Rocio Ortegon
Keller Williams Palos Verdes
(424) 328-6725
55 Total Sales
5 in Wilmington
$577K - $910K Price Range
844 King Ave Los Angeles, CA 90744
Wilmington Area
16
Beds
8
Baths
5,376
Sq Ft
7,011
Sq Ft Lot
Highlights
- No HOA
- Laundry Room
- Wall Furnace
About This Home
As of February 2025For the first time in over 20 years, this exceptional 8-unit property in Wilmington is available for sale! Situated on a generous 7,011-square-foot lot, the building comprises eight 2-bedroom, 1-bathroom units, each approximately 672 square feet, totaling 5,376 square feet of rentable living space. This property offers convenient community laundry facilities and an open parking lot for tenants, ensuring ample parking space.
Fully occupied and generating consistent rental income, each tenant pays for their own gas and electricity, while the owner covers water and trash expenses. Properties of this caliber, especially with long-standing tenant occupancy, are rare in Wilmington’s competitive market. This is a prime investment opportunity that won’t last long!
Last Agent to Sell the Property
Keller Williams License #01127097 Listed on: 11/07/2024
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Property Details
Home Type
- Multi-Family
Year Built
- Built in 1960
Lot Details
- 7,011 Sq Ft Lot
- Two or More Common Walls
- Density is 6-10 Units/Acre
Home Design
- Apartment
- Entry on the 1st floor
- Composition Roof
- Stucco
Interior Spaces
- 5,376 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 16 Bedrooms
- 8 Bathrooms
Laundry
- Laundry Room
- Leased Washer and Dryer
Parking
- 8 Open Parking Spaces
- 8 Parking Spaces
Utilities
- Wall Furnace
- Natural Gas Connected
Listing and Financial Details
- Tenant pays for electricity, gas
- Legal Lot and Block 1 / C
- Tax Tract Number 294
- Assessor Parcel Number 7416013001
- Seller Considering Concessions
Community Details
Overview
- No Home Owners Association
- 8 Units
Amenities
- Laundry Facilities
Building Details
- 8 Leased Units
- Rent Control
- 8 Separate Electric Meters
- 8 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $4,699
- Maintenance Expense $2,467
- Other Expense $15,431
- Pest Control $300
- New Taxes Expense $18,350
- Operating Expense $41,862
- Gross Income $124,548
- Net Operating Income $85,086
Ownership 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
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 7, 2024
Closed on
Jan 15, 2025
Sold by
Bought by
Seller's Agent
Sophia De La Vara
Keller Williams
Buyer's Agent
Sophia De La Vara
Keller Williams
List Price
$1,568,000
Sold Price
$1,248,000
Premium/Discount to List
-$320,000
-20.41%
Views
34
Purchase Details
Closed on
Sep 5, 2006
Sold by
Bought by
Purchase Details
Closed on
Oct 12, 2000
Sold by
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Los Angeles, CA
-
Rocio Ortegon
-
Patricia Ramirez
Patricia Ramirez
Century 21 Allstars
(562) 526-0839
55 Total Sales
1 in Wilmington
$610,000 Price
-
Daniel Avendano
Daniel Avendano
Century 21 Allstars
(424) 360-2126
46 Total Sales
2 in Wilmington
$510,000 Price Range
-
Kevin Da Silva
Kevin Da Silva
eXp Realty of Greater Los Angeles, Inc.
(424) 372-0894
98 Total Sales
1 in Wilmington
$676,500 Price
-
James Zappulla
James Zappulla
Keller Williams Realty
(424) 434-4721
27 Total Sales
1 in Wilmington
$700,000 Price
-
Robert Paez
Robert Paez
PAEZ REALTY COMPANY
(909) 347-5160
123 Total Sales
1 in Wilmington
$149,000 Price
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 | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $1,248,000 | Wfg National Title | ||
| -- | None Available | ||
| -- | -- |
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 |
|---|---|---|---|---|
| 02/06/2025 02/06/25 | Sold | $1,248,000 | -15.0% | $232 / Sq Ft |
| 01/13/2025 01/13/25 | Pending | -- | -- | -- |
| 01/03/2025 01/03/25 | Price Changed | $1,468,000 | -6.4% | $273 / Sq Ft |
| 11/07/2024 11/07/24 | For Sale | $1,568,000 | -- | $292 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
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 | $5,098 | $324,148 | $173,926 | $150,222 |
| 2024 | $4,985 | $317,793 | $170,516 | $147,277 |
| 2023 | $4,909 | $311,563 | $167,173 | $144,390 |
| 2022 | $4,722 | $305,455 | $163,896 | $141,559 |
| 2021 | $4,641 | $299,467 | $160,683 | $138,784 |
| 2019 | $4,528 | $290,786 | $155,918 | $134,868 |
| 2018 | $4,385 | $285,089 | $152,861 | $132,228 |
| 2016 | $4,112 | $273,828 | $146,926 | $126,902 |
| 2015 | $4,074 | $269,716 | $144,720 | $124,996 |
| 2014 | $4,140 | $264,434 | $141,886 | $122,548 |
Source: Public Records
Agents Affiliated with this Home
-
Sophia De La Vara
Seller's Agent in 2025
Sophia De La Vara
Keller Williams
(562) 755-9650
115 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: TR24226690
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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