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 Details
Price:
$679,000
MLS #:
SB25145499
Status:
Active Under Contract
Baths:
0
Address:
424 Island Avenue
Type:
Residential Income
Subtype:
Quadruplex
Neighborhood:
196eastwilmington
City:
Wilmington
Listed Date:
Jun 27, 2025
State:
CA
ZIP:
90744
Lot Size:
7,512 sqft / 0.17 acres (approx)
Year Built:
1954
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Schools
Interior
Cooling
None
Fireplace Features
None
Flooring
Carpet, Laminate
Heating
Wall Furnace
Exterior
Community Features
Curbs
Garage Spaces
4.00
Lot Features
0-1 Unit/ Acre
Parking Features
Garage
Parking Spots
4.00
Pool Features
None
Sewer
Public Sewer
Spa Features
None
Stories Total
1
View
None
Water Source
Public
Financial
Association Fee
0.00
Tenant Pays
Electricity, Gas
Utilities
Electricity Connected, Natural Gas Connected
Map
Community
- Address424 Island Avenue Wilmington CA
- Area196 – East Wilmington
- CityWilmington
- CountyLos Angeles
- Zip Code90744
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424 Island Avenue
Wilmington, CA
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