1046 N Banning Boulevard, Wilmington, California 90744, Wilmington, 90744 - bed, bath
ACTIVE$1,299,900
1046 N Banning Boulevard, Wilmington, California 90744
0Bed
0Bath
2,160Sqft
4,518Lot
Year Built
1922
Close
-
List price
$1.3M
Original List price
$1.3M
Price/Sqft
$602
HOA
-
Days on market
-
Sold On
-
MLS number
SB25131645
Home ConditionExcellent
Features
Patio
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $1.30M(92th), sqft - 2160(67th), beds - undefined(50th), baths - undefined(50th).
Excellent 4 UNIT Investment With GREAT INCOME!!! Perfect for first-time homeowner or Investor. The front building has TWO 2 BEDROOM/1BATH units and have been renovated. THE REAR building has TWO 2 BEDROOM/ 1BATH units and are new construction ADU's built in 2023. All Kitchens have custom white shaker cabinets with quartz counter tops and includes Refrigerator and Stove.The Laundry Rooms include Double stack Washer & Dryer. New shingle roofs. New PEX Plumbing New Tankless Water Heaters. New Electrical Panels. New Dual Payne Windows.Each unit has its own private patio. The Rear two units have new Solar panels paid in full.Low maintenance.Conveniently located to shopping, freeway access, schools, parks, etc. Don't Miss this opportunity.
Nearby schools
4/10
Fries Avenue Elementary School
Public,•K-5•0.5mi
4/10
Wilmington Park Elementary School
Public,•K-5•0.7mi
3/10
George De La Torre Jr. Elementary School
Public,•K-5•0.8mi
6/10
Gulf Avenue Elementary School
Public,•K-5•0.8mi
4/10
Broad Avenue Elementary School
Public,•K-5•1.2mi
4/10
Hawaiian Avenue Elementary School
Public,•K-5•1.2mi
4/10
Normont Elementary School
Public,•K-5•2.1mi
6/10
Harbor City Elementary School
Public,•K-5•2.7mi
9/10
Taper Avenue Elementary School
Public,•K-5•2.8mi
2/10
Barton Hill Elementary School
Public,•K-6•3.1mi
6/10
Eshelman Avenue Elementary School
Public,•K-5•3.3mi
5/10
Del Amo Elementary School
Public,•K-5•3.7mi
4/10
Frank Del Olmo Elementary School
Public,•K-6•20.0mi
8/10
Harry Bridges Span
Public,•K-8•0.3mi
5/10
Wilmington Middle School
Public,•6-8•1.3mi
4/10
Hudson K-8
Public,•K-8•2.4mi
6/10
Alexander Fleming Middle School
Public,•6-8•3.2mi
7/10
Rudecinda Sepulveda Dodson Middle School
Public,•6-8•3.6mi
4/10
Richard Henry Dana Middle School
Public,•6-8•4.3mi
5/10
Phineas Banning Senior High School
Public,•9-12•0.7mi
3/10
Cabrillo High School
Public,•9-12•2.5mi
5/10
Nathaniel Narbonne Senior High School
Public,•9-12•3.1mi
6/10
San Pedro Senior High School
Public,•9-12•4.4mi
Price History
Date
Event
Price
06/11/25
$1,299,900
04/21/22
Sold
$575,000
Condition Rating
Excellent
This property features newly constructed ADUs built in 2023 and extensively renovated front units. The description explicitly states new roofs, PEX plumbing, tankless water heaters, electrical panels, dual-pane windows, and solar panels for the rear units. The kitchens boast modern white shaker cabinets, quartz countertops, and new appliances, as confirmed by the images. Bathrooms are also updated with contemporary tiling and fixtures. All major systems and visible components are new or virtually new, meeting current quality standards with no deferred maintenance, aligning perfectly with the 'excellent' condition criteria.
Pros & Cons
Pros
High Income Potential: This quadruplex is explicitly marketed as an 'Excellent 4 UNIT Investment With GREAT INCOME!!!', making it highly attractive for investors seeking substantial rental revenue.
New Construction ADUs: Two of the four units are newly constructed ADUs from 2023, offering modern living spaces and commanding premium rents, while minimizing immediate maintenance concerns.
Extensive Recent Upgrades & Renovations: The property boasts significant recent improvements including new shingle roofs, PEX plumbing, tankless water heaters, electrical panels, dual-pane windows, and renovated front units, ensuring long-term durability and reduced operating costs.
Modern Interior Finishes & Amenities: All units feature custom white shaker cabinets, quartz countertops, included refrigerators and stoves, and in-unit double-stack washer & dryers, providing a high-quality and convenient living experience for tenants.
Paid-in-Full Solar Panels: The two rear ADU units are equipped with new, paid-in-full solar panels, offering significant utility cost savings for tenants and enhancing the property's eco-friendly appeal and value.
Cons
Age of Original Structure: Despite renovations, the front building dates back to 1922, which could imply potential underlying structural issues or higher insurance premiums compared to entirely newer constructions.
Lack of Desirable Views: The property explicitly states 'view: None', which may be a drawback for tenants or future buyers seeking scenic outlooks, especially in a Southern California location.
Modest Lot Size: With a lot size of 4518 sqft for a four-unit property, common outdoor areas or potential for further expansion may be limited, which could be a consideration for some tenants or investors.