1041 Gulf Avenue, Wilmington, CA 90744
Local realty services provided by:ERA North Orange County Real Estate
1041 Gulf Avenue,Wilmington, CA 90744
$995,000
- 6 Beds
- 4 Baths
- 2,752 sq. ft.
- Multi-family
- Active
Listed by: joshua cohen
Office: keller williams realty
MLS#:25609413
Source:CRMLS
Price summary
- Price:$995,000
- Price per sq. ft.:$361.56
About this home
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.
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Home facts
- Year built:1961
- Listing ID #:25609413
- Added:57 day(s) ago
- Updated:December 18, 2025 at 02:28 PM
Rooms and interior
- Bedrooms:6
- Total bathrooms:4
- Living area:2,752 sq. ft.
Heating and cooling
- Heating:Forced Air
Structure and exterior
- Year built:1961
- Building area:2,752 sq. ft.
- Lot area:0.17 Acres
Finances and disclosures
- Price:$995,000
- Price per sq. ft.:$361.56
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