Homes for sale - 1041 Gulf AVE, Wilmington, CA 90744

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Mella Hajian

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$995,000

Est. payment - /mo

6 Beds

4 Baths

2,752 SqFt

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UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 2,752 sqft

Price per Sqft $361

MLS Listing ID 25609413

Bedrooms 6

HOA Y/N No

Year Built 1961

Lot Size 7,509 Sqft

Property Description

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.

Location

State CA

County Los Angeles

Area 195 - West Wilmington

Zoning LARD2

Interior

Heating Forced Air

Fireplace No

Exterior

Parking Features Uncovered

Total Parking Spaces 4

Building

Story 2

Entry Level Multi/Split

Level or Stories Multi/Split

New Construction No

Others

Senior Community No

Tax ID 7415029021

Special Listing Condition Standard

Read Less Info

Listed by Joshua Cohen Keller Williams Realty

Nearby Locations

SCHOOLSPROPERTIES

Elementary Schools 20

8

John Adams Elementary School

Public | KG - 5
8

Park Western Place Elementary

Public | PK - 5
8

Taper Avenue Elementary

Public | KG - 5
8

232nd Place Elementary

Public | KG - 5
7

Harry Bridges Span School

Public | KG - 8
6

Eshelman Avenue Elementary School

Public | 1 - 5
6

Catskill Avenue Elementary School

Public | KG - 5
5

Harbor City Elementary School

Public | KG - 5
5

Bandini Street Elementary

Public | KG - 6
5

Caroldale Learning Community

Public | KG - 8
5

Gulf Avenue Elementary

Public | KG - 5
5

Broad Avenue Elementary School

Public | PK - 5
5

Bonita Street Elementary

Public | KG - 5
4

Crestwood Street Elementary

Public | KG - 5
4

President Avenue Elementary School

Public | 1 - 6
4

Meyler Street Elementary

Public | KG - 5
4

Normont Elementary

Public | KG - 5
4

Dolores Street Elementary

Public | KG - 5
4

Fries Avenue Elementary

Public | KG - 5
3

7th Street School

Public | KG - 5

Middle Schools 7

8

Dodson Middle School

Public | 6 - 8
6

J. H. Hull Middle School

Public | 6 - 8
6

Fleming Middle School

Public | 6 - 8
5

White Middle School

Public | 6 - 8
4

Wilmington STEAM Magnet

Public | 6 - 8
0

Rolling Hills Preparatory School

Private | 6 - 12
0

William J. Johnston Community Day

Public | 7 - 12

High Schools 11

9

Harbor Teacher Preparation Academy

Public | 9 - 12
8

Port of los Angeles High School

Public | 9 - 12
7

Carson Academy of Medical Arts High School

Public | 9 - 12
6

Academies of Education & Empowerment at Carson High School

Public | 9 - 12
5

Humanities & Arts (HArts) Academy of Los Angeles

Public | 9 - 12
5

Narbonne High School

Public | 9 - 12
4

Carson High STEAM School

Public | 9 - 12
4

Phineas Banning High School

Public | 9 - 12
0

George S. Patton Continuation

Public | 9 - 12
0

Eagle Tree Continuation

Public | 9 - 12
0

Avalon High School

Public | 9 - 12

School and business data provided by Attom Data.

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4465 Willshire Blvd. Ste. 104, Los Angeles, California, 90068, USA

1041 Gulf AVE Wilmington, CA 90744