1004 W Lowen, Wilmington, CA 90744
Listed by George Fotion, DRE #00785373 • Call Realty
$672,800
Est. payment /mo
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6,248 Sqft Lot
New

1004 W Lowen Wilmington, CA 90744

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Alex Kononoff

Alex Kononoff

+1(650) 207-5341

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Key Details

Property Type Multi-Family

Sub Type Fourplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID CRPV26199770

Style Contemporary,Ranch,Traditional

Year Built 1956

Lot Size 6,248 Sqft

Property Sub-Type Fourplex

Source California Regional MLS

Property Description

This fourplex is a practical Harbor-area income property with a simple, flexible story: four separate one-bedroom homes on one lot, already producing cash flow, in a neighborhood that lives off one of the largest employment engines on the West Coast. Each unit is a self-contained 1BR/1BA home of roughly 600 square feet. That layout is the point. An investor gets four rent rolls instead of one. An owner-user can live in one unit and let the other three help carry the property. An extended family can give parents, adult children, or siblings their own front door, kitchen, and bath while staying on the same parcel. Parking and a usable lot support everyday living rather than a stacked apartment product. The numbers are straightforward. Current gross of $4,865 per month against $1,222 in expenses (NOTE: $392 is for property management fees and $80 for yard maintenance. Some investors may want to increase the net by a commensurate amount) leaves $3,643 net. That is real monthly cash after operations-not a pro-forma hope. Units of this size in Wilmington have rented in the mid-$1,700s; the income already in place shows demand is not theoretical. Built in 1956 on a 6,248-square-foot lot (zoning LARD1.5), the asset is a classic small multifamily building: manageable scale, four met

Location

State CA

County Los Angeles

Area 195 - West Wilmington

Rooms

Kitchen Other, Oven - Self Cleaning, Oven Range - Gas, Oven Range, Oven - Gas

Interior

Heating 13, Gas, Wall Furnace

Cooling Window / Wall Unit, Central Forced Air - Electric, 9

Flooring Laminate

Laundry In Kitchen, 30, 38, Stacked Only

Exterior

Parking Features Carport , Private / Exclusive, Common Parking Area

Garage Spaces 1.0

Pool 31, None

View None

Roof Type Shingle,Composition

Building

Lot Description Grade - Level, Paved

Story One Story

Foundation Raised, Concrete Perimeter

Water Hot Water, District - Public

Architectural Style Contemporary, Ranch, Traditional

Others

Tax ID 7414014012

Special Listing Condition Not Applicable

MLS Listing IDX PLUS
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Alex Kononoff
Alex Kononoff

Agent License ID: 01387648

+1(650) 207-5341 | alexander.kononoff@exprealty.com

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1004 W Lowen