Seller's Agent in 2025
Alice Rodriguez
Keller Williams Realty
(310) 738-2511
4 in this area
72 Total Sales
414 Island Ave Wilmington, CA 90744
4
Beds
4
Baths
2,145
Sq Ft
7,512
Sq Ft Lot
Highlights
- No HOA
- Laundry Room
- 1 Car Garage
- Living Room
- Tile Flooring
- 5-minute walk to Wilmington Recreation Center
About This Home
As of September 2025Charming 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 424 Island SB25145499, 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!
Last Agent to Sell the Property
Keller Williams Realty Brokerage Phone: 310-738-2511 License #01362049 Listed on: 06/28/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,497
Year Built
- Built in 1954
Lot Details
- 7,512 Sq Ft Lot
- Two or More Common Walls
- Density is up to 1 Unit/Acre
Parking
- 1 Car Garage
- Parking Available
- Single Garage Door
Home Design
- Quadruplex
- Entry on the 1st floor
Interior Spaces
- 2,145 Sq Ft Home
- 1-Story Property
- Living Room
- Laundry Room
Flooring
- Carpet
- Laminate
- Tile
Bedrooms and Bathrooms
- 4 Bedrooms
- 4 Bathrooms
Utilities
- Wall Furnace
Listing and Financial Details
- Tenant pays for electricity, gas
- Legal Lot and Block 23 / 1O
- Tax Tract Number 294
- Assessor Parcel Number 7418016016
- $507 per year additional tax assessments
- Seller Considering Concessions
Community Details
Overview
- No Home Owners Association
- 4 Units
Amenities
- Laundry Facilities
Building Details
- 4 Leased Units
- Rent Control
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Gross Income $37,056
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Apr 3, 2017
Sold by
Tegel
Bought by
Tegel
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Interest Rate
4.14%
Purchase Details
Closed on
Dec 30, 2015
Sold by
Hansen Ann Kristin
Bought by
The Hansen Family Trust
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,000
Interest Rate
3.92%
Mortgage Type
New Conventional
Purchase Details
Closed on
Dec 28, 2015
Sold by
Hansen Jarl K
Bought by
Hansen Ann Kristin and Hansen Jarl K
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,000
Interest Rate
3.92%
Mortgage Type
New Conventional
Purchase Details
Closed on
May 24, 2002
Sold by
Aasen Oddvar
Bought by
Aasen Oddvar
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
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | -- | -- | |
| Interfamily Deed Transfer | -- | Nextitle | |
| Interfamily Deed Transfer | -- | Nextitle | |
| Quit Claim Deed | -- | Nextitle | |
| Interfamily Deed Transfer | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | -- | No Value Available | |
| Previous Owner | $225,000 | New Conventional | |
| Previous Owner | $225,000 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/08/2025 09/08/25 | Sold | $550,000 | -19.0% | $256 / Sq Ft |
| 08/08/2025 08/08/25 | For Sale | $679,000 | +23.5% | $317 / Sq Ft |
| 08/01/2025 08/01/25 | Off Market | $550,000 | -- | -- |
| 06/28/2025 06/28/25 | For Sale | $679,000 | -- | $317 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 |
|---|---|---|---|---|
| 2025 | $4,497 | $339,237 | $221,343 | $117,894 |
| 2024 | $4,497 | $332,586 | $217,003 | $115,583 |
| 2023 | $4,418 | $326,066 | $212,749 | $113,317 |
| 2022 | $4,226 | $319,674 | $208,578 | $111,096 |
| 2021 | $4,168 | $313,407 | $204,489 | $108,918 |
| 2019 | $4,052 | $304,114 | $198,425 | $105,689 |
| 2018 | $3,944 | $298,152 | $194,535 | $103,617 |
| 2016 | $1,109 | $64,282 | $24,000 | $40,282 |
| 2015 | $1,098 | $63,317 | $23,640 | $39,677 |
| 2014 | $1,130 | $62,077 | $23,177 | $38,900 |
Source: Public Records
Agents Affiliated with this Home
-
Alice Rodriguez
-
Ruth Bonilla
R
Buyer's Agent in 2025
Ruth Bonilla
Century 21 Jervis & Associates
(562) 307-1977
3 in this area
11 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB25145484
APN: 7418-016-016
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.
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
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