123 E I Street, Wilmington, California 90744, Wilmington, 90744 - 0 bed, 0 bath
Loading property details...
Wilmington, California 90744
This High-Potential Investment Opportunity is a 4-unit Residential Income asset listed at $849,000, positioned well below the $880,476 Fair Market Value by 3%. This valuation gap offers $31,476 in Instant Equity. Featuring 8 rear parking spaces and a Condition Rating of 5, the property requires modernization to maximize rental yields. Located near the Port of Los Angeles, it is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking supplemental income through a strategic harbor-area asset.
Property is extensive renovation needed.
Built in 1973 (53 years old) with no evidence of recent renovations. The kitchen features highly dated cabinetry, tile countertops, and appliances that appear to be over 30 years old, indicating a need for a full rehab to modernize the units.
Elementary School: Taper Avenue Elementary School (9/10).
The property features eight rear parking spaces, a rare and highly valuable asset in this high-density area that significantly enhances tenant convenience and property value.
This four-unit configuration allows a buyer to utilize residential financing to occupy one unit while generating significant rental income from the remaining three units.
Built in 1973, the property may require upcoming capital expenditures for system modernizations or cosmetic updates to remain competitive with newer rental inventory.
Several assigned schools in the immediate vicinity have lower performance ratings, which may limit the property's appeal to long-term family tenants.
Excellent owner-user or investment opportunity in the heart of Wilmington featuring a 4-unit property comprised of spacious 2-bedroom, 1-bath units with 8 rear parking spaces a rare and valuable feature in the area. Ideal for a buyer looking to occupy one unit while generating rental income from the remaining units. Located just minutes from the rapidly transforming Port of Los Angeles and the exciting waterfront redevelopment projects throughout the San Pedro harbor area, this property offers strong long-term upside potential. Nearby developments including the new West Harbor waterfront destination continue to bring new dining, entertainment, retail, and public improvements to the area. Conveniently situated near major freeways, local employment centers, and the evolving LA Waterfront corridor, this property presents a unique opportunity for an owner-occupant seeking supplemental rental income or an investor looking to add a well-located multi-unit asset in one of the harbor area’s growing communities.
No exterior & parking available.
Grades K-5 • 0.5 mi
Grades K-5 • 0.5 mi
Grades K-5 • 0.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 3,336 | 2,119 | 63% |
| Lot Size | 6,023 | 5,421.5 | 50% |
| Price | $849.0K | $828.0K | 50% |
| Price per sq ft | $254 | $356 | 13% |
| Built year | 1973 | 1952 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 9 | 146 | 13% |
May 28, 2026
$849,000
Initial Listing