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!
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
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#: TR24226690
Originating 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