1052 N Wilmington Boulevard, Wilmington, California 90744, Wilmington, 90744 - 0 bed, 0 bath
Loading property details...
1052 N Wilmington Boulevard
Wilmington, California 90744
ACTIVE
CONDITION: FAIR
0Beds
0Baths
2,609Sq Ft
8,008Lot Size
Property Price
LIST PRICE$780,000
EST. MARKET VALUE
$791,718
SUMMARY
This High-Potential Investment Opportunity is a fourplex listed at $780,000, positioned well below the $791,719 Fair Market Value by 1.5%. This valuation gap offers $11,719 in Instant Equity. Featuring a Fair Condition Rating, the property includes C-1 Zoning, five garages, and a commercial billboard lease for diversified income. With private yards and washer/dryer hookups, it offers stable rental demand. This asset is ideal for Buy-and-Hold Investors or Value-Add Developers seeking long-term revenue growth.
Estimated Market Value
$791,718
Based on Realkey algorithm analyzing recent comparable sales in Wilmington.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1052 N Wilmington Boulevard Subject | $780,000* List Price | 0 | 0 | 2,609 | $303 | - |
A 902 Island Avenue Sold | $880,000 | 0 | 0 | 2,936 | $300 | 0.5 mi |
B 703 W L Sold | $599,000 | 0 | 0 | 1,950 | $307 | 0.3 mi |
C 1722 N Wilmington Active | $875,000 List Price | 0 | 0 | 3,060 | $286 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1956, this 68-year-old property is dated but functional. While the listing notes updated plumbing and tile flooring, the lack of recent kitchen/bath remodels and the overall age place it in the fair category, requiring cosmetic and system updates to meet modern standards.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: Taper Avenue Elementary School (9/10).
- Diversified Income Streams
In addition to the four residential rental units, the property includes a commercial ground lease for an on-site advertising billboard, providing a unique supplemental revenue source.
- Development Potential
Situated on a generous 8,015-square-foot lot with C-1 zoning, the property offers significant long-term flexibility for commercial use or potential redevelopment.
CONSRISKS & DEFICIENCIES
- Operating Expense Burden
The owner is responsible for water and insurance costs, which increases monthly overhead and can reduce the net operating income compared to properties with sub-metered utilities.
- Limited Unit Versatility
The building consists entirely of 1-bedroom, 1-bathroom configurations, which may limit the tenant pool and cap the maximum rental income potential compared to multi-bedroom units.
About 1052 N Wilmington Boulevard
Excellent investment opportunity to own a fourplex with multiple income streams. Each of the four units features 1 bedroom, 1 bathroom, a private yard, and washer/dryer hook ups. The interiors offer tile flooring throughout, and updated plumbing.Situated on an expansive 8,015-square-foot lot, the property includes five single-car garages plus additional off-street parking with convenient alley access. An added investment advantage is an existing commercial ground lease for an on-site advertising billboard, providing supplemental income beyond the residential rents.Ideally located within walking distance of schools, parks, shopping, and with convenient access to major freeways. Owner pays for water and insurance. With stable residential income, additional revenue from the billboard lease, ample parking, and zoned for C-1, this property presents endless possibilities.
Property Details
Public Facts
- Property Type
- Quadruplex
- Year Built
- 1956
- Lot Size
- 8,008 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Wilmington Unified Schools
Gulf Avenue Elementary School
Grades K-5 • 0.2 mi
6/10
Hawaiian Avenue Elementary School
Grades K-5 • 0.6 mi
4/10
Fries Avenue Elementary School
Grades K-5 • 0.6 mi
4/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 3.0 |
| Baths | 0.0 | 2.0 |
| Square foot | 2,609 | 2,559 |
| Lot Size | 8,008 | 6,275.667 |
| Price | $780.0K | $812.1K |
| Price per sq ft | $299 | $381 |
| Built year | 1956 | 1956 |
| HOA | $0 | $0 |
| Days on market | 45 | 132 |
Pricing History
Listed for Sale
Jul 26, 2026
$780,000
Initial Listing
Sold
Apr 27, 2021
$610,000
Public Record