This investment offering consists of 5 bungalow-style units in a courtyard style complex in a quiet residential neighborhood in Wilmington. It is a rare investment opportunity where investors can immediately benefit from positive cash flow with immediate upside as 4 units are due for the annual 3% rent increase and the other unit will be eligible for the annual increase in June of 2014. The property is well maintained with upgraded plumbing, 5 garages and 6 open parking spaces. There is a common area laundry room onsite. As units turn over, the below market rents present a significant upside of 40-60% rental income on most of the units.

This apartment complex located in a quiet residential neighborhood just South of Lomita Boulevard and West of Wilmington Boulevard. It is situated on a large corner lot at the northeast corner of Chandler & Frigate Avenue in a highly desirable rental pocket of Wilmington. Most of the properties in this neighborhood are single family residences.