414 Island AVE new Save Request In-Person Tour Request Virtual Tour
Wilmington,CA 90744
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRSB25145484
Year Built 1954
Lot Size 7,512 Sqft
Property Sub-Type Fourplex
Source California Regional MLS
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 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
Location
State CA
County Los Angeles
Area 196 - East Wilmington
Interior
Heating Wall Furnace
Cooling None
Flooring Laminate
Laundry Community Facility
Exterior
Parking Features Garage
Garage Spaces 1.0
Pool 31,None
View None
Building
Story One Story
Water District - Public
Others
Tax ID 7418016016
Special Listing Condition Not Applicable