
Wilmington, California 90744
This Quadruplex Residential Income Asset is a High-Potential Investment Opportunity, listed at $825,000—positioned well below the $965,841 Fair Market Value by 14%. This valuation gap offers $140,841 in Instant Equity. With a Condition Rating of 3, the property features recent capital improvements including a 2024 roof and 2023 windows. Efficient utility management via individual electric meters and tankless water heaters minimizes overhead. This is an ideal acquisition for Buy-and-Hold Investors or Portfolio Diversifiers seeking stable, income-producing real estate.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 801 W F Street Subject | $825,000* List Price | 0 | 0 | 3,462 | $279 | - |
A 902 Island Avenue Sold | $880,000 | 0 | 0 | 2,936 | $300 | 0.4 mi |
B 1052 N Wilmington Boulevard Active | $780,000 List Price | 0 | 0 | 2,609 | $299 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1963, the property has undergone significant recent capital improvements including a new roof (2024), newer windows (2023), and a brand new electric panel. The kitchen shows dated oak cabinetry but features updated stone countertops and flooring. With newer furnaces and water heaters, the major systems are in excellent shape, making the building well-maintained and move-in ready.
Elementary School: Taper Avenue Elementary School (9/10).
The property features significant recent upgrades including a new roof (2024), newer windows (2023), and a brand-new electric panel, significantly reducing immediate deferred maintenance costs.
With individual electric meters (no master meter) and tankless water heaters, the property is designed for efficient utility management, shifting costs away from the owner.
The property is subject to LA City Rent Stabilization Ordinance (RSO) guidelines, which limits the owner's ability to implement market-rate rent increases.
All units are currently occupied and will remain so through the close of escrow, preventing immediate owner-occupancy or the ability to perform value-add renovations on vacant units.
Four unit building on corner location with Newer windows 2023 and New roof in 2024. Newer furnaces in two units. Tankless water heaters in two units (one in 2026). Another New water heater 2026. Brand new Electric panel (NO MASTER METER) No on-site laundry keeps expenses way down! Walk to elementary school and shopping. 4 off-street parking spaces. All appliances belong to tenants except for unit 4. Very light and spacious units. Property is under LA City Rent Control RSO guidelines. All units are occupied and shall remain occupied through close of escrow. Financing available with 25% down and FICO as low as 620!
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades K-5 • 0.3 mi
Grades K-5 • 0.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 3.0 |
| Baths | 0.0 | 2.0 |
| Square foot | 3,462 | 2,559 |
| Lot Size | 4,806 | 6,275.667 |
| Price | $825.0K | $812.1K |
| Price per sq ft | $238 | $381 |
| Built year | 1963 | 1956 |
| HOA | $0 | $0 |
| Days on market | 19 | 132 |
Aug 21, 2026
$825,000
Initial Listing
May 9, 2018
$575,000
Public Record