Samimi CRE Advisors
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    Closed Case Study

    902 Island Avenue Unit 4, Wilmington, CA

    902 Island Ave, Wilmington — Multifamily Sold $880,000

    902 Island Avenue Unit 4, WilmingtonClosed July 2026Represented Buyer Representation
    902 Island Avenue Unit 4 — closed by Cameron Samimi

    Price

    $880,000

    Units

    —

    $/Unit

    —

    Type

    other

    Deal summary

    902 Island Avenue Unit 4, Wilmington, CA is a other property that sold for $880,000 in July 2026. Cameron Samimi of Samimi CRE Advisors represented the Buyer Representation in the transaction.

    The Challenge

    My client, Devin Cabrera, wanted to acquire a well-located Wilmington asset at a basis that still worked in a higher-rate environment. Product in this pocket of the Harbor submarket trades thinly, and the few 2,000–3,000 SF opportunities that surface rarely make it to a broad market.

    What We Did

    Alongside Boris Almengor at Lyon Stahl, I sourced the 2,936 SF property at 902 Island Avenue Unit 4 and underwrote it against recent Harbor-area comps to establish a defensible price per square foot. We negotiated directly with sellers Teresa Parra and Sitaram Vamanrav and structured terms that kept the deal together through diligence.

    The Result

    The transaction closed on July 17, 2026 at $880,000 — roughly $299 per square foot — with my client acquiring the asset on terms that fit their long-term hold strategy in the Harbor submarket.

    Verified coverage

    This closing was reported by Traded (July 2026).

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