424 Island Avenue

Wilmington, CA 90744

  • 0 Bed(s)
  • 0 Bath(s)
  • 2,145 Sqft
  • 7512
    Sqft(Lot)
$679,000

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, 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 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. don’t miss out on this rare gem—ideal for both seasoned and first-time investors. schedule your viewing today!

  • Property Type

    Residential Income

  • County

    Los Angeles

  • Style

    Residential Income

  • AD ID

    50300538

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Property Details

  • Water/Sewer

    • Water Source : Public
    • Sewer : Public Sewer

    Interior Features

    • Fireplace: None
    • Flooring: Carpet,Laminate

    Cooling Features

    • None
    • Air Conditioning

    Heating Source

    • Wall Furnace
    • Has Heating

    Fireplace

    • Fireplace Features: None
    • Has Fireplace: 0

  • Building Information

    • Year Built: 1954
    • Building Area Total: 2,145

    Pool Features

    • None

    Laundry Features

    • Common Area

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.1725
    • Lot Size Source: Assessor
    • Lot Size Square Feet: 7512

  • Listing Price Information

    • Original List Price: 679,000
    • Listing Contract Date: 2025-06-27

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 7418016014

  • Garage and Parking

    • Garage Description: Garage

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable
    • Tenant Pays: Electricity,Gas

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: 196 - East Wilmington
    • Postal Code Plus 4: 5612
    • Directions: Island & D St
    • Zoning: LARD1.5
    • Source Property Type: Residential Income
    • Area: 196 - East Wilmington
    • Property SubType: Quadruplex

    Building and Construction

    • Property Age: 71
    • Common Walls: 2+ Common Walls
    • Property Condition: Updated/Remodeled
    • Structure Type: Quadruplex
    • Year Built Source: Assessor
    • Entry Level: 1
    • Entry Location: Front
    • Property Attached: Yes
    • Levels or Stories: One
    • Building Total Stories: 1
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BuyOwner last updated this listing 06/30/2025 @ 10:10

  • MLS: SB25145499
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 0 bedrooms which is for sale, it has 2,145 sqft, 7,512 sized lot, and 4 parking. are nearby neighborhoods.