414 Island AVE Wilmington, CA 90744
7,514 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB25145484
HOA Y/N No
Year Built 1954
Lot Size 7,514 Sqft
Property Sub-Type Quadruplex
Property Description
First Time on the Market Since 1993
This exceptional property is being offered for the first time in over three decades, lovingly maintained by the original owners. Nestled on a spacious 7,500+ square foot lot, this unique opportunity invites you to explore its potential for expansion, including the addition of extra units.
Key Features:
• Long-Term Tenants: Each unit is occupied by long-term residents who show pride in their homes and create a strong sense of community within the building.
• Unit Details: The property comprises well-maintained 1-bedroom, 1-bathroom units, ideal for tenants seeking comfortable and cozy living spaces.
• Upgrades: The property boasts a newer roof and updated wall heaters, reflecting the meticulous care and attention it has received over the years.
• Expansion Opportunity: With its expansive lot size of over 7,500 square feet, there's plenty of room to add additional units, maximizing rental income potential.
Additional Information:
This property is being sold alongside its sister building, located at 424 Island SB25145499, offering a rare chance to acquire two prime investments simultaneously. The seller is motivated, providing an excellent opportunity for investors or those looking to expand their portfolio.
Don't miss out on this rare gem—ideal for both seasoned and first-time investors. Schedule your viewing today!
Location
State CA
County Los Angeles
Area 196 - East Wilmington
Zoning LARD1.5
Interior
Heating Wall Furnace
Cooling None
Flooring Carpet, Laminate, Tile
Fireplaces Type None
Fireplace No
Laundry Common Area
Exterior
Parking Features Door-Single, Garage
Garage Spaces 1.0
Garage Description 1.0
Pool None
Community Features Curbs
View Y/N No
View None
Total Parking Spaces 1
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Story 1
Entry Level One
Sewer Public Sewer
Water Public
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 7418016016
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Standard, Trust
