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823 LagoonWilmington, CA 90744

For Sale

$1,595,000

Smart Buyer Rebate $15,950

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.

Listed by Raymond Rodriguez

·

License #01402283

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Equity Union

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818-581-5829

Last updated March 16, 2026

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Source: CRMLS #SR26022311

Listing Facts

  • TypeMulti-family
  • NeighborhoodWilmington
  • Days on Prevu45

Amenities

  • Parking

Location

Mortgage Calculator

Listing History

03/16/2026
Price Decreased
$1,595,000
01/30/2026
Listed by Equity Union
$1,650,000

Property Details for 823 Lagoon

Association

Amenities

  • Community Features: Golf, Water Sports

Exterior

Construction

  • Number Of Units Total: 7
  • Property Attached: Yes
  • Stories: 2
  • Stories Total: 2
  • Year Built: 1965
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Entry Location: 1

Measurements

  • Building Area Total: 5,301
  • Building Area Units: Square Feet
  • Lot Size Acres: 0.17
  • Lot Size Area: 7,512
  • Lot Size Source: Public Records
  • Lot Size Square Feet: 7,512
  • Lot Size Units: Square Feet

Financial

Residential Income

  • Cap Rate: 7.08
  • Gross Income: $177,648.00
  • Operating Expense: $59,405.00

Taxes

  • Parcel Number: 7416025027

Other

Location

  • Tax Block: B
  • Tax Lot: 10

Parking

Parking

  • Garage Spaces: 7
  • Garage: Yes
  • Parking Features: Garage
  • Parking Total: 7

Utilities

Equipment

  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Water Source: Public

Frequently Asked Questions

How many bedrooms does this multi-family home have?

There is bedrooms in this multi-family home at 823 Lagoon.

Does this multi-family home have parking?

Yes, there are 7 parking spaces available for 823 Lagoon.

How does 823 Lagoon compare to other multi-family homes in Wilmington?

This multi-family home is listed 68% above the average price for multi-family homes in Wilmington and has been on the market for 66 less days than the typical home in this area.

823 Lagoon is a -bedroom multi-family home for sale in Wilmington CA 90744. Listed on Prevu for 45 days at $1,595,000. This includes a recent price decrease of $55,000. This property is located in Wilmington. The median listing price for multi-family homes in this area is $650,000. Additional amenities include parking. View other multi-family home listings in Los Angeles.

Based on information from California Regional Multiple Listing Service, Inc. and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.