720 King
Wilmington, CA 90744
5
Bed
5
Bath
2,288Sqft
11,218Sqft(Lot)
ADU Development Opportunity – 2plex + 3plex on Adjacent Lots ***Rare opportunity to acquire two properties on two side-by-side APNs with a combined lot size of 11,218 SF zoned LARD1.5, offering significant ADU expansion potential. The site configuration and zoning present the possibility to develop 7+ additional ADUs (buyer to verify with city), making this an attractive value-add and long-term unit expansion play. ***The property currently consists of total 5 units. 2 units are vacant, in rent-ready condition, allowing a buyer to lease at market rents while planning future development. Current rents are $1,424, $915, and $688, with additional income from on-site laundry. Investors benefit from existing cash flow while unlocking substantial upside through ADU development, a rare o
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Water/Sewer
Water Source: Public Sewer: Public Sewer
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Building Information
Year Built: 1924 Building Area Total: 2,288 -
Pool Features
NoneLaundry Features
Common Area
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Lot Details
Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.2575 -
Lot Size Source: Assessor Lot Size Square Feet: 11218
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Listing Price Information
Original List Price: 1,100,000 Listing Contract Date: 2026-03-09 -
Lease Information
Listing Agreement: Exclusive Right To Sell
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Tax Information
Parcel Number: 7416012008
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Rental Info
Lease Term: Negotiable Tenant Pays: Electricity,Gas
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Other Property Info
Source Listing Status: Active Under Contract Source Neighborhood: 195 - West Wilmington Directions: South of Anaheim St Source Property Type: Residential Income Area: 195 - West Wilmington Property SubType: Triplex -
Building and Construction
Property Age: 102 Common Walls: No Common Walls Structure Type: Triplex Year Built Source: Assessor Entry Level: 1 Entry Location: 1 Levels or Stories: One Building Total Stories: 1
At $480.77 per sq.ft.,this listing is priced below average compared to other multifamily from Wilmington.
The average multifamily price in Wilmington is $498412.86 with avg. price / sq.ft of $2844.68.
The average multifamily price in Los Angeles County is $540257.14 with avg. price / sq.ft of $3659.00.
How much is this property worth?
Curious about this home's true market value? Use our free Home Evaluation Tool to instantly get a personalized Comparative Market Analysis (CMA) report. Make smarter, data-driven decisions before you buy.
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 | 1,475 SqFt |
| 1339 E M, Wilmington, CA, 90744 | $625,000 | 4 | 2 | 1,546 | 1,546 SqFt |
| 1301 E Pacific Coast, Wilmington, CA, 90744 | $749,900 | 4 | 2 | 1,520 | 1,520 SqFt |
| 832 Mcfarland, Wilmington, CA, 90744 | $1,100,000 | 3 | 2.5 | 2,953 | 2,953 SqFt |
| 1405 Lagoon Avenue, Wilmington, CA, 90744 | $769,900 | 3 | 3 | 1,476 | 1,476 SqFt |
| 1555 Mcdonald Avenue, Wilmington, CA, 90744 | $879,900 | 3 | 2 | 2,161 | 2,161 SqFt |
| 1207 Bay View, Wilmington, CA, 90744 | $689,000 | 2 | 1 | 1,633 | 1,633 SqFt |
| 1306 Gulf Avenue, Wilmington, CA, 90744 | $488,800 | 4 | 2 | 1,470 | 1,470 SqFt |
| 705 Mcdonald Avenue, Wilmington, CA, 90744 | $719,999 | 6 | 3 | 2,055 | 2,055 SqFt |
| 823 W G, Wilmington, CA, 90744 | $1,199,000 | 8 | 8 | 3,377 | 3,377 SqFt |
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ByOwner last updated this listing 04/06/2026 @ 22:02
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