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 expand their portfolio.
Don’t miss out on this rare gem—ideal for both seasoned and first-time investors. Schedule your viewing today!
Under contract
Listing Provided by:
Alice Rodriguez DRE #01362049 310-738-2511,
Keller Williams Realty
$679,000
414 Island Ave, Wilmington, CA 90744
4beds
4baths
2,145sqft
Est.:
Quadruplex
Built in 1954
-- sqft lot
$681,300 Zestimate®
$317/sqft
$-- HOA
What's special
Updated wall heatersNewer roof
- 43 days
- on Zillow |
- 136 |
- 8 |
Zillow last checked: 7 hours ago
Listing updated: August 08, 2025 at 01:37pm
Listing Provided by:
Alice Rodriguez DRE #01362049 310-738-2511,
Keller Williams Realty
Source: CRMLS,MLS#: SB25145484
Originating MLS: California Regional MLS

Travel times
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
Rooms
- Room types: Kitchen, Living Room
Heating
- Wall Furnace
Cooling
- None
Appliances
- Laundry: Common Area
Features
- Flooring: Carpet, Laminate, Tile
- Has fireplace: No
- Fireplace features: None
- Common walls with other units/homes: 2+ Common Walls
Interior area
- Total structure area: 2,145
- Total interior livable area: 2,145 sqft
Video & virtual tour
Property
Parking
- Total spaces: 1
- Parking features: Door-Single, Garage
- Garage spaces: 1
Features
- Levels: One
- Stories: 1
- Entry location: Front
- Pool features: None
- Spa features: None
- Has view: Yes
- View description: None
Lot
- Size: 7,512 Square Feet
- Features: 0-1 Unit/Acre
Details
- Parcel number: 7418016016
- Zoning: LARD1.5
- Special conditions: Standard,Trust
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
- Attached to another structure: Yes
Condition
- New construction: No
- Year built: 1954
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Curbs
Location
- Region: Wilmington
Financial & listing details
- Price per square foot: $317/sqft
- Tax assessed value: $332,586
- Annual tax amount: $4,497
- Date on market: 6/28/2025
- Listing terms: Cash,Conventional
- Exclusions: Tenants personal property
- Total actual rent: 3088
- Tenant pays: Electricity, Gas
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