$849,000
UNDER CONTRACT

123 E I St Wilmington, CA 90744

Estimated payment $4,920/month

Total Views 1,556
8 Beds
4 Baths
3,336 Sq Ft
$254 Price per Sq Ft

Highlights

  • All Bedrooms Downstairs
  • Traditional Architecture
  • Tile Countertops
  • City Lights View
  • No HOA
  • 1-minute walk to Wilmington Town Square Park

About This Home

Excellent owner-user or investment opportunity in the heart of Wilmington featuring a 4-unit property comprised of spacious 2-bedroom, 1-bath units with 8 rear parking spaces a rare and valuable feature in the area. Ideal for a buyer looking to occupy one unit while generating rental income from the remaining units. Located just minutes from the rapidly transforming Port of Los Angeles and the exciting waterfront redevelopment projects throughout the San Pedro harbor area, this property offers strong long-term upside potential. Nearby developments including the new West Harbor waterfront destination continue to bring new dining, entertainment, retail, and public improvements to the area. Conveniently situated near major freeways, local employment centers, and the evolving LA Waterfront corridor, this property presents a unique opportunity for an owner-occupant seeking supplemental rental income or an investor looking to add a well-located multi-unit asset in one of the harbor area’s growing communities.

Listing Agent

Vickie McShane

Coastal Financial & Realty, Inc Brokerage Phone: 310 514-0118 License #01293999 Listed on: 05/28/2026

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1973

Lot Details

  • 6,023 Sq Ft Lot
  • 1 Common Wall
  • Wrought Iron Fence
  • Density is 2-5 Units/Acre

Home Design

  • Traditional Architecture
  • Quadruplex
  • Entry on the 1st floor
  • Cosmetic Repairs Needed
  • Raised Foundation
  • Stucco

Interior Spaces

  • 3,336 Sq Ft Home
  • 2-Story Property
  • Sliding Doors
  • City Lights Views
  • Laundry in unit

Kitchen

  • Gas Oven
  • Gas Range
  • Tile Countertops

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 8 Bedrooms
  • All Bedrooms Down
  • 4 Bathrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces
  • Parking Available
  • Tandem Uncovered Parking
  • Paved Parking

Utilities

  • Wall Furnace
  • Phone Connected
  • Cable TV Available

Additional Features

  • Accessible Parking
  • Exterior Lighting

Listing and Financial Details

  • Legal Lot and Block 16 / C
  • Assessor Parcel Number 7423005014

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • Electric Expense $1,200
  • Insurance Expense $1,000
  • Trash Expense $1,200
  • Water Sewer Expense $10,800
  • New Taxes Expense $10,612
  • Operating Expense $25,612
  • Gross Income $66,888
  • Net Operating Income $51,488

Property Details

Home Type

Multi-Family

Year Built

Built in 1973

Lot Details

6,023 Sq Ft Lot

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Alley Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: Yes
  • Water Sewer Expenses: 10800.00
  • Zoning: LAC2
  • Architectural Style: Traditional
  • Property Condition: Repairs Cosmetic
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 7423005014
  • Year Built: 1973
  • Special Features: UnderContract

Interior Features

  • Fireplace: No
  • Interior Amenities: Tile Counters
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Flooring: Tile, Laminate
  • Accessibility Features: Parking
  • Appliances: Yes
  • Door Features: Sliding Doors
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 254.50
  • Room Type: All Bedrooms Down

Exterior Features

  • Foundation: Raised
  • View: City Lights
  • Fence: Yes
  • Fencing: Wrought Iron
  • Pool Private: No
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Parking: Yes
  • Parking Features: Paved, On Site, Tandem Uncovered
  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 8.00

Utilities

  • Utilities: Phone Available, Electricity Connected, Electricity Available, Sewer Available, Water Connected, Cable Connected, Cable Available, Water Available, Natural Gas Connected, Natural Gas Available, Phone Connected, Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Refrigerator, Gas Range, Gas Oven
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Trash Expense: 1200.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Street Lights, Storm Drains, Sidewalks

Lot Info

  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 6023.00
  • Lot Size Acres: 0.1383

Rental Info

  • Tenant Pays: Gas

Multi Family

  • Electric Expense: 1200.00
  • Gross Income: 66888.00
  • Gross Scheduled Income: 64488.00
  • Insurance Expense: 1000.00
  • Laundry Equipment Own Lease: Own
  • Laundry Income: 2400.00
  • Lot Size Area: 6023.0000 Square Feet
  • Net Operating Income: 51488.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Units Total: 4
  • Number With Range: 4
  • Operating Expense: 13000.00
  • Rent Control: Yes
  • Total Actual Rent: 5374.00
  • Total Expenses: 25612.00

Tax Info

  • New Taxes Expense: 10612.00
  • Tax Block: C
  • Tax Census Tract: 2947.01
  • Tax Lot: 16
  • Tax Tract Number: Canal

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $3,855 $272,087 $59,840 $212,247
2024 $3,772 $266,753 $58,667 $208,086
2023 $3,709 $261,523 $57,517 $204,006
2022 $3,553 $256,396 $56,390 $200,006
2021 $3,493 $251,370 $55,285 $196,085
2019 $3,399 $243,917 $53,647 $190,270
2018 $3,274 $239,136 $52,596 $186,540
2016 $3,100 $229,852 $50,554 $179,298
2015 $3,059 $226,400 $49,795 $176,605
2014 $3,096 $221,966 $48,820 $173,146
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
05/28/2026 05/28/26 For Sale $849,000 -- $254 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Type Sale Price Title Company
Deed -- --
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Loan Amount Loan Type
Closed -- No Value Available
Source: Public Records

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB26111113

California Regional Multiple Listing Service (CRMLS)

APN: 7423-005-014

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