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!
Sold for $1,248,000
Listed by: Berkshire Hathaway HomeServices California Properties • Sophia De La Vara • Contact: 562-755-9650
Bought with: Berkshire Hathaway HomeServices California Properties
$1,248,000
844 King Ave, Wilmington, CA 90744
16beds
8baths
5,376sqft
Mixed Use
Built in 1960
-- sqft lot
$1,229,400 Zestimate®
$232/sqft
$2,265 Estimated rent
Home value
$1,229,400
$1.11M - $1.36M
$2,265/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Sophia De La Vara DRE #01127097 562-755-9650,
Berkshire Hathaway HomeServices California Properties
Bought with:
Sophia De La Vara, DRE #01127097
Berkshire Hathaway HomeServices California Properties
Source: CRMLS,MLS#: TR24226690
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 16
- Bathrooms: 8
Heating
- Wall Furnace
Cooling
- None
Appliances
- Laundry: Common Area, Laundry Room
Features
- Has fireplace: No
- Fireplace features: None
- Common walls with other units/homes: 2+ Common Walls
Interior area
- Total structure area: 5,376
- Total interior livable area: 5,376 sqft
Property
Parking
- Total spaces: 8
- Parking features: None
- Uncovered spaces: 8
Features
- Levels: Two
- Stories: 2
- Entry location: 1
- Pool features: None
- Spa features: None
- Fencing: None
- Has view: Yes
- View description: None
Lot
- Size: 7,011 Square Feet
- Features: 6-10 Units/Acre
Details
- Parcel number: 7416013001
- Zoning: LAR1
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Mixed Use
- Attached to another structure: Yes
Materials
- Stucco
- Roof: Composition
Condition
- New construction: No
- Year built: 1960
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Community & HOA
Community
- Features: Curbs
Location
- Region: Wilmington
Financial & listing details
- Price per square foot: $232/sqft
- Date on market: 11/7/2024
- Cumulative days on market: 67 days
- Listing terms: Cash,Cash to New Loan,Conventional
- Total actual rent: 10379
- Tenant pays: Electricity, Gas
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 2/6/2025 | Sold | $1,248,000-15%$232/sqft |
Source:  CRMLS #TR24226690 Report a problem | ||
| 2/3/2025 | Pending sale | $1,468,000$273/sqft |
Source: Berkshire Hathaway California Properties #TR24226690 Report a problem | ||
| 1/17/2025 | Contingent | $1,468,000$273/sqft |
Source: Berkshire Hathaway California Properties #TR24226690 Report a problem | ||
| 1/4/2025 | Price change | $1,468,000-6.4%$273/sqft |
Source: Berkshire Hathaway California Properties #TR24226690 Report a problem | ||
| 11/8/2024 | Listed for sale | $1,568,000$292/sqft |
Source: Berkshire Hathaway California Properties #TR24226690 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: Wilmington
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Nearby schools
GreatSchools rating
- 6/10Gulf Avenue Elementary SchoolGrades: K-5Distance: 0.4 mi
- 6/10Wilmington Middle School STEAM MagnetGrades: 6-8Distance: 1.2 mi
- 5/10Phineas Banning Senior High SchoolGrades: 9-12Distance: 1.3 mi
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Estimated market value
$1,229,400
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
$1,229,400
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