623 Gulf Ave, Wilmington, California 90744, Wilmington, 90744 - 0 bed, 0 bath
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623 Gulf Ave
Wilmington, California 90744
ACTIVE
CONDITION: FAIR
0Beds
0Baths
2,568Sq Ft
7,186Lot Size
Property Price
LIST PRICE$1,099,000
EST. MARKET VALUE
$993,739
10% AboveMARKET VALUE
SUMMARY
This Quadruplex Residential Income Asset is a High-Potential Investment Opportunity, listed at $1,099,000—positioned above the $993,739 Fair Market Value. While priced at a premium, the property offers a stable, well-maintained Condition Rating of 4, providing immediate rental utility. Located near the Port of Los Angeles and the 110 freeway, it ensures consistent demand from the local workforce. With proximity to Top-Rated Schools like Harry Bridges Span, this is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to leverage rental income to offset mortgage costs.
Estimated Market Value
$993,739
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 |
|---|---|---|---|---|---|---|
★ 623 Gulf Ave Subject | $1,099,000* List Price | 0 | 0 | 2,568 | $387 | - |
A 902 Island Avenue Sold | $880,000 | 0 | 0 | 2,936 | $300 | 0.5 mi |
B 720 King Sold | $1,000,000 | 0 | 0 | 2,288 | $437 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
The property was built in 1952 (72 years old). While the listing describes it as well-maintained, there is no mention of recent renovations to the kitchens, bathrooms, or major systems (HVAC/Electric). Given the age and the 'well-maintained' description without specific upgrade dates, it likely features dated components that are functional but require minor repairs or cosmetic updates.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: Taper Avenue Elementary School (9/10).
- Multi-Unit Income Potential
As a well-maintained quadruplex, this property offers versatile investment options, allowing an owner to occupy one unit while generating significant rental income from the remaining three units.
- Strategic Commuter Location
Ideally situated near the Port of Los Angeles and the 110 freeway, the property ensures high rental demand from the local workforce and provides excellent accessibility for commuters.
CONSRISKS & DEFICIENCIES
- Aging Infrastructure
Built in 1952, the property may require more frequent maintenance or future capital expenditures for system upgrades compared to newer residential income properties.
- Compact Living Spaces
With 2,568 total square feet divided among four units, the average unit size is relatively small, which may limit the tenant pool to individuals or small households.
About 623 Gulf Ave
Excellent investment opportunity in the heart of Wilmington! This well-maintained four-unit property offers a total of 6 bedrooms and 4 bathrooms, providing strong income potential in a desirable rental market. Built in 1952, the property is conveniently located near the Port of Los Angeles, schools, shopping, dining, and major freeways, including the 110, for easy commuting. Whether you’re looking to expand your investment portfolio or occupy one unit while generating rental income from the others, this versatile property offers outstanding potential
Property Details
Public Facts
- Property Type
- Quadruplex
- Year Built
- 1952
- Lot Size
- 7,186 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
Hawaiian Avenue Elementary School
Grades K-5 • 0.2 mi
4/10
George De La Torre Jr. Elementary School
Grades K-5 • 0.4 mi
3/10
Gulf Avenue Elementary School
Grades K-5 • 0.6 mi
6/10
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 | 2,568 | 2,559 |
| Lot Size | 7,186 | 6,275.667 |
| Price | $1.10M | $812.1K |
| Price per sq ft | $428 | $381 |
| Built year | 1952 | 1956 |
| HOA | $0 | $0 |
| Days on market | 35 | 132 |
Pricing History
Listed for Sale
Aug 5, 2026
$1,099,000
Initial Listing
Sold
Aug 31, 2022
$711,000
Public Record
Sold
Jan 14, 2005
$492,000
Public Record
Sold
Oct 1, 2002
$285,000
Public Record