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Property Description
Price just reduced $145,000! We are pleased to present our latest investment opportunity: 1001 & 1005 West G Street. Located in the heart of Wilmington, this twelve unit property offers an attractive unit mix of ten spacious two bedroom units and two well proportioned one bedroom units. As an investment, this is a genuine value add opportunity. The units are clean,functional, and currently rented at solid levels, yet they lack the contemporary finishes that drive premium rents in the area. This creates a compelling 53% rental upside for a new owner to capture through strategic improvements, organic unit turns, targeted rent increases, or even potential cash for keys agreements. The property has benefited from years of professional, detail oriented management, with a strong emphasis on long term building health. Several major capital improvements have already been completed, significantly reducing near term maintenance exposure: The entire electrical infrastructure has been modernized from top to bottom, enhancing safety, improving reliability, and reducing future capital risk. Each unit is separately metered with individual water heaters, improving NOI and simplifying operations. There is secure, Gated Parking Controlled access and improved lighting enhance tenant satisfaction and retention. Beyond the physical asset, the economic fundamentals of the immediate area are exceptionally strong. Wilmington sits adjacent to the Port of Los Angeles and Port of Long Beach, which together form the largest container port complex in North America. This port system is not only a global logistics hub it is also the largest employment engine in the region, supporting nearly 230,000 jobs locally and more than 3 million jobs nationwide. These ports handle over 16 million TEUs annually, underscoring their scale and long term economic relevance. This concentration of port driven employment creates a stable, blue collar tenant base with consistent housing demand. The broader Los Angeles/Long Beach metro area also maintains a labor force of over 5 million workers, with more than 4.7 million employed as of the latest data. This deep and diverse employment pool further reinforces the reliability of rental demand in Wilmington. With a Walk Score of 86, the property offers excellent access to nearby retail, entertainment, and transit options - a strong complement to the steady employment base generated by the ports and surrounding industrial corridor. For investors seeking a building with clear, actionable upside, strong in place capital improvements, and proximity to one of the most economically resilient employment centers in the country, 1001 & 1005 West G Street is a standout opportunity.
Full Property Details
Full Property Details for 1001 W G St
General
- Price: $2,050,000
- Status: Active
- Type: Multi-Family
- Source: CLAW
- MLS ID: 26646247
- Updated: 2/20/2026
- Added to Site: 61 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 12
Bedrooms
- Total Bedrooms: 22
Additional Information
- Other Features: None
Parking
- Garage Description: Controlled Entrance
Location
- Area: West Wilmington
- County: Los Angeles
- Driving Directions: Near cross streets of Wilmington Blvd and West G Street
Heating & Cooling
- Cooling Type: None
- Heating Type: Forced Air
Structural Information
- # Buildings: 2
- Common Walls: Attached
- Stories/Levels: 2
- Square Feet: 8,182
- Sq. Ft. Source: Assessor
- Year Built: 1958
- Year Built Source: Vendor Enhanced
Unit Information
- Units in Complex: 12
- Unit Type: 2106, 2107
Unit 1
- Total Bathrooms: 1
- Bedrooms: 2
Unit 2
- Total Bathrooms: 1
- Bedrooms: 1
Additional Structures
- Other Structures: None
Lot Features
- Lot Size: 9336
- Lot Size Source: Assessor
- Zoning: LAR3
Financial Considerations
- Price Per Sq. Ft.: $250.55
- Assessment Year: 1958
Disclosures and Reports
- Disclosures/Reports: None
- APN: 7416-012-017
Listed by Keller Williams Realty, Joshua Cohen
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Schools
Schools serving 1001 W G St
School District:Los Angeles Unified School District
| Name | Grades | Distance |
|---|---|---|
Hawaiian Avenue Elementary School 540 Hawaiian Ave., Los Angeles, CA 90744 | K-5 | 0.2 mi |
Wilmington Mid Sci Tech Engr Arts Math (STEAM) Magnet 1700 Gulf Ave., Los Angeles, CA 90744 | 6-8 | 1.4 mi |
Phineas Banning Senior High School 1527 Lakme Ave., Los Angeles, CA 90744 | 9-12 | 1.4 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1001 W G St
Date
Details
Price
Change
Source
2/20/2026
Price Reduced
$2,050,000
-6.61%
MLS
2/02/2026
Listed
$2,195,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 1001 W G St
Year
Property Taxes
Change
Tax Assessment
Change
2024
$2,569
1%
$111,238
3%
2023
$2,543
3%
$107,821
2%
2022
$2,474
2%
$105,726
2%
2021
$2,428
—
$103,671
1%
2020
$2,436
2%
$102,618
3%
2019
$2,386
4%
$99,724
2%
2018
$2,290
3%
$97,769
2%
2017
$2,216
4%
$95,853
2%
2016
$2,140
1%
$93,974
2%
2015
$2,123
-2%
$92,564
2%
2014
$2,170
—
$90,751
—
2013
$2,160
—
$90,342
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1001 W G St
1001 W G St, Wilmington, CA 90744 (MLS# 26646247) is a Multi-Family property with units containing 22 bedrooms and 0 full bathrooms. 1001 W G St is currently listed for $2,050,000 and was received on February 02, 2026. Want to learn more about 1001 W G St? Do you have questions about finding other Multi-Family real estate for sale in Wilmington? You can browse all Wilmington real estate or contact a Coldwell Banker agent to request more information.

