844 King Avenue
Wilmington, CA 90744
- – beds
- – baths
- – sqft
- 7,011 sqft lot
- 1960 build
- – on site
For the first time in over 20 years, this exceptional 8-unit property in Wilmington is available for sale! Situated on a generous 7,011-square-foot lot, the building comprises eight 2-bedroom, 1-bathroom units, each approximately 672 square feet, totaling 5,376 square feet of rentable living space. This property offers convenient community laundry facilities and an open parking lot for tenants, ensuring ample parking space. Fully occupied and generating consistent rental income, each tenant pays for their own gas and electricity, while the owner covers water and trash expenses. Properties of this caliber, especially with long-standing tenant occupancy, are rare in Wilmington’s competitive market. This is a prime investment opportunity that won’t last long!
Last checked:
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Last updated Dec 10, 2024
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MLS# TR24226690 —
The Building
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Year Built:1960
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Year Built Source:Assessor
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New Construction:No
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Construction Materials:Stucco
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Building Area Total:5376.00
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Building Area Units:Square Feet
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Total Number Of Units:8
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# of Buildings:1
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Roof:Composition
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Stories Total:2
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Entry Level:1
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Common Walls:2+ Common Walls
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# of Separate Gas Meters:8
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# of Separate Water Meters:1
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# of Separate Electric Meters:8
Interior
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Levels:Two
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Entry Location:1
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Fireplace:No
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Fireplace:None
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Laundry:Community, Individual Room
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Laundry:1
Financial & Terms
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Disclosures:Rent Control
Location
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Directions:King Ave / W I St
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Latitude:33.78054400
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Longitude:-118.27518600
The Property
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Property Type:Residential Income
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Subtype:Commercial/Residential
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Zoning:LAR1
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Lot Features:6-10 Units/Acre
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Lot Size Area:7011.0000
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Lot Size Acres:0.1610
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Lot Size SqFt:7011.00
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Lot Size Source:Assessor
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View:None
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Fencing:None
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Fence:No
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Road Frontage:City Street
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Road Surface Type:Paved
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Property Attached:1
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Additional Parcels:No
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Land Lease:No
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Tax Block:C
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Tax Census Tract:2943.02
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Tax Tract:294...
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Tax Lot:1
The Listing
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Special Listing Conditions:Standard
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Parcel Number:7416013001
Heating & Cooling
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Heating:1
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Heating:Wall Furnace
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Cooling:No
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Cooling:None
Utilities
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Utilities:Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
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Sewer:Public Sewer
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Water Source:Public
The Community
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Features:Curbs
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Association:No
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Pool:None
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Senior Community:No
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Private Pool:No
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Spa Features:None
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Assessments:Yes
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Assessments:Unknown
Parking
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Parking:No
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Parking:None
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Parking Spaces:8.00
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Uncovered Spaces:8.00
Extra Units
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Average 2 Bed Area:672
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Max Internet Speed
Provided by BroadbandNow®
This is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
11/7/24
Nov 7, 2024
|
Listed / Active | CRMLS_CA | $1,568,000 |
