823 Lagoon
Wilmington, CA, 90744 $ 1,650,000
Baths1.0 Sq 5,301 Monthly Estimate*
$ 10,159
Studio for $1,650,000 with 1 full bath. This 5,301 square foot home was built in 1965 on a lot size of 0.1725.
Sapphire Crest is a fully renovated seven-unit multifamily property located at 823 Lagoon Avenue in Wilmington, California. The two-story, garden-style building encompasses approximately ±5,301 square feet on a ±7,512 square-foot LARD1.5-zoned lot. Originally constructed in 1965, the property underwent a comprehensive renovation in 2023, including remodeled interiors, a new roof, new windows, drought-tolerant landscaping, and a freshly painted exterior. In May 2024, all electrical subpanels were replaced, enhancing overall system functionality and building condition. The apartment units feature modern finishes, updated kitchens and bathrooms, new flooring, wall-mounted air conditioning, and ample cabinet and storage space. The property is separately metered for gas and electricity and includes on-site laundry facilities and garage parking for seven vehicles. Architectural drawings have been completed for a potential approximately ±760 square-foot two-bedroom, two-bath accessory dwelling unit (ADU), subject to buyer verification and applicable approvals. Sapphire Crest is located within an established residential pocket of Wilmington in Los Angeles County, offering convenient access to surrounding employment areas, coastal communities, and regional transportation corridors. The property is in proximity to Long Beach, San Pedro, Carson, Torrance, and Lakewood. The location provides efficient access to the 110 and 1 Freeways, supporting connectivity throughout the South Bay and greater Los Angeles region. Long Beach Harbor and the Queen Mary are approximately a 15-minute drive. Nearby institutions such as Los Angeles Harbor College and Ken Malloy Harbor Regional Park contribute to the area’s residential character and community amenities. The immediate area offers walkable and bike-friendly access to nearby retail, dining, and everyday services. The combination of residential setting, access to transportation routes, and proximity to regional destinations supports continued residential use within this coastal submarket.
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FeaturesGeneralSewer Public Sewer
Garage Spaces 7
Pool Features None
Year Built 1965
Stories Count 2
Levels Two
Property Subtype Apartment
Gross Income 177648
Community Features Golf Water Sports
County Los Angeles
Net Operating Income 112797
Operating Expense 59522
Insurance Expense 0
New Construction false
Property Type Residential Income
Garage Y/N true
Special Listing Conditions Standard
Status Active
Directions 823 Lagoon Avenue Wilmington CA 90744
City Wilmington
Entry Location 1
Senior Community Y/N false
Number Of Units Total 7
MLS Area 195 - West Wilmington
Lot Size Units Square Feet
Lot Size Square Feet 7512
Listing Terms Cash Cash to New Loan Conventional Contract
Property Attached Y/N true
Land Lease Y/N false
Electric Expense 0
Fuel Expense 0
Trash Expense 0
Water Sewer Expense 0
Additional Parcels Y/N false
Rent Control Y/N true
Virtual Tour https://my.matterport.com/show/?m=QfroKnJYsat&brand=0 https://youtu.be/kwt-A7JqsW4
Building Area Units Square Feet
Standard Status Active
Year Built Source Public Records
Tax Lot 10
Property Sub Type Additional Apartment
Cap Rate 6.84
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InteriorTotal Stories 2
Common Walls 2+ Common Walls
Laundry Features Common Area
Entry Level 1
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ExteriorWater Source Public
Total Parking 7
Lot Size Area 7512
Number of Buildings 1
Building Area Total 5301
Lot Size Acres 0.1725
Private Pool false
Lot Size Source Public Records
Number of Separate Water Meters 0
Number of Separate Gas Meters 7
Number of Separate Electric Meters 7
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* Excluded FeaturesAffordability Calculator
- Monthly Principal & Interest
- $10,159
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Wilmington, CA
Average List Price $976,114
Percent of Sale Price 41%
About Wilmington, CA 54,295 Population
4% Since 2002
$ 43,549 Median Income
31.8 Median Age
44% Households with Children
Trends Information provided by ATTOM Data Solutions.
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 1/30/2026 | $1,650,000 | | Listed Price |