We are pleased to present this 4 unit apartment community located in the heart of Wilmington. The offering consists of (4) 1 Bed / 1 Bath units. Each
apartment unit includes a washer/dryer hookup and brand new water heaters as of Feb 2024. In total, the buildings sit on a 6,697 sq ft lot and feature 4 single car garages. Tenants pay for electricity and gas. There is ONE water meter and 4 electrical panels and 4 gas meters. There is rental upside potential to a 8.71% Pro-Forma Cap Rate & 8.10 Pro-Forma GRM. There is a 648 sq ft garage in the back with RTI plans for (2) ADUs consisting of 1+1. Plans are fully approved and are ready for construction! This could ultimately be converted into a 6 unit apartment building. Property can be financed through a residential loan.
Sold for $785,000
Listed by: Lyon Stahl Investment Real Estate, Inc. • Evelyn Baez Gonzalez • Contact: 951-902-3006
Bought with: Four Points Realty
$785,000
1147 N Marine Ave, Wilmington, CA 90744
4beds
4baths
2,400sqft
Quadruplex
Built in 1923
-- sqft lot
$874,400 Zestimate®
$327/sqft
$2,574 Estimated rent
Home value
$874,400
$787,000 - $971,000
$2,574/mo
Zestimate® history
Owner options
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$5,018/mo
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Zillow last checked:
Listing updated:
Listed by:
Evelyn Baez Gonzalez DRE #02103055 951-902-3006,
Lyon Stahl Investment Real Estate, Inc.
Bought with:
Mirian Duenas, DRE #01238468
Four Points Realty
Source: CRMLS,MLS#: SB24030389
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
Heating
- Wall Furnace
Cooling
- None
Appliances
- Laundry: Inside
Features
- Flooring: Carpet
- Has fireplace: No
- Fireplace features: None
- Common walls with other units/homes: 1 Common Wall
Interior area
- Total structure area: 2,400
- Total interior livable area: 2,400 sqft
Property
Parking
- Total spaces: 4
- Parking features: Garage
- Garage spaces: 4
Features
- Levels: One
- Stories: 1
- Entry location: 2
- Pool features: None
- Spa features: None
- Fencing: None
- Has view: Yes
- View description: None
Lot
- Size: 6,699 Square Feet
- Features: 0-1 Unit/Acre
Details
- Parcel number: 7420020018
- Zoning: LAR1
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Colonial
- Property subtype: Quadruplex
- Attached to another structure: Yes
Materials
- Roof: None
Condition
- New construction: No
- Year built: 1923
Utilities & green energy
- Electric: Standard
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Water Available
Community & HOA
Community
- Features: Sidewalks
Location
- Region: Wilmington
Financial & listing details
- Price per square foot: $327/sqft
- Tax assessed value: $800,700
- Annual tax amount: $10,055
- Date on market: 2/12/2024
- Cumulative days on market: 8 days
- Listing terms: Cash,Cash to New Loan,Conventional,Contract,1031 Exchange
- Total actual rent: 3784
- Tenant pays: Cable TV, Electricity
Price history
| Date | Event | Price |
|---|---|---|
| 3/21/2024 | Sold | $785,000+1.3%$327/sqft |
Source:  CRMLS #SB24030389 Report a problem | ||
| 3/9/2024 | Pending sale | $775,000$323/sqft |
Source: CRMLS #SB24030389 Report a problem | ||
| 2/22/2024 | Contingent | $775,000$323/sqft |
Source: CRMLS #SB24030389 Report a problem | ||
| 2/13/2024 | Listed for sale | $775,000+29.2%$323/sqft |
Source: CRMLS #SB24030389 Report a problem | ||
| 3/29/2023 | Sold | $600,000-4%$250/sqft |
Source: Public Record Report a problem | ||
| 3/2/2023 | Pending sale | $625,000$260/sqft |
Source:  CLAW #23-245328 Report a problem | ||
| 2/27/2023 | Listed for sale | $625,000$260/sqft |
Source: CLAW #23-245328 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $10,055 +7.8% | $800,700 +9% |
| 2024 | $9,324 +688.5% | $734,400 +1216.4% |
| 2023 | $1,183 +3.4% | $55,788 +2% |
| 2022 | $1,144 +2.3% | $54,695 +2% |
| 2021 | $1,119 -0.2% | $53,624 +1% |
| 2020 | $1,121 | $53,076 +2% |
| 2019 | $1,121 +13.2% | $52,037 +2% |
| 2018 | $990 | $51,018 +2% |
| 2017 | $990 +1.7% | $50,018 +2% |
| 2016 | $973 +5.2% | $49,038 +1.5% |
| 2015 | $925 -2.4% | $48,302 +2% |
| 2014 | $948 | $47,356 +4.5% |
| 2011 | -- | $45,314 +0.8% |
| 2010 | -- | $44,976 -0.2% |
| 2009 | -- | $45,084 +2% |
| 2008 | -- | $44,201 +2% |
| 2007 | -- | $43,335 +2% |
| 2006 | -- | $42,486 |
| 2005 | -- | $42,486 +4% |
| 2004 | -- | $40,838 +1.9% |
| 2003 | -- | $40,090 +2% |
| 2002 | -- | $39,305 +4% |
| 2000 | -- | $37,780 |
Find assessor info on the county website
Neighborhood: Wilmington
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Nearby schools
GreatSchools rating
- 8/10Harry Bridges SpanGrades: K-8Distance: 0.2 mi
- 5/10Phineas Banning Senior High SchoolGrades: 9-12Distance: 0.6 mi
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Estimated market value
$874,400
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Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$874,400
- California
- Los Angeles County
- Los Angeles
- 90744
- Wilmington
- 1147 N Marine Ave
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