$1,000,000
SOLD JUL 11, 2025

1131 Lakme Ave Wilmington, CA 90744

8 Beds
6 Baths
4,172 Sq Ft
8,481 Sq Ft Lot

Recently Sold

$240 Per Sq Ft

22% Below List Price

235 Days on Market

About This Home

As of July 2025

This 6-unit apartment building sits on a beautiful tree-lined street in the Historic Banning Park Area in the city of Wilmington. (2) 2 bedroom, 1 bath units and (4) 1 bedroom, 1 bath units with plenty of rental upside. There is gated parking in the back with alley access. This property has great curb appeal with a gorgeous courtyard and a large setback. It is centrally located between the 110 and 710 freeways, and near the San Pedro Waterfront Renovation of Ports O' Call.

Last Agent to Sell the Property

Steven Nimeh

eXp Realty of Greater Los Angeles, Inc. Brokerage Phone: 310-435-5092 License #01313906 Listed on: 10/07/2024

eXp Realty of Greater Los Angeles, Inc.

Co-Listed By

Steve Nimeh

eXp Realty of Greater Los Angeles, Inc. Brokerage Phone: 310-435-5092 License #01984435

Last Buyer's Agent

Steven Nimeh

eXp Realty of Greater Los Angeles, Inc. Brokerage Phone: 310-435-5092 License #01313906 Listed on: 10/07/2024

eXp Realty of Greater Los Angeles, Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1960

Lot Details

  • 8,481 Sq Ft Lot
  • Two or More Common Walls
  • Lawn
  • Front Yard

Parking

  • 6 Parking Spaces

Home Design

  • Apartment

Interior Spaces

  • 4,172 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 6 Bathrooms

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Listing and Financial Details

  • Legal Lot and Block 20 / J
  • Tax Tract Number 55
  • Assessor Parcel Number 7423008020
  • $1,043 per year additional tax assessments

Community Details

Overview

  • 6 Units

Building Details

  • 6 Leased Units
  • Rent Control
  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,440
  • Gardener Expense $1,440
  • Insurance Expense $6,700
  • Maintenance Expense $2,000
  • Other Expense $600
  • Trash Expense $6,000
  • Water Sewer Expense $5,560
  • Operating Expense $24,517
  • Gross Income $79,536
  • Net Operating Income $55,019

Property Details

Home Type

Multi-Family

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Price Per Unit: 212500
  • Property Attached: Yes
  • Water Sewer Expenses: 5560.00
  • Zoning: LAR1
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 1440.00
  • Parcel Number: 7423008020
  • Year Built: 1960
  • Special Features: None

Interior Features

  • Stories: 2
  • Entry Location: 1
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 239.69

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 6.00

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Trash Expense: 6000.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Curbs, Gutters, Sidewalks, Storm Drains, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Lawn
  • Lot Size Sq Ft: 8481.00
  • Lot Size Acres: 0.1947

Multi Family

  • Electric Expense: 1440.00
  • Gross Income: 79536.00
  • Gross Scheduled Income: 79536.00
  • Insurance Expense: 6700.00
  • Lot Size Area: 8481.0000 Square Feet
  • Maintenance Expense: 2000.00
  • Net Operating Income: 55019.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 6
  • Number Of Units Total: 6
  • Operating Expense: 24517.00
  • Other Expense: 600.00
  • Rent Control: Yes
  • Total Expenses: 24517.00

Tax Info

  • Tax Block: J
  • Tax Census Tract: 2946.10
  • Tax Lot: 20
  • Tax Tract Number: 55
  • TaxOtherAnnualAssessmentAmount: 1043.00

Similar Homes in the area

  • 918 McDonald Ave, Los Angeles, CA 90744

    $850,000

    • 5 Beds
    • 5 Baths
    • 3,180 Sq Ft
    • 918 McDonald Ave
    • Los Angeles, CA

    Excellent 5-Unit Investment Opportunity in Prime Wilmington Location!!Welcome to 918 McDonald Avenue, a well-maintained 5 unit multifamily property offering strong rental potential and long-term value. Each of the five units features 1 bedroom 1 bath, with updated finishes and individual charm. Units 1 and 2 have been fully remodeled with modern kitchens, stylish bathrooms, ,and upgraded

    Christina Maciel Del Mar Realty

    Section Image
  • 710 W Anaheim St, Los Angeles, CA 90744

    $1,100,000

    • 8 Beds
    • 6 Baths
    • 6,870 Sq Ft
    • 710 W Anaheim St
    • Los Angeles, CA

