About this home

Excellent investment opportunity to own a fourplex with multiple income streams. Each of the four units features 1 bedroom, 1 bathroom, a private yard, and washer/dryer hook ups. The interiors offer tile flooring throughout, and updated plumbing.Situated on an expansive 8,015-square-foot lot, the property includes five single-car garages plus additional off-street parking with convenient alley access. An added investment advantage is an existing commercial ground lease for an on-site advertising billboard, providing supplemental income beyond the residential rents.Ideally located within walking distance of schools, parks, shopping, and with convenient access to major freeways. Owner pays for water and insurance. With stable residential income, additional revenue from the billboard lease, ample parking, and zoned for C-1, this property presents endless possibilities.

Facts and features

Schools

• Gulf Avenue Elementary School

  elementary · K-5 · 0.1 mi

  6

• Phineas Banning Senior High School

  high · 9-12 · 0.9 mi

  5

• Wilmington Middle School STEAM Magnet

  middle · 6-8 · 0.9 mi

  6

• Vermont Christian School

  elementary · 1-12 · 0.4 mi

• Sts. Peter And St. Paul

  elementary · K-8 · 0.4 mi

• Harbor Teacher Preparation Academy

  high · 9-12 · 0.5 mi

  10

Price history

• Sep 16, 2026 · Price Changed$698,000
• Jul 26, 2026 · Listed$780,000
• Apr 27, 2021 · Sold$610,000
• Sep 28, 2010 · Listing Removed$300,000
• Jun 15, 2010 · Listed$300,000
• Mar 14, 1986 · Sold$140,000
• Aug 7, 1981 · Sold$123,000

Tax history

• 2025$8,487 tax · $673,487 assessed
• 2024$8,368 tax · $660,282 assessed
• 2023$8,213 tax · $634,644 assessed
• 2022$7,846 tax · $622,200 assessed
• 2021$3,601 tax · $257,539 assessed
• 2020$3,974 tax · $254,899 assessed
• 2019$4,100 tax · $249,902 assessed
• 2018$3,938 tax · $245,003 assessed

Home value

$691,000

• Collateral Analytics$691,000
• Quantarium$685,544

Where it is