Opening page…
Closed
- Listed price
- $2,169,000
- Listed Jan 11, 2022
- Sold price
- $2,100,000
- Sold Apr 27, 2022
6,802 sqft lot|1924 Built|57 MLS days on market
916 Watson Ave, Wilmington, CA 90744
Property Description
14 Units located near the port of Los Angeles, 916 Watson Ave is partially remodeled with plenty of upside for an investor looking to increase the value. This cash flowing apartment building is located in the 90744 zip code near the new Harbor redevelopment project and is offered at only $154k per unit. The property is currently operating at an above market cap rate of 4.87% and 12.81 GRM. 916 Watson Ave is the ideal opportunity for any investor looking for strong cash flow with room to grow the monthly income by over 20%. An ideal unit mix for the 2022 renter as it consists of (4) 1-Bed/1-Bath and (10) Studio/1-Bath units. Some units have been remodeled, including new floors, cabinets and windows. The property sits on a 6,802 SqFt lot and has 4,620 SqFt of rentable space. With the Harbor development project, the draw from the port of Los Angeles, and being located in one of the most densely populated markets in the county, 916 Watson is ideally positioned for long term upside and is a great purchase for current cash-flow.
Listing agent: Cameron SamimiDRE #02035763teamsamimi@lyonstahl.com, Listing office: Lyon Stahl Investment Real Estate, Inc.
MLS data updated 11/1/2026, 3:33:46 AM PT
Source: CRMLSMLS #: SB22005862
Belmont insights
Price & property history
Compare recorded home prices, same-type ZIP sales and mortgage rates.
Last recorded sale$2,100,000
Apr 27, 2022
Available records32022
From MLS recordsActual listing and closing events
Prices use the left axis; mortgage rates use the right. Hover, tap, or focus the chart and use the arrow keys. Red SOLD badges mark recorded sales.
This home · nearest recorded event
$2,100,000Closed sale · Apr 27, 2022ZIP 90744 · Apr 2022
No monthly averageAt least 3 eligible sales in this month are required.30-year fixed mortgage benchmark
No weekly rateNo published rate within 7 days of this date.This home · 3 price recordsJan 11, 2022 – Apr 27, 2022
ZIP 90744 · same property typeThis MLS property type has no exact comparison group.
Freddie Mac · national weekly ratesLoading mortgage-rate history…
Recorded sales in this period (1)
ZIP averages use publicly displayable closed sales from our licensed MLS feed, matched to the same ZIP and exact property type. Months with fewer than 3 sales are omitted; the current month is incomplete. Lines connect available monthly observations across gaps and do not represent measured prices in missing months. These averages are not adjusted for size, condition, or location within the ZIP, and are not an appraisal. Feed coverage may not include every sale. All available shows the available home and ZIP history, with mortgage rates over the same dates.
Mortgage benchmark: Freddie Mac Primary Mortgage Market Survey®. © Freddie Mac. Weekly national 30-year fixed rates, not APRs or a loan quote. Actual terms vary. Methodology changed in November 2022. The chart does not establish that interest-rate changes caused a home’s price changes.
Lines connect recorded asking and sale prices. They are visual guides, not estimates of the home’s value between those dates.
View listing & sale records
No earlier records were returned by our current sources. This does not mean the home has never sold.
MLS records may be incomplete. Earlier asking prices are not sale prices.