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$679,000

424 Island Ave Wilmington, CA 90744

0.2 acres
Multi-Family

Property details

About 424 Island Ave

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 414 Island SB25145484, 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!

Highlights

Home typeQuadruplex
HeatingWall Furnace
StatusActive
Lot size0.1725 Acres
Year built1954
ParkingGarage
MLS #SB25145499
Garage4 spaces

Summary

  • Flooring Type: Carpet, Laminate
  • Fireplace: None
  • Garage Space: 4 spaces
  • Private Pool: No
  • Parking: Garage
  • Heating: Wall Furnace
  • Cooling: None
  • List Price: $679,000
  • HOA Amount: $0
  • Annual Tax Amount: $4,490
  • Tax Year: 2024
  • Directions: Island & D St
  • Year Built: 1954
  • Stories: 1
  • Lot Size: 0.1725 Acres
  • MLS Number: SB25145499
  • MLS Name: CRMLS
  • Office Name: Keller Williams Realty
  • Office Phone: (310) 738-2511
  • Listing Agent: Alice Rodriguez

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 7/1/2025, 11:45:33 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Price information

Property sales

We're sorry, we currently don't have property sales data for this listing.

Tax history

YearAssessmentProperty Tax
2024$332,069$4,490
2023$325,559$4,411
2022$319,177$4,220
2021$312,920$4,161
2020$309,713$4,046
2019$303,641$3,938
2018$297,688$3,856
2017$291,852$3,856

History based on county public records data.

Nearby schools

4

George De La Torre Jr. Elementary School

Public District PK-5

0.1 mi

500 Island Ave

4

Hawaiian Avenue Elementary & Magnet Center

Public District KG-5

0.6 mi

540 Hawaiian Ave

4

Gulf Avenue Elementary

Public District KG-5

0.9 mi

828 W L St

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $34,694. The majority of Wilmington, CA residents have income less than $<35k annually. Residents typically live in single, no kids family. Most residents in this area have high school diploma education.

How much money do the neighbors make?

50%
<35k
37%
35k-100k
12%
100k-200k
1%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree

What types of families live nearby?

36%
Single, No Kids
16%
Single, with Kids
20%
Married, No Kids
28%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

18%
<11 yrs old
10%
12-17 yrs old
27%
18-34 yrs old
35%
35-64 yrs old
10%
65+ yrs old

What do the neighbors do for fun?

  • Pro BoxingPro Boxing
  • Mexican League SoccerMexican League Soccer
  • Major League Soccer (MLS)Major League Soccer (MLS)

Where do the neighbors shop?

  • H&MH&M
  • Ross Dress For LessRoss Dress For Less
  • Foot LockerFoot Locker

Where do the neighbors go to eat?

  • Boston MarketBoston Market
  • Jack In The BoxJack In The Box
  • Little CaesarsLittle Caesars

What do the neighbors drive?

  • HondaHonda
  • NissanNissan
  • DodgeDodge

What do the neighbors listen to?

  • Rhythmic Contemporary HitsRhythmic Contemporary Hits
  • Urban Adult ContemporaryUrban Adult Contemporary
All data provided by Home Junction and Claritas

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Frequently asked questions

About 424 Island Ave

The listing price of 424 Island Ave property is $679,000.

The property 424 Island Ave is a multi located in Wilmington, California, 90744.

Active Listing: 424 Island Ave is For Sale (Active/New) which means the seller is accepting offers.

The nearby schools for 424 Island Ave are: George De La Torre Jr. Elementary School (GreatSchools Rating 4/10), Hawaiian Avenue Elementary & Magnet Center (GreatSchools Rating 4/10), Gulf Avenue Elementary (GreatSchools Rating 4/10), Harry Bridges Span School (GreatSchools Rating 5/10), Wilmington STEAM Magnet (GreatSchools Rating 4/10), Scholarship Preparatory - South Bay (GreatSchools Rating 4/10), Dr. Richard A. Vladovic Harbor Teacher Preparation Academy (GreatSchools Rating 10/10), Dan M. Issacs Avalon High School (GreatSchools Rating 2/10), Phineas Banning High School (GreatSchools Rating 5/10).

According to the records, the last property tax for 2024 is $4,490 (source: MLS/based on county public records data).

The year of construction for 424 Island Ave is 1954.

This home is located at 424 Island Ave in Wilmington, CA and zip code 90744 in the Wilmington neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since June 29, 2025 and is currently priced at $679,000.

While more than 282 listings in Wilmington, CA in June 2025 were sold above asking price, there were more than 108 listings sold at asking price, and more than 339 were sold below. Between May and June 2025, Wilmington, CA real estate market has seen increase in the number of listings by 9%. While the average time on the market in June 2025 was 34 days, the median list price was $876,067.

From Rocket Homes Real Estate and based on county public records data.

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