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Sold for $1,050,000
  • Listed by: Billy Rosenberg, Broker • Billy Rosenberg • Contact: 949-677-8428
    Bought with: Legacy Realty & Investments
    $1,050,000

    504 W L St, Wilmington, CA 90744

    5beds
    4baths
    2,253sqft
    Quadruplex
    Built in 1953
    -- sqft lot
    $1,001,300 Zestimate®
    $466/sqft
    $2,657 Estimated rent

    Home value

    $1,001,300

    $951,000 - $1.05M

    $2,657/mo

    Zestimate® history
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    What's special

    MOTIVATED SELLER! Are you in search of a meticulously cared-for investment property that can be easily managed on your own? Look no further than this fully occupied, well-maintained fourplex. This property consists of one spacious 2+1 unit and three comfortable 1+1 units, with an added bonus/office/den room in one of the 1+1 units. 2 remodeled units and bathrooms have been recently updated, giving them a touch of modernity. Each unit has its own separate meters, with the exception of water (2 tenants pay RUBS). Additionally, each unit offers its own front-fenced area, providing privacy and individuality. The end unit, featuring a generous 2/1 layout, comes with a huge front and side yard, like living in a single-family residence. In addition to a 1 car garage, there is driveway parking and an available side parking spot. Situated on a 7,025-square-foot lot in the heart of Wilmington, this fourplex presents a fantastic opportunity to secure your future in the thriving Wilmington real estate market. This property also offers the potential for additional income through the installation of a coin laundry facility. It is an ideal investment for an owner looking to manage their own rentals or a family seeking to establish a rental portfolio. Drive-by only. PLEASE do not disturb the tenants. Inspection with an accepted offer. WILL DELIVER 1 UNIT VACANT FOR OWNER OCCUPIED!

    Zillow last checked:

    Listing updated:

    Listed by:

    Billy Rosenberg DRE #01995754 949-677-0674,

    Billy Rosenberg, Broker

    Bought with:

    Michael Geluz, DRE #01469084

    Legacy Realty & Investments

    Source: CRMLS,MLS#: OC23131929MLS LogoOriginating MLS: California Regional MLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 4
    Heating
    • Wall Furnace
    Cooling
    • None
    Appliances
    • Laundry: None
    Features
    • Has fireplace: No
    • Fireplace features: None
    • Common walls with other units/homes: 2+ Common Walls
    Interior area
    • Total structure area: 2,253
    • Total interior livable area: 2,253 sqft

    Property

    Parking
    • Total spaces: 3
    • Parking features: Garage
    • Garage spaces: 1
    • Uncovered spaces: 2
    Features
    • Levels: One
    • Stories: 1
    • Entry location: Front
    • Pool features: None
    Lot
    • Size: 7,025 Square Feet
    • Features: 0-1 Unit/Acre
    Details
    • Parcel number: 7420017016
    • Zoning: LAR1
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Quadruplex
    • Attached to another structure: Yes
    Condition
    • New construction: No
    • Year built: 1953

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Community
    • Features: Street Lights, Suburban, Sidewalks
    Location
    • Region: Wilmington

    Financial & listing details

    • Price per square foot: $466/sqft
    • Tax assessed value: $1,071,000
    • Annual tax amount: $13,282
    • Date on market: 7/18/2023
    • Cumulative days on market: 135 days
    • Listing terms: 1031 Exchange

    Price history

    DateEventPrice
    4/16/2024Listing removed--
    Source: CRMLS #SB24056844 Report a problem
    3/26/2024Price change$1,900-5%$1/sqft
    Source: CRMLS #SB24056844 Report a problem
    3/21/2024Listed for rent$2,000$1/sqft
    Source: CRMLS #SB24056844 Report a problem
    1/19/2024Sold$1,050,000-9.6%$466/sqft
    Source: CRMLS #OC23131929 Report a problem
    1/19/2024Pending sale$1,161,000$515/sqft
    Source: CRMLS #OC23131929 Report a problem
    12/10/2023Contingent$1,161,000$515/sqft
    Source: CRMLS #OC23131929 Report a problem
    9/9/2023Price change$1,161,000-10%$515/sqft
    Source: CRMLS #OC23131929 Report a problem
    7/18/2023Listed for sale$1,290,000+104.8%$573/sqft
    Source: CRMLS #OC23131929 Report a problem
    6/7/2017Sold$630,000-3.1%$280/sqft
    Source: CSMAOR #217000033 Report a problem
    4/10/2017Pending sale$650,000$289/sqft
    Source: Comstock & Calhoun R.E. Co. #217000033 Report a problem
    11/14/2016Listed for sale$650,000$289/sqft
    Source: Comstock & Calhoun R.E. Co. #216009814 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$13,282 +45.8%$1,071,000 +49.4%
    2024$9,111 +1.9%$716,828 +2%
    2023$8,940 +4.7%$702,773 +2%
    2022$8,535 +1.3%$688,994 +2%
    2021$8,426 -1%$675,485 +1%
    2020$8,507 $668,560 +2%
    2019$8,507 +5%$655,452 +2%
    2018$8,098 $642,600 +133.4%
    2017$8,098 +119.3%$275,277 +2%
    2016$3,693 +2.8%$269,880 +1.5%
    2015$3,592 +0.3%$265,827 +2%
    2014$3,582 $260,621 +2.5%
    2012-- $254,358 +2%
    2011-- $249,371 +0.8%
    2010-- $247,508 -0.2%
    2009-- $248,097 +2%
    2008-- $243,233 +2%
    2007-- $238,465 +2%
    2006-- $233,790
    2005-- $233,790 +4%
    2004-- $224,714 +1.9%
    2003-- $220,597 +2%
    2002-- $216,273 +4%
    2000-- $207,877
    Find assessor info on the county website

    Neighborhood: Wilmington

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $1,001,300
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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
    $1,001,300