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Amrit Shergill

amrit@gold-coastrealestate.com +1(619) 718-0941

$ 679,000

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424 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 SB25145499

Construction Status Updated/Remodeled

HOA Y/N No

Year Built 1954

Lot Size 7,514 Sqft

Property Sub-Type Quadruplex

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, 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!

Location

State CA

County Los Angeles

Area 196 - East Wilmington

Zoning LARD1.5

Interior

Heating Wall Furnace

Cooling None

Flooring Carpet, Laminate

Fireplaces Type None

Fireplace No

Laundry Common Area

Exterior

Parking Features Garage

Garage Spaces 4.0

Garage Description 4.0

Pool None

Community Features Curbs

Utilities Available Electricity Connected, Natural Gas Connected

View Y/N No

View None

Total Parking Spaces 4

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

Construction Status Updated/Remodeled

Others

Senior Community No

Tax ID 7418016014

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard, Trust

Lease Land No

Listed by Alice Rodriguez Keller Williams Realty 310-738-2511

Amrit Shergill

Agent | CA DRE#02043576

+1(619) 718-0941

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Amrit Shergill

424 Island AVE Wilmington, CA 90744

Key Details

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Interior

Exterior

Building

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424 Island AVE