1046 N Banning Blvd Wilmington, CA 90744
Estimated payment $7,882/month
Highlights
- Fireplace in Kitchen
- Private Yard
- Laundry Room
- Quartz Countertops
- Living Room
- Tankless Water Heater
About This Home
Excellent 4 UNIT Investment With GREAT INCOME!!! Perfect for first-time homeowner or Investor. The front building has TWO 2 BEDROOM/1BATH units and have been renovated. THE REAR building has TWO 2 BEDROOM/ 1BATH units and are new construction ADU's built in 2023. All Kitchens have custom white shaker cabinets with quartz counter tops and includes Refrigerator and Stove.The Laundry Rooms include Double stack Washer & Dryer. New shingle roofs. New PEX Plumbing New Tankless Water Heaters. New Electrical Panels. New Dual Payne Windows.Each unit has its own private patio. The Rear two units have new Solar panels paid in full.Low maintenance.Conveniently located to shopping, freeway access, schools, parks, etc. Don't Miss this opportunity.
Last Listed By
Keller Williams Realty Brokerage Phone: 310-707-7712 License #01790324 Listed on: 06/11/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,442
Year Built
- Built in 1922 | Remodeled
Lot Details
- 4,518 Sq Ft Lot
- 1 Common Wall
- Masonry wall
- Wrought Iron Fence
- Wood Fence
- Private Yard
Home Design
- Quadruplex
- Raised Foundation
- Fire Rated Drywall
- Shingle Roof
- Pre-Cast Concrete Construction
- Stucco
Interior Spaces
- 2,160 Sq Ft Home
- 1-Story Property
- Gas Fireplace
- Panel Doors
- Living Room
- Fire and Smoke Detector
Kitchen
- Gas Range
- Range Hood
- Quartz Countertops
- Fireplace in Kitchen
Flooring
- Tile
- Vinyl
Bedrooms and Bathrooms
- 8 Bedrooms
- 4 Bathrooms
Laundry
- Laundry Room
- Stacked Washer and Dryer
Accessible Home Design
- Doors swing in
- No Interior Steps
Outdoor Features
- Exterior Lighting
- Rain Gutters
Utilities
- Wall Furnace
- Natural Gas Connected
- Tankless Water Heater
- Cable TV Available
Listing and Financial Details
- Tax Lot 4
- Tax Tract Number 1856
- Assessor Parcel Number 7423021006
- $265 per year additional tax assessments
Community Details
Overview
- 2 Buildings
- 4 Units
Building Details
- Rent Control
- 4 Separate Electric Meters
- 2 Separate Gas Meters
- 1 Separate Water Meter
- Gross Income $115,440
- Net Operating Income $115,440
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $7,442 | $598,230 | $416,160 | $182,070 |
| 2023 | $7,299 | $586,500 | $408,000 | $178,500 |
| 2022 | $2,629 | $203,328 | $106,085 | $97,243 |
| 2021 | $2,594 | $199,342 | $104,005 | $95,337 |
| 2019 | $2,520 | $193,431 | $100,921 | $92,510 |
| 2018 | $2,468 | $189,640 | $98,943 | $90,697 |
| 2016 | $2,353 | $182,277 | $95,101 | $87,176 |
| 2015 | $2,320 | $179,540 | $93,673 | $85,867 |
| 2014 | $2,340 | $176,024 | $91,839 | $84,185 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/11/2025 06/11/25 | For Sale | $1,299,900 | -- | $602 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $575,000 | Old Republic Title | |
| Interfamily Deed Transfer | -- | None Available | |
| Warranty Deed | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | First American Title Co |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $431,250 | New Conventional | |
| Previous Owner | $170,000 | New Conventional |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB25131645
APN: 7423-021-006
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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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