1004 W Lowen, Wilmington, CA 90744
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The Warburton Team Brokered By EXp

The Warburton Team Brokered By EXp

+1(626) 630-2141
$672,800
Est. payment /mo
6,246 Sqft Lot
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Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID PV26199770

Construction Status Fixer,Repairs Cosmetic

HOA Y/N No

Year Built 1956

Lot Size 6,246 Sqft

Property Sub-Type Quadruplex

Property Description

This fourplex is a practical Harbor-area income property with a simple, flexible story: four separate one-bedroom homes on one lot, already producing cash flow, in a neighborhood that lives off one of the largest employment engines on the West Coast.

Each unit is a self-contained 1BR/1BA home of roughly 600 square feet. That layout is the point. An investor gets four rent rolls instead of one. An owner-user can live in one unit and let the other three help carry the property. An extended family can give parents, adult children, or siblings their own front door, kitchen, and bath while staying on the same parcel. Parking and a usable lot support everyday living rather than a stacked apartment product.

The numbers are straightforward. Current gross of $4,865 per month against $1,222 in expenses (NOTE: $392 is for property management fees and $80 for yard maintenance. Some investors may want to increase the net by a commensurate amount) leaves $3,643 net. That is real monthly cash after operations—not a pro-forma hope. Units of this size in Wilmington have rented in the mid-$1,700s; the income already in place shows demand is not theoretical. Built in 1956 on a 6,248-square-foot lot (zoning LARD1.5), the asset is a classic small multifamily building: manageable scale, four meters of opportunity, and room on the lot that many downtown fourplexes simply do not have.

Wilmington is a working harbor community, not a resort zip. That is an advantage for this buyer profile. The Ports of Los Angeles and Long Beach sit minutes away and support logistics, warehousing, trades, and shift work that need nearby housing. The 110, 405, and 710, plus Pacific Coast Highway, put jobs, shopping, and the rest of the South Bay within a normal commute. Ken Malloy Harbor Regional Park, Wilmington Waterfront Park, Banning Recreation Center, and Los Angeles Harbor College give residents parks, recreation, and a community-college campus without leaving the Harbor area. Avalon Boulevard and PCH handle daily errands. Compared with Palos Verdes and the Beach Cities, entry pricing here is still more approachable, which is why 1BR product stays rented.

This is not a trophy listing. It is a four-door cash-flow building in a job-rich, renter-heavy pocket of the Harbor—useful for an investor who wants income now, an owner-occupant who wants three units to help pay the note, or a family that wants four independent homes on one piece of ground.

Location

State CA

County Los Angeles

Area 195 - West Wilmington

Rooms

Other Rooms Shed(s)

Interior

Interior Features Ceiling Fan(s), Granite Counters, Laminate Counters, Tile Counters, Unfurnished, All Bedrooms Down, Bedroom on Main Level, Main Level Primary

Heating Natural Gas, Wall Furnace, Zoned

Cooling Electric, Wall/Window Unit(s), Zoned

Flooring Laminate, Tile, Vinyl

Fireplaces Type None

Fireplace No

Appliance 6 Burner Stove, Electric Range, Free-Standing Range, Gas Cooktop, Gas Oven, Gas Range, Gas Water Heater, Self Cleaning Oven, Water Heater

Laundry Washer Hookup, Electric Dryer Hookup, Gas Dryer Hookup, In Kitchen, Stacked

Exterior

Parking Features Carport, On Site, Private

Garage Spaces 1.0

Garage Description 1.0

Fence Chain Link, Wood

Pool None

Community Features Storm Drain(s), Street Lights, Suburban

Utilities Available Electricity Available, Natural Gas Available, Natural Gas Connected, Sewer Available, Sewer Connected, Water Available, Water Connected, Overhead Utilities

View Y/N No

View None

Roof Type Composition,Shingle

Accessibility No Stairs, Parking, Accessible Doors, Accessible Hallway(s)

Total Parking Spaces 1

Private Pool No

Building

Lot Description 2-5 Units/Acre, Back Yard, Corner Lot, Front Yard, Sprinklers In Rear, Sprinklers In Front, Lawn, Landscaped, Paved, Rectangular Lot, Sprinklers Timer, Sprinkler System, Street Level, Yard

Story 1

Entry Level One

Foundation Concrete Perimeter, Raised

Sewer Public Sewer

Water Public

Architectural Style Contemporary, Ranch, Traditional

Level or Stories One

Additional Building Shed(s)

New Construction No

Construction Status Fixer,Repairs Cosmetic

Others

Senior Community No

Tax ID 7414014012

Security Features Carbon Monoxide Detector(s),Fire Detection System,Smoke Detector(s)

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Special Listing Condition Standard

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Listed by George Fotion Call Realty 424-722-9136, DRE #00785373

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