12
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$1,050,000
Est. payment /mo
6 Beds
4 Baths
2,752 SqFt
New
1041 Gulf AVE Wilmington, CA 90744
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Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 2,752 sqft
Price per Sqft $381
MLS Listing ID 25609413
Bedrooms 6
HOA Y/N No
Year Built 1961
Lot Size 7,509 Sqft
Property Description
This upgraded and well-maintained four-unit property is a terrific opportunity for both investors and owner-occupants seeking a clean, income-generating asset in a prime Los Angeles rental corridor. With thoughtful improvements and efficient utility setups, this property is designed to deliver strong returns and long-term value. Each unit is individually metered for gas and electricity, with tenants responsible for their own hot water and trash servicekeeping operating costs low and margins high. Additional RUBS income is collected from two tenants for common area utilities, adding to the property's revenue stream. Recent upgrades include newer fencing along the north side, replaced rear gates, and updated windows. The front one-bedroom, one-bath unit has been fully renovated with a brand-new kitchen and bathroom, offering modern appeal and turnkey readiness. Select units feature washer/dryer hookups, enhancing tenant convenience and rental desirability. The grounds are well-kept, with a manicured lawn that adds curb appeal and pride of ownership. One unit is currently vacant, making this an ideal scenario for an owner-user to occupy the property and potentially qualify for favorable residential financing. This flexibility adds significant value for buyers looking to offset housing costs while building equity through rental income.Located at 1041 Gulf Avenue in Wilmington, the property is just minutes from the Port of Los Angeles, the largest employer in the region, and offers quick access to the 110 Harbor Freeway for seamless commuting. The neighborhood boasts a Walk Score of 67, with nearby access to restaurants, grocery stores, schools, parks, and Harbor College. This location supports strong tenant demand and long-term stability.Whether you're expanding your portfolio or looking for a hybrid investment/homeownership opportunity, this property checks all the boxes.
Location
State CA
County Los Angeles
Area 195 - West Wilmington
Zoning LARD2
Interior
Heating Forced Air
Fireplace No
Exterior
Parking Features Uncovered
Total Parking Spaces 4
Building
Story 2
Entry Level Multi/Split
Level or Stories Multi/Split
New Construction No
Others
Senior Community No
Tax ID 7415029021
Special Listing Condition Standard
Listed by Joshua Cohen Keller Williams Realty
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