& 1005 W G ST Wilmington CA 90744 MLS #26646247

& 1005 W G ST
Wilmington, CA, 90744
$2,195,000
22 Beds
12 Baths
8,182 SqFt
0.21 Acres
$2,195,000
& 1005 W G ST
Wilmington, CA, 90744
MLS #26646247 image #0
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.

Property Details

Price:
$2,195,000
MLS #:
26646247
Status:
Active
Beds:
22
Baths:
12
Type:
Single Family
Neighborhood:
195westwilmington
Listed Date:
Feb 2, 2026
Finished Sq Ft:
8,182
Total Sq Ft:
8,182
Lot Size:
9,336 sqft / 0.21 acres (approx)
Year Built:
1958
195 – West Wilmington195westwilmington

Schools

Interior

Cooling
NO
Heating
FA

Exterior

Parking Spots
12

Financial

Gross Operating Income
$208,829
Net Operating Income
$111,487
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Get Out There, A Simply Outgoing Approach to Life. James Outland Jr. is one of those rare people who simply has an outgoing approach to life. No matter the activity… from dune buggy riding to skydiving to motorcycling to riding the local Pismo Beach waves… James Outland Jr. approaches life with a “just get out there and do it” kind of attitude. A zest for Life. James’ zest for life is obviously apparent in his many exciting hobbies. In his spare time, he loves riding dune buggies or hi…

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Current real estate data for Single Family in Wilmington as of Feb 13, 2026
43
Single Family Listed
58
Avg DOM
352
Avg $ / SqFt
$746,403
Avg List Price

Community

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Property Summary

    & 1005 W G ST Wilmington CA is a Single Family for sale in Wilmington, CA, 90744. It is listed for $2,195,000 and features 22 beds, 12 baths, and has approximately 8,182 square feet of living space, and was originally constructed in 1958. The current price per square foot is $268. The average price per square foot for Single Family listings in Wilmington is $352. The average listing price for Single Family in Wilmington is $746,403. To schedule a showing of MLS#26646247 at & 1005 W G ST in Wilmington, CA, contact your James Outland agent at 8057482262.
& 1005 W G ST
Wilmington, CA
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