1004 W Lowen , Wilmington, CA 90744
$672,800
Est. Payment: $3,563.59/mo
4 Bed
0 Bath
2000 Sqft
Status: Active | Days on site: 6
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House 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 $1,222 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.

Highlights

Listed by George Fotion , 424-722-9136 Call Realty , 310-378-2268. CRMLS/Multi-Regional MLS mls logo

Property Type

Multi-Family

Lot/Acreage
0.14

Year Built

1956

County

Los Angeles

Area

195 - West Wilmington

Listing ID

PV26199770

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:4
  • Bathrooms:0
  • Full Bathrooms:
Appliances:6 Burner Stove, Electric Range, Free-Standing Range, Gas Cooktop, Gas Oven, Gas Range, Gas Water Heater, Self Cleaning Oven, Water Heater
Air Cond:Electric,Wall/Window Unit(s),Zoned
Fireplaces:
Floor:Laminate,Tile,Vinyl
Other:
  • Additional:Ceiling Fan(s), Granite Counters, Laminate Counters, Tile Counters, Unfurnished, All Bedrooms Down, Bedroom on Main Level, Main Level Primary
Water:Public

Exterior Features

Lot:2-5 Units/Acre,Back Yard,Corner Lot,Front Yard,Sprinklers In Rear,Sprinklers In Front,Lawn,Landscaped,Paved,Rectangular Lot,Sprinklers Timer,Sprinkler System,Street Level,Yard,No Land Lease
Garage Capacity:1
Roof:Composition,Shingle
Others:
  • Additional:Fixer, Repairs Cosmetic, Frame, Glass, Hardboard, HardiPlank Type, Plaster, Stucco, 2+ Total Units
Sewer:Public Sewer
Parking Features:Carport,On Site,Private
Principal Interest
$3,564
Taxes
$429

Home Price

$672,800

Loan Details

30 yrs
6.952%

Down Payment

20%
$134,560
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$3,563.59

Principal

Taxes

Principal Taxes HOA Total
Monthly $3,563.59 $428.91 $0.00 $3,992.50
Yearly $42,763.08 $5,146.92 $0.00 $47,910.00
Total $1,282,892.38 $154,407.60 $0.00 $1,437,299.98

Today's Rates

30 Year

6.95%

20 Year

6.73%

15 Year

6.35%

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Market insight data is pulled from the same city as the listing being viewed (Wilmington, CA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Based on information from California Regional Multiple Listing Service, Inc. 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. 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, 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. All properties are subject to prior sale, change or withdrawal.

IDX service by Blueroof 360

Data last updated: 2026-09-23T09:06:11.000Z

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