1207 Bay View Ave — Sale in Los Angeles, CA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Los Angeles, CA 90744

Investment Figures

Cap rate
1.03%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to present to market 1207 Bay View Avenue in Wilmington, California. This asset consists of two two-bed/one-bath single-family homes on one lot that also offers surface parking. The homes average over 800 square feet and offer tenants the feeling of single-family home living without single-family home pricing, driving rental demand. Both units are currently rented at less than half of market rates, making this offering an excellent value-add opportunity. Wilmington continues to be a desirable rental market due to its proximity to the Ports of Los Angeles and Long Beach, major employment hubs, and convenient access to the 110 and 710 freeways. The area benefits from strong and consistent rental demand driven by port-related industries, logistics, healthcare, and ongoing neighborhood revitalization efforts. With limited housing supply and continued investment in the surrounding community, Wilmington remains well-positioned for long-term rental growth, making this property a solid addition to any residential income portfolio. 1207 Bay View Avenue is offered as part of a Wilmington portfolio sale along with 1144 Blinn Avenue, a 12-unit apartment complex, and 703 West L Street, a triplex. Properties available separately or together. Investment Highlights: • Great opportunity to acquire two two-bed/one-bath homes on one lot • Floor plans average over 800 square feet • Property also features on-site parking in the rear • Current rents are less than half of market rate: excellent value-add opportunity • Offered as part of a Wilmington portfolio sale along with 1144 Blinn Avenue, a 12-unit apartment complex, and 703 West L Street, a triplex. Properties available separately or together.

Market Context

This multifamily in Los Angeles, CA is listed for sale. It is offered at an approximate 1.0% capitalization rate, a key benchmark for income-producing multifamily assets. It has been on the market for 100 days. Compare it against other multifamily listings for sale in Los Angeles, CA — view the full market.

As of Q1 2026, the Greater Los Angeles multifamily market showed average asking rents near $2333.00/unit/mo, and cap rates around 5.0%. Source: multiple brokerage reports, Q1 2026.

Its 1.0% asking cap rate is below the Greater Los Angeles multifamily market average of about 5.0%, reflecting premium pricing relative to comparable assets.

Multifamily market FAQ

What is the typical cap rate for multifamily in Greater Los Angeles?
About 5.0% as of Q1 2026, per multiple brokerage reports.

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