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Sold for $1,248,000 on 02/06/25
  • Listing Provided by: 

    Sophia De La Vara DRE #01127097 626-363-1111,

    Berkshire Hathaway HomeServices California Properties

    $1,248,000

    844 King Ave, Wilmington, CA 90744

    --beds
    --baths
    5,376sqft
    Mixed Use
    Built in 1960
    -- sqft lot
    $1,227,200 Zestimate®
    $232/sqft
    $-- Estimated rent

    What's special

    For the first time in over 20 years, this exceptional 8-unit property in Wilmington is available for sale! Situated on a generous 7,011-square-foot lot, the building comprises eight 2-bedroom, 1-bathroom units, each approximately 672 square feet, totaling 5,376 square feet of rentable living space. This property offers convenient community laundry facilities and an open parking lot for tenants, ensuring ample parking space. Fully occupied and generating consistent rental income, each tenant pays for their own gas and electricity, while the owner covers water and trash expenses. Properties of this caliber, especially with long-standing tenant occupancy, are rare in Wilmington’s competitive market. This is a prime investment opportunity that won’t last long!

    Zillow last checked: 7 hours ago

    Listing updated: February 10, 2025 at 02:15pm

    Listing Provided by:

    Sophia De La Vara DRE #01127097 626-363-1111,

    Berkshire Hathaway HomeServices California Properties

    Bought with:

    Sophia De La Vara, DRE #01127097

    Berkshire Hathaway HomeServices California Properties

    Source: CRMLS,MLS#: TR24226690MLS LogoOriginating MLS: California Regional MLS

    Facts & features

    Interior

    Heating
    • Wall Furnace
    Cooling
    • None
    Appliances
    • Laundry: Common Area, Laundry Room
    Features
    • Has fireplace: No
    • Fireplace features: None
    • Common walls with other units/homes: 2+ Common Walls
    Interior area
    • Total structure area: 5,376
    • Total interior livable area: 5,376 sqft

    Property

    Parking
    • Total spaces: 8
    • Parking features: None
    • Uncovered spaces: 8
    Features
    • Levels: Two
    • Stories: 2
    • Entry location: 1
    • Pool features: None
    • Spa features: None
    • Fencing: None
    • Has view: Yes
    • View description: None
    Lot
    • Size: 7,011 sqft
    • Features: 6-10 Units/Acre
    Details
    • Parcel number: 7416013001
    • Zoning: LAR1
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Mixed Use
    • Attached to another structure: Yes
    Materials
    • Stucco
    • Roof: Composition
    Condition
    • New construction: No
    • Year built: 1960

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

    Community & neighborhood

    Community
    • Community features: Curbs
    Location
    • Region: Wilmington

    HOA & financial

    Other financial information
    • Total actual rent: 10379

    Other

    Other facts
    • Listing terms: Cash,Cash to New Loan,Conventional
    • Road surface type: Paved
    Services availability
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    Estimated market value

    $1,227,200