720 King, Wilmington, CA 90744

Wilmington
Local realty services provided by:Nelson Shelton Real Estate ERA Powered
720 King,Wilmington, CA 90744
$1,100,000
  • - Beds
  • - Baths
  • 2,288 sq. ft.
  • Multi-family
  • Active
Listed by: olga wright
Office: lyon stahl investment real estate, inc.
MLS#:SB26048458
Source:CRMLS

Price summary

  • Price:$1,100,000
  • Price per sq. ft.:$480.77

About this home

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.

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Home facts

  • Year built:1924
  • Listing ID #:SB26048458
  • Added:2 day(s) ago
  • Updated:March 12, 2026 at 05:30 PM

Rooms and interior

  • Living area:2,288 sq. ft.

Structure and exterior

  • Year built:1924
  • Building area:2,288 sq. ft.
  • Lot area:0.26 Acres
  • Lot Features:Rectangular Lot, Walkstreet
  • Levels:1 Story

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$1,100,000
  • Price per sq. ft.:$480.77
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