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$550,000
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Property Description
Charming 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!
Full Property Details
Full Property Details for 414 Island Ave
General
- Sold For: $550,000
- Status: Closed
- Type: Multi-Family
- Source: MRMLS
- MLS ID: SB25145484
- Added to Site: 204 day(s) ago
Interior
- Rooms/Areas: Kitchen, Living Room
- Fireplace(s): None
- Flooring: Carpet, Laminate, Tile
Rooms
Other Rooms
- Laundry: Community
Additional Information
- Pool Description: None
- Spa Description: None
Parking
- Garage Spaces: 1
- Parking Features: Garage, Garage (Single Door)
- Parking: Garage, Garage (Single Door)
Location
- Area: 196 - East Wilmington
- County: Los Angeles
- Development Name: 196 - East Wilmington
- Driving Directions: Island & D St
Heating & Cooling
- Cooling Type: None
- Heating Type: Wall Furnace
Utilities
- Sewer: Public Sewer
- Water: Public
- # Water Meters: 1
- # Gas Meters: 4
- # Electric Meters: 4
Structural Information
- Entry Location: Front
- Stories/Levels: One
- Stories Description: One
- Square Feet: 2,145
- Year Built: 1954
Lot Features
- Property View: None
- Lot Size (Acres): 0.1725
- Lot Size Source: Assessor
- Zoning: LARD1.5
- Lot Description: 0-1 Unit/Acre
Financial Considerations
- Price Per Sq. Ft.: $256.41
- Price Per Unit: 169750
Disclosures and Reports
- Exclusions: Tenants personal property
Listed by Keller Williams Realty, Alice Rodriguez
Sold by Century 21 Jervis & Associates, Ruth Bonilla
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Schools
Schools serving 414 Island Ave
School District:Los Angeles Unified School District
| Name | Grades | Distance |
|---|---|---|
George De La Torre Jr. Elementary School 500 N. Island Ave., Los Angeles, CA 90744 | PK-5 | 0.1 mi |
Phineas Banning Senior High School 1527 Lakme Ave., Los Angeles, CA 90744 | 9-12 | 1.4 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 414 Island Ave
Date
Details
Price
Change
Source
9/08/2025
Sold
$550,000
-19%
MLS
6/28/2025
Listed
$679,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
414 Island Avenue, Wilmington, CA 90744 (MLS# SB25145484) is a Multi-Family property that was sold at $550,000 on September 08, 2025. Want to learn more about 414 Island Avenue? Do you have questions about finding other Multi-Family real estate for sale in Wilmington? You can browse all Wilmington real estate or contact a Coldwell Banker agent to request more information.

