1004 W Lowen, Wilmington, CA, 90744

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$672,800
23 Days On Site

1004 W Lowen
Wilmington, CA 90744

For Sale|Quadruplex|Active Under Contract
0
Beds
0
Total Baths
2,000
SqFt
$336
/SqFt
1956
Built
County:
Los Angeles
Listed by George Fotion of Call Realty george.fotion@homeispalosverdes.com
Call Now: 951-203-4426
Is this the listing for you? We can help make it yours.
951-203-4426
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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 $1,222 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.

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Listing Snapshot
Price 
$672,800
Days On Site 
23 Days
Bedrooms 
N/A
Inside Area (SqFt) 
2,000 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.1434 Acres
Year Built 
1956
MLS® Number 
PV26199770
Status 
Active Under Contract
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
2 weeks agoStatus changed to Active Under Contract
2 weeks agoListing updated with changes from the MLS®
3 weeks agoListing first seen on site
General Features
Acres 
0.1434
Disclosures 
CityInspectionRequiredRentControl
Foundation 
Concrete PerimeterRaised
Garage 
Yes
Garage Spaces 
1
Land Lease 
No
Levels 
One
Number Of Stories 
1
Parking 
CarportOn SitePrivate
Parking Spaces 
1
Property Condition 
Fixer
Property Sub Type 
Quadruplex
Security 
Carbon Monoxide Detector(s)Smoke Detector(s)
Sewer 
Public Sewer
Special Circumstances 
Standard
SqFt Total 
2000
Style 
ContemporaryRanchTraditional
Utilities 
Electricity AvailableNatural Gas AvailableNatural Gas ConnectedSewer AvailableSewer ConnectedWater AvailableWater Connected
Water Source 
Public
Interior Features
Appliances 
Electric RangeFree-Standing RangeGas CooktopGas OvenGas RangeGas Water HeaterSelf Cleaning OvenWater HeaterWasher/Dryer Stacked
Cooling 
ElectricWall/Window Unit(s)Zoned
Fireplace Features 
None
Flooring 
LaminateTileVinyl
Furnished 
Unfurnished
Heating 
Natural GasWall FurnaceZoned
Interior 
Ceiling Fan(s)Granite CountersLaminate CountersTile CountersMaster Downstairs
Laundry Features 
Washer HookupElectric Dryer HookupGas Dryer HookupIn Kitchen
Window Features 
Double Pane WindowsInsulated WindowsScreens
Bedroom 
CenterHall 
Kitchen 
Laundry 
Living Room 
Master Bedroom 
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Exterior Features
Construction Details 
FrameGlassHardiPlank TypePlasterStucco
Fencing 
Chain LinkWood
Lot Features 
Back YardCorner LotFront YardSprinklers In RearSprinklers In FrontLandscapedPavedRectangular Lot
Other Structures 
Shed(s)
Pool Features 
None
Road Frontage 
City Street
Roof 
CompositionShingle
Spa Features 
None
View 
None
Waterview 
None
Windows/Doors 
Double Pane WindowsInsulated WindowsScreens
Community Features
Accessibility Features 
Accessible DoorsAccessible Hallway(s)
Community Features 
Street LightsSuburban
MLS Area 
195 - West Wilmington
Financing Terms Available 
Cash
Building Access 
1
Roads 
Paved


This information 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. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Neighborhood & Commute
Source: Walkscore
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
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