# @raymiramontes_realestate on Instagram

- **Type:** Video
- **Original URL:** https://www.instagram.com/p/DeVidSaEY7H
- **Gondola URL:** https://gondola.cc/posts/71612502-raymiramontes-realestate-instagram
- **Thumbnail:** https://img.gondola.cc/tr:w-,h-,fo-auto/postThumbnails/95f63a3586.jpg
- **Posted:** 2026-10-11T02:02:08.000+00:00
- **Account Owner:** Ray Miramontes | CA Realtor (@raymiramontes_realestate) — https://gondola.cc/raymiramontes_realestate

## Caption

What does $1.58M buy an investor in Wilmington? 👀

How about 10 fully leased units producing $103,000 in NOI.

This property has a mix of 6 studios and 4 one-bedroom units with:

💰 $1.58M asking price
📊 6.5% Cap Rate
📈 9.7 GRM
💵 $161K scheduled gross income
💵 $103K net operating income
🏢 10/10 units currently leased

Plus, the property has updated plumbing, some electrical improvements and easy access to San Pedro, Long Beach and the 110 freeway.

If you're looking to add a multifamily income property to your portfolio, this is one worth running the numbers on.

📲 Call or text Ray Miramontes at 562-600-9793 for the address, financials & full property details.

Ray Miramontes | The Mira Group
Circle Real Estate | DRE #01931740

#MultifamilyRealEstate #WilmingtonRealEstate #ApartmentBuilding #RealEstateInvesting #CashFlowProperty #IncomeProperty #LosAngelesInvesting #SoCalRealEstate

## Stats

- **Views:** 1,388
- **Likes:** 15
- **Shares:** 0
- **Comments:** 1

## Tags

01931740, losangelesinvesting, multifamilyrealestate, socalrealestate, apartmentbuilding, incomeproperty, cashflowproperty, realestateinvesting, wilmingtonrealestate

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