$1,595,000
-$55,000823 Lagoon, Wilmington CA 90744
Multi-Family (7 Units)
Property type
126 days
On market
$301
Price per sqft
7 cars
Garage
1965
Year built
7,512 sqft
Lot size
Home highlights
Open Houses
Overview
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...
Listing provided by: Raymond Rodriguez DRE #01402283 866-582-7865, Equity Union
Listing updated: Apr 16, 2026 at 06:14pm.
Last checked: Jun 4, 2026 at 09:01pm
Source: CRMLS #SR26022311
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 4 | 1 | 1 | 1 | $1,899 | $7,597 | $1,950 | Unfurnished |
| 1 | 2 | 1 | 1 | $2,300 | $2,300 | $2,350 | Unfurnished |
| 2 | 2 | 2 | 1 | $2,350 | $4,700 | $2,450 | Unfurnished |
# of Buildings: 1
# of Units Total: 7
Separate Electric Meters: 7
Separate Gas Meters: 7
Separate Water Meters: 0
Rent Control: Yes
Financial Snapshot
Gross Rent Multiplier
9.0x
List Price / Annual Gross Rent
Cap Rate
7.1%
NOI / List Price
Gross Scheduled Income: $177,648
Operating Expense: $59,028
Net Operating Income: $113,291
Annual Operating Expenses
Electric: $0
Fuel: $0
Insurance: $0
Professional Management: $0
Trash: $0
Water / Sewer: $0
Interior
Laundry: Common Area
Entry Location: 1
Exterior
Property Attached: Yes
Stories Total: 2
Levels: Two
Common Walls: Two Common Walls Or More
Pool: None
Water Source: Public
Sewer: Public Sewer
Garage and Parking
Parking: Garage
Garage Spaces: 7
Parking Total: 7
Lot Information
Land Lease: No
Common Interest: CommunityApartment
Parcel #: 7416025027
Additional Parcels: No
Tax Lot: 10
Tax Block: B
Community
Senior Community: No
Community Features: Golf, Water Sports
Nearby Schools
Nearby schools around the 823 Lagoon, Wilmington, CA 90744. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$1,276,000
Total Interest
$1,627,468
Total Payment
$2,903,468
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$9,877
per month
Property History for 823 Lagoon
Wilmington Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 90744.
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