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$1,000,000

  • Sold
  • Closed
  • Multi-Family
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ADU Development Opportunity - 2plex + 3plex on Adjacent Lots ***Rare opportunity to acquire two properties on two side-by-side APNs with a combined lot size of 11,218 SF zoned LARD1.5, offering significant ADU expansion potential. The site configuration and zoning present the possibility to develop 7+ additional ADUs (buyer to verify with city), making this an attractive value-add and long-term unit expansion play. ***The property currently consists of total 5 units. 2 units are vacant, in rent-ready condition, allowing a buyer to lease at market rents while planning future development. Current rents are $1,424, $915, and $688, with additional income from on-site laundry. Investors benefit from existing cash flow while unlocking substantial upside through ADU development, a rare opportunity to significantly increase density and rental income on a large multifamily lot.

Full Property Details for 720 King

General

  • Sold For: $1,000,000
  • Status: Closed
  • Type: Multi-Family
  • Source: MRMLS
  • MLS ID: SB26048458
  • Added to Site: 81 day(s) ago

Rooms

Other Rooms

  • Laundry: Common Area

Additional Information

  • Pool Description: None

Location

  • Area: 195 - West Wilmington
  • County: Los Angeles
  • Development Name: 195 - West Wilmington
  • Driving Directions: South of Anaheim St

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • # Water Meters: 2
  • # Gas Meters: 6
  • # Electric Meters: 6

Structural Information

  • Entry Location: 1
  • Stories/Levels: One
  • Stories Description: One
  • Square Feet: 2,288
  • Year Built: 1924

Unit Information

Unit 1

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 2

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 3

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 4

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 5

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 1

Lot Features

  • Lot Size (Acres): 0.2575
  • Lot Size Source: Assessor
  • Lot Description: Rectangular Lot, Walking Street

Financial Considerations

  • Price Per Sq. Ft.: $437.06
  • Price Per Unit: 220000

Listed and Sold by Lyon Stahl Investment Real Estate, Inc., Olga Wright

Listing agent

— 720 King —

  • Olga Wright

    Lyon Stahl Investment Real Estate, Inc.

310-801-7373

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Price & Sales History for 720 King

Date
Details
Price
Change
Source
5/13/2026
Sold
$1,000,000
-9.09%
MLS
3/10/2026
Listed
$1,100,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed and Sold by Lyon Stahl Investment Real Estate, Inc., Olga Wright

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720 King, Wilmington, CA 90744 (MLS# SB26048458) is a Multi-Family property that was sold at $1,000,000 on May 13, 2026. Want to learn more about 720 King? 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.