About 324 W Opp
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 Wilmington’s 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.
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Features of 324 W Opp
| MLS® # | SB26207407 |
|---|---|
| Price | $1,580,000 |
| Bedrooms | 4 |
| Bathrooms | 10.00 |
| Acres | 0.19 |
| Year Built | 1923 |
| Type | Residential Income |
| Sub-Type | Apartment |
| Status | Active |
Community Information
| Address | 324 W Opp |
|---|---|
| Area | 195 - West Wilmington |
| City | Wilmington |
| County | Los Angeles |
| Zip Code | 90744 |
Amenities
| Is Waterfront | No |
|---|---|
| Has Pool | No |
| Pool | None |
Interior
| Has Basement | No |
|---|---|
| Fireplace | No |
| # of Stories | 1 |
| Stories | One |
Exterior
| Lot Description | Walkstreet |
|---|
Additional Information
| Date Listed | September 22nd, 2026 |
|---|---|
| Days on Market | 14 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Olga Wright |
|---|---|
| Office | Lyon Stahl Investment Real Estate, Inc. |