$550,000
$679,000
19.0%For more information regarding the value of a property, please contact us for a free consultation.
424 Island Avenue Wilmington, CA 90744
4 Beds
4 Baths
Key Details
Sold Price $550,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SB25145499
Sold Date 09/08/25
Bedrooms 4
Property Sub-Type Res Income 2-4 Units
Property Description
Charming Multi-Unit Property with Tremendous Potential 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, theres plenty of room to add additional units, maximizing rental income potential. Additional Information: This property is being sold alongside its sister building, located at 414 Island SB25145484, 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. Dont miss out on this rare gemideal for both seasoned and first-time investors. Schedule your viewing today!
Location
State CA
County Los Angeles
Zoning Assessor
Direction Island & D St
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 1
Level or Stories 1
Others
Tax ID 7418016014
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Bought with Ruth Bonilla Century 21 Jervis & Associates

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