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Sold for $550,000
  • Listed by: Keller Williams Realty • Alice Rodriguez • Contact: 310-519-1080
    Bought with: Century 21 Jervis & Associates
    $550,000

    424 Island Ave, Wilmington, CA 90744

    4beds
    4baths
    2,145sqft
    Quadruplex
    Built in 1954
    -- sqft lot
    $548,900 Zestimate®
    $256/sqft
    $2,799 Estimated rent

    Home value

    $548,900

    $499,000 - $604,000

    $2,799/mo

    Zestimate® history
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    What's special

    Updated wall heatersNewer roof
    Charming Multi-Unit Property with Tremendous Potential First Time on the Market Since 1993 This exceptional property is being offered for the first time in over three decades, lovingly maintained by the original owners. Nestled on a spacious 7,500+ square foot lot, this unique opportunity invites you to explore its potential for expansion, including the addition of extra units. Key Features: • Long-Term Tenants: Each unit is occupied by long-term residents who show pride in their homes and create a strong sense of community within the building. • Unit Details: The property comprises well-maintained 1-bedroom, 1-bathroom units, ideal for tenants seeking comfortable and cozy living spaces. • Upgrades: The property boasts a newer roof and updated wall heaters, reflecting the meticulous care and attention it has received over the years. • Expansion Opportunity: With its expansive lot size of over 7,500 square feet, there’s plenty of room to add additional units, maximizing rental income potential. Additional Information: This property is being sold alongside its sister building, located at 414 Island SB25145484, offering a rare chance to acquire two prime investments simultaneously. The seller is motivated, providing an excellent opportunity for investors or those looking to expand their portfolio. Don’t miss out on this rare gem—ideal for both seasoned and first-time investors. Schedule your viewing today!

    Zillow last checked:

    Listing updated:

    Listed by:

    Alice Rodriguez DRE #01362049 310-738-2511,

    Keller Williams Realty

    Bought with:

    Ruth Bonilla, DRE #01066238

    Century 21 Jervis & Associates

    Source: CRMLS,MLS#: SB25145499MLS LogoOriginating MLS: California Regional MLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 4
    Rooms
    • Room types: Kitchen, Living Room
    Heating
    • Wall Furnace
    Cooling
    • None
    Appliances
    • Laundry: Common Area
    Features
    • Flooring: Carpet, Laminate
    • Has fireplace: No
    • Fireplace features: None
    • Common walls with other units/homes: 2+ Common Walls
    Interior area
    • Total structure area: 2,145
    • Total interior livable area: 2,145 sqft

    Property

    Parking
    • Total spaces: 4
    • Parking features: Garage
    • Garage spaces: 4
    Features
    • Levels: One
    • Stories: 1
    • Entry location: Front
    • Pool features: None
    • Spa features: None
    • Has view: Yes
    • View description: None
    Lot
    • Size: 7,512 Square Feet
    • Features: 0-1 Unit/Acre
    Details
    • Parcel number: 7418016014
    • Zoning: LARD1.5
    • Special conditions: Standard,Trust

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Quadruplex
    • Attached to another structure: Yes
    Condition
    • Updated/Remodeled
    • New construction: No
    • Year built: 1954

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Electricity Connected, Natural Gas Connected

    Community & HOA

    Community
    • Features: Curbs
    Location
    • Region: Wilmington

    Financial & listing details

    • Price per square foot: $256/sqft
    • Tax assessed value: $338,710
    • Annual tax amount: $4,533
    • Date on market: 6/28/2025
    • Cumulative days on market: 34 days
    • Listing terms: Cash,Conventional
    • Exclusions: Tenants Personal Property
    • Tenant pays: Electricity, Gas

    Price history

    DateEventPrice
    9/8/2025Sold$550,000-19%$256/sqft
    Source: CRMLS #SB25145499 Report a problem
    8/2/2025Listing removed$679,000$317/sqft
    Source: SDMLS #SB25145499 Report a problem
    6/30/2025Listed for sale$679,000$317/sqft
    Source: SDMLS #SB25145499 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$4,533 +0.9%$338,710 +2%
    2024$4,491 +1.8%$332,069 +2%
    2023$4,412 +4.5%$325,559 +2%
    2022$4,220 +1.4%$319,177 +2%
    2021$4,162 -0.9%$312,920 +1%
    2020$4,197 $309,713 +2%
    2019$4,197 +6.6%$303,641 +2%
    2018$3,939 $297,688 +2%
    2017$3,939 +2.1%$291,852 +2.2%
    2016$3,857 +3%$285,444 +357.6%
    2015$3,745 +234.7%$62,375 +2%
    2014$1,119 $61,154 +2.5%
    2012-- $59,686 +2%
    2011-- $58,517 +0.8%
    2010-- $58,081 -0.2%
    2009-- $58,220 +2%
    2008-- $57,080 +2%
    2007-- $55,961 +2%
    2006-- $54,865
    2005-- $54,865 +4%
    2004-- $52,737 +1.9%
    2003-- $51,771 +2%
    2002-- $50,757 +4%
    2000-- $48,788
    Find assessor info on the county website

    Neighborhood: Wilmington

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $548,900
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $548,900