    Rare mixed-use investment in Wilmington featuring 6 updated residential units over 2 ground-floor commercial spaces. One retail unit is currently leased to a long-standing flower shop; the other is vacant and ready for a new tenant or repositioning. Property offers stable income, separately metered units, and a newer roof. Zoned LAC2 with great visibility along Anaheim St. Ideal opportunity for

    Arash Salehpour Tosti Incorporated

    Section Image
  • 705 McDonald Ave, Wilmington, CA 90744

    $760,000

    • 6 Beds
    • 3 Baths
    • 2,055 Sq Ft
    • 705 McDonald Ave
    • Wilmington, CA

    LOCATION ,LOCATION,LOCATION. Great Investment Opportunity in the City of Wilmington! This triplex is made up of Units consisting of 2 Bedrooms and 1 Bath for each. The Units are attached and each of them have their own separate Garage Areas and a laundry room accessible to all units. The Building is on a Corner Lot and it has a Very Spacious Driveway, Granting Easy Access to their garage and

    Patricia Malik West Shores Realty, Inc.

    Section Image
  • 801 W F St, Wilmington, CA 90744

    $998,000

    • 8 Beds
    • 4 Baths
    • 3,462 Sq Ft
    • 801 W F St
    • Wilmington, CA

    Positioned on a high-visibility corner in a walkable neighborhood, this four-unit building presents a compelling opportunity for investors seeking stability, upside potential, and minimal immediate maintenance. With key capital improvements already completed—including **new dual-pane windows (2023)** and a **new roof (2024)**—the property is well-positioned for long-term performance.Two of

    Melinda Brock Estate Properties

    Section Image
  • 1437 E Colon St, Los Angeles, CA 90744

    $1,075,000

    • 5 Beds
    • 2 Baths
    • 1,475 Sq Ft
    • 1437 E Colon St
    • Los Angeles, CA

    Prime Investment Opportunity! Discover the potential of this fully remodeled duplex at 1435-1437 E Colon Street, ideally located in the up-and-coming Wilmington neighborhood. This turnkey property offers two spacious units, each updated with renovated bathrooms, Kitchens, new flooring throughout, dual-pane windows, and modern finishes.Major improvements include a new roof, upgraded

    Billy Rosenberg Billy Rosenberg, Broker

    Section Image
  • 712 N Wilmington Blvd, Wilmington, CA 90744

    $875,000

    • 8 Beds
    • 4 Baths
    • 3,192 Sq Ft
    • 712 N Wilmington Blvd
    • Wilmington, CA

    Well-Maintained 4-Plex in High-Demand Wilmington Rental Market...***Excellent unit mix featuring all spacious 2-bedroom, 1-bath units generating $5,164/month in rental income. Property includes an additional room formerly used as a laundry area—now a great opportunity for extra income as rentable storage. Rear parking area offers potential for ADU conversion (buyer to verify). Property is in

    Olga Wright Lyon Stahl Investment Real Estate, Inc.

    Section Image
  • 524 Gulf Ave, Wilmington, CA 90744

    $880,000

    • 5 Beds
    • 3 Baths
    • 2,145 Sq Ft
    • 524 Gulf Ave
    • Wilmington, CA

    Excellent Opportunity to own this one of kind property .Close to Parks, bus station. Close to fwys and shopping center areas. For a for a big family to live in both units.This property features two separate homes on a great lot size of 6209 Sf and a living space of 2,125 Sf. Front home present 2 bedrooms and one bathrooms. Laundry room area. Rear home features 3 bedrooms and 2 complete

    Dina Briones VIP RE Firm

    Section Image
See All Homes in Wilmington

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/11/2025 07/11/25 Sold $1,000,000 -21.6% $240 / Sq Ft
05/30/2025 05/30/25 Pending -- -- --
10/07/2024 10/07/24 For Sale $1,275,000 -- $306 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2025

    Steven Nimeh

    eXp Realty of Greater Los Angeles, Inc.

    (310) 435-5092

    1 in this area

    19 Total Sales

    Steven Nimeh
    Section Image
  • Steve Nimeh

    Seller Co-Listing Agent in 2025

    Steve Nimeh

    eXp Realty of Greater Los Angeles, Inc.

    (310) 543-3536

    1 in this area

    23 Total Sales

    Steve Nimeh
    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB24207821

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Wilmington 90744

1131 Lakme Ave, Wilmington, CA

This home is located at 1131 Lakme Ave, Wilmington, CA 90744 and is currently priced at $1,000,000, approximately $239 per square foot. This property was built in 1960. 1131 Lakme Ave is a home located in Los Angeles County with nearby schools including Harry Bridges Span School, Phineas Banning Senior High School, and Sts. Peter And St. Paul School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

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

Nearby Homes