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!
Sold for $550,000 on 09/08/25
Listing Provided by:
Alice Rodriguez DRE #01362049 310-738-2511,
Keller Williams Realty
Bought with: Century 21 Jervis & Associates
$550,000
424 Island Ave, Wilmington, CA 90744
4beds
4baths
2,145sqft
Quadruplex
Built in 1954
-- sqft lot
$548,200 Zestimate®
$256/sqft
$3,323 Estimated rent
Owner options
What's special
Zillow last checked: 7 hours ago
Listing updated: September 08, 2025 at 09:00pm
Listing Provided by:
Alice Rodriguez DRE #01362049 310-738-2511,
Keller Williams Realty
Bought with:
Ruth Bonilla, DRE #01066238
Century 21 Jervis & Associates
Source: CRMLS,MLS#: SB25145499
Originating MLS: California Regional MLS
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
Heating
- Wall Furnace
Cooling
- None
Appliances
- Laundry: Common Area
Features
- Flooring: Carpet, Laminate
- 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
Property
Parking
- Total spaces: 4
- Parking features: Garage
- Garage spaces: 4
Features
- Levels: One
- Stories: 1
- Entry location: Front
- Pool features: None
- Spa features: None
- Has view: Yes
- View description: None
Lot
- Size: 7,512 sqft
- Features: 0-1 Unit/Acre
Details
- Parcel number: 7418016014
- Zoning: LARD1.5
- Special conditions: Standard,Trust
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
- Attached to another structure: Yes
Condition
- Updated/Remodeled
- New construction: No
- Year built: 1954
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected, Natural Gas Connected
Community & neighborhood
Community
- Community features: Curbs
Location
- Region: Wilmington
Other
Other facts
- Listing terms: Cash,Conventional
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Estimated market value
$548,200