Active Under Contract

1004 W Lowen

Wilmington, CA 90744

$672,800 $2,836/Mo

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Overview

Bed

Bath

6,248

Sqft(Lot)

Description

This fourplex is a practical Harbor-area income property with a simple, flexible story: four separate one-bedroom homes on one lot, already producing cash flow, in a neighborhood that lives off one of the largest employment engines on the West Coast. Each unit is a self-contained 1BR/1BA home of roughly 600 square feet. That layout is the point. An investor gets four rent rolls instead of one. An owner-user can live in one unit and let the other three help carry the property. An extended family can give parents, adult children, or siblings their own front door, kitchen, and bath while staying on the same parcel. Parking and a usable lot support everyday living rather than a stacked apartment product. The numbers are straightforward. Current gross of $4,865 per month against $1,22 2 in expenses (NOTE: $392 is for property management fees and $80 for yard maintenance. Some investors may want to increase the net by a commensurate amount, and approx 750/mo for water & sewer) leaves $3,643 net. That is real monthly cash after operations—not a pro-forma hope. Units of this size in Wilmington have rented in the mid-$1,700s; the income already in place shows demand is not theoretical. Built in 1956 on a 6,248-square-foot lot (zoning LARD1.5), the asset is a classic small multifamily building: manageable scale, four meters of opportunity, and room on the lot that many downtown fourplexes simply do not have. Wilmington is a working harbor community, not a resort zip. That is an advantage for this buyer profile. The Ports of Los Angeles and Long Beach sit minutes away and support logistics, warehousing, trades, and shift work that need nearby housing. The 110, 405, and 710, plus Pacific Coast Highway, put jobs, shopping, and the rest of the South Bay within a normal commute. Ken Malloy Harbor Regional Park, Wilmington Waterfront Park, Banning Recreation Center, and Los Angeles Harbor College give residents parks, recreation, and a community-college campus without leaving the Harbor area. Avalon Boulevard and PCH handle daily errands. Compared with Palos Verdes and the Beach Cities, entry pricing here is still more approachable, which is why 1BR product stays rented. This is not a trophy listing. It is a four-door cash-flow building in a job-rich, renter-heavy pocket of the Harbor—useful for an investor who wants income now, an owner-occupant who wants three units to help pay the note, or a family that wants four independent homes on one piece of ground.

Property Details

Property Type : ResidentialIncome

Price : $672,800

AD Id : 91288936

MLS Id : PV26199770

Beds : 4

Lot Size : 6,248 Sq. Ft

Year Built : 1956

Garage : 1

County : Los Angeles

Map

What's Nearby

Nearby Areas

Features

Interior Features

CeilingFans, GraniteCounters, LaminateCounters, TileCounters, Unfurnished, AllBedroomsDown, BedroomOnMainLevel, MainLevelPrimary

Roof: Composition, Shingle

Appliances: SixBurnerStove, ElectricRange, FreeStandingRange, GasCooktop, GasOven, GasRange, GasWaterHeater, SelfCleaningOven, WaterHeater

Laundry Features: WasherHookup, ElectricDryerHookup, GasDryerHookup, InKitchen, Stacked

Window Features: DoublePaneWindows, InsulatedWindows, Screens
Heating & Cooling

Has Heating: Yes Heating: NaturalGas, WallFurnace, Zoned Has Cooling: Yes Cooling: Electric, WallWindowUnits, Zoned

Building Information

Year Built: 1956

Building Area Total: 2000

Construction Materials: Frame, Glass, Hardboard, HardiplankType, Plaster, Stucco

Stories: 1

Pool Features: None

Private Pool: No

View: None

Lot Information

Main Square Feet: 6248 Lot Size Acres: 0.1434 Lot Size Source: Assessor Lot Size Square Feet: 6,248 Lot Description: TwoToFiveUnitsAcre,BackYard,CornerLot,FrontYard,SprinklersInRear,SprinklersInFront,Lawn,Landscaped,Paved,RectangularLot,SprinklersTimer,SprinklerSystem,StreetLevel,Yard

Listing Price Information

Listing Price: $672800

Cash, CashToNewLoan

Tax Information

Parcel Number: 7414014012 Tax Lot: 12 Tax Block: 5

Virtual Tour

Virtual Tour (External Link)

Parking Information

Parking Total: 1 Carport, OnSite, Private

Garage Information

Has Garage: Yes Garage Space: 1

Utility Information

ElectricityAvailable, NaturalGasAvailable, NaturalGasConnected, SewerAvailable, SewerConnected, WaterAvailable, WaterConnected, OverheadUtilities
Location Information

Direction: west on Lowen from Wilmington Blvd or east from Frigate WaterSource: Public Security Features: CarbonMonoxideDetectors,FireDetectionSystem,SmokeDetectors

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
1435 1437 E Colon St, Wilmington, CA, 90744	$874,800	5	2	1,475	4,743 Sq. Ft
1627 Broad Avenue, Wilmington, CA, 90744	$794,000	4	3	--	5,227 Sq. Ft
127 E N Street, Wilmington, CA, 90744	$1,100,000	5	2	2,500	7,891 Sq. Ft
127 E N Street, Wilmington, CA, 90744	$1,100,000	5	2	--	7,891 Sq. Ft
1405 Lagoon Avenue, Wilmington, CA, 90744	$745,000	3	3	1,476	5,550 Sq. Ft
1412 Ravenna, Wilmington, CA, 90744	$699,000	2	--	960	5,549 Sq. Ft
324 W Opp, Wilmington, CA, 90744	$1,580,000	4	10	--	8,195 Sq. Ft
1320 N Neptune Avenue, Wilmington, CA, 90744	$669,900	2	2	--	5,552 Sq. Ft
1722 N Wilmington, Wilmington, CA, 90744	$795,000	6	3	--	5,368 Sq. Ft
1302 N Wilmington Boule.., Wilmington, CA, 90744	$699,000	2	3	--	6,125 Sq. Ft

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ByOwner last updated this listing 10/08/2026 @ 21:10

MLS: PV26199770 LISTED BY: George Fotion, Call Realty 310-378-2268 SOURCE: CRMLS