823 Lagoon Ave Wilmington, CA 90744
Estimated payment $10,057/month
Total Views
9,305
5
Beds
4
Baths
5,301
Sq Ft
$311
Price per Sq Ft
About This Home
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.
Listing Agent
Equity Union Brokerage Phone: 818-581-5829 License #01402283 Listed on: 01/30/2026
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1965
Lot Details
- 7,512 Sq Ft Lot
- Two or More Common Walls
Parking
- 7 Car Garage
Home Design
- Apartment
- Entry on the 1st floor
Interior Spaces
- 5,301 Sq Ft Home
- 2-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 5 Bedrooms
- 4 Bathrooms
Listing and Financial Details
- Legal Lot and Block 10 / B
- Assessor Parcel Number 7416025027
- Seller Considering Concessions
Community Details
Recreation
- Golf Course Community
- Water Sports
Building Details
- Rent Control
- 7 Separate Electric Meters
- 7 Separate Gas Meters
- Operating Expense $60,092
- Gross Income $177,648
- Net Operating Income $112,226
Additional Features
- 7 Units
- Laundry Facilities
Matterport 3D Tour
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $15,603 | $1,581,000 | $918,000 | $663,000 |
| 2024 | $15,603 | $1,203,600 | $816,000 | $387,600 |
| 2023 | $15,316 | $1,180,000 | $800,000 | $380,000 |
| 2022 | $10,295 | $784,347 | $577,577 | $206,770 |
| 2021 | $10,150 | $768,968 | $566,252 | $202,716 |
| 2019 | $9,869 | $747,561 | $549,457 | $198,104 |
| 2018 | $9,716 | $732,932 | $538,684 | $194,248 |
| 2016 | $9,219 | $703,127 | $517,767 | $185,360 |
| 2015 | $9,104 | $692,566 | $509,990 | $182,576 |
| 2014 | $7,015 | $501,675 | $63,693 | $437,982 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 01/30/2026 01/30/26 | For Sale | $1,650,000 | +37.5% | $311 / Sq Ft | |
| 10/27/2022 10/27/22 | Sold | $1,200,000 | -4.8% | $226 / Sq Ft | View Prior Sale |
| 09/12/2022 09/12/22 | Pending | -- | -- | -- | |
| 08/31/2022 08/31/22 | For Sale | $1,260,000 | +85.6% | $238 / Sq Ft | |
| 06/10/2014 06/10/14 | Sold | $679,000 | 0.0% | $128 / Sq Ft | View Prior Sale |
| 04/21/2014 04/21/14 | Pending | -- | -- | -- | |
| 02/11/2014 02/11/14 | For Sale | $679,000 | -- | $128 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
About the Listing Agent
Since 2003 Ray has specialized in providing investment real estate advisory and sales services to principals who value integrity, excellence, results, peace of mind, and success when selling, operating, and buying investment property in L.A. and Southern California.
Over the past two decades he has built many loyal client relationships by consistently understanding and delivering on their needs. Ray takes pride in actively listening and carefully crafting a tailored strategy for each
Raymond A.'s Other Listings
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SR26022311
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
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 broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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