Coldwell Banker Home Page

Local Realty Service Provided By: Coldwell Banker Home Source

Property view

424 Island Avenue, 
Wilmington, CA 90744

$550,000


—

Bed


—

Bath


2,145

Sq Ft


Multi-Family

Sold

Listed by

Alice Rodriguez

Bought with Century 21 Jervis & Associates

Keller Williams Realty

310-519-1080

MLS#

SB25145499

Source:

CRMLS

Sorry, we are unable to map this address

About This Home

424 Island Avenue

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!

Home Facts

Multi-Family

Built in 1954

Price Summary

679,000

$316 per Sq. Ft.

MLS #:

SB25145499

Sold:

September 8, 2025


Rooms & Interior

Interior

Living Area:

2,145 Sq. Ft.


Structure

Structure

Building Area:

2,145 Sq. Ft.

Year Built:

1954


Lot

Lot Size (Sq. Ft):

7,514


Finances & Disclosures

Finances

Price:

$679,000

Price per Sq. Ft:

$316 per Sq. Ft.

Source:CRMLS
The information being provided by California Regional MLS (Southern California) is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the California Regional MLS (Southern California). Coldwell Banker Home Source is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Coldwell Banker Home Source, a broker participant of California Regional MLS (Southern California). This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, including but not limited to open house information, square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by California Regional MLS (Southern California) and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2021 California Regional MLS (Southern California). All rights reserved.