready for Lease-Up.
- Strong Existing Cash Flow from Stabilized Residential & Established Commercial Tenant/ Nearly 8% CAP rate
- Significant Density Upside: Add ADUs + Redevelop to ~33 Units (Buyer to Verify)