801 W F Street, Wilmington, California 90744, Wilmington, 90744 - bed, bath

801 W F Street, Wilmington, California 90744 home-pic-0
ACTIVE$998,000
801 W F Street, Wilmington, California 90744
0Bed
0Bath
3,462Sqft
4,806Lot
Year Built
1963
Close
-
List price
$998K
Original List price
$998K
Price/Sqft
$288
HOA
-
Days on market
-
Sold On
-
MLS number
SB25183018
Home ConditionGood
Features
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $998.0K(83th), sqft - 3462(92th), beds - undefined(50th), baths - undefined(50th).

Positioned on a high-visibility corner in a walkable neighborhood, this four-unit building presents a compelling opportunity for investors seeking stability, upside potential, and minimal immediate maintenance. With key capital improvements already completed—including **new dual-pane windows (2023)** and a **new roof (2024)**—the property is well-positioned for long-term performance. Two of the units have been upgraded with **newer furnaces** and **tankless water heaters**, reducing future replacement costs and enhancing tenant satisfaction. Each unit is notably **light and spacious**, contributing to tenant retention and consistent occupancy. The property includes **four off-street parking spaces**, a valuable amenity in this area, and is located within walking distance of both an **elementary school** and **local shopping**, making it attractive to a broad tenant base. All appliances are tenant-owned, with the exception of Unit 4, minimizing owner responsibility for replacements. **Importantly, the building falls under **Los Angeles City Rent Control (RSO)** guidelines, offering predictable regulatory parameters for long-term planning.This is a turn-key asset with strong fundamentals—ideal for investors looking to hold and benefit from steady cash flow, future appreciation, and a location that supports consistent demand.

Nearby schools

4/10
Hawaiian Avenue Elementary School
Public,K-50.3mi
3/10
George De La Torre Jr. Elementary School
Public,K-50.3mi
6/10
Gulf Avenue Elementary School
Public,K-50.7mi
4/10
Fries Avenue Elementary School
Public,K-50.9mi
4/10
Wilmington Park Elementary School
Public,K-51.6mi
4/10
Normont Elementary School
Public,K-51.7mi
4/10
Broad Avenue Elementary School
Public,K-51.7mi
9/10
Taper Avenue Elementary School
Public,K-51.9mi
6/10
Harbor City Elementary School
Public,K-52.2mi
2/10
Barton Hill Elementary School
Public,K-62.3mi
6/10
Eshelman Avenue Elementary School
Public,K-52.6mi
5/10
Del Amo Elementary School
Public,K-54.4mi
4/10
Frank Del Olmo Elementary School
Public,K-620.5mi
8/10
Harry Bridges Span
Public,K-81.0mi
5/10
Wilmington Middle School
Public,6-81.4mi
6/10
Alexander Fleming Middle School
Public,6-82.6mi
7/10
Rudecinda Sepulveda Dodson Middle School
Public,6-82.7mi
4/10
Hudson K-8
Public,K-83.4mi
4/10
Richard Henry Dana Middle School
Public,6-83.5mi
5/10
Phineas Banning Senior High School
Public,9-121.3mi
5/10
Nathaniel Narbonne Senior High School
Public,9-122.8mi
3/10
Cabrillo High School
Public,9-123.4mi
6/10
San Pedro Senior High School
Public,9-123.6mi

Price History

Date
Event
Price
08/18/25
Listing
$998,000
05/09/18
Sold
$575,000
Condition Rating
Good

Built in 1963, this property has undergone significant recent capital improvements, including a new roof (2024) and new dual-pane windows (2023), which are major system updates within the last 5 years. Additionally, two units feature newer furnaces and tankless water heaters. The exterior appears well-maintained with fresh paint. While there are no interior images to assess kitchen and bathroom conditions, flooring, or light fixtures, the extensive updates to the building's envelope and critical systems make it a 'turn-key asset with minimal immediate maintenance' as described. This places it firmly in the 'Good' category, as major systems are functional and within their expected lifespan, and it's move-in ready from a structural and functional perspective, even if interior aesthetics might be dated.
Pros & Cons

Pros

Significant Capital Upgrades: Recent (2023-2024) installation of new dual-pane windows and a new roof substantially reduces immediate capital expenditure and enhances property value.
Prime Walkable Location: Situated on a high-visibility corner in a walkable neighborhood, offering convenient access to an elementary school and local shopping, attracting a stable tenant base.
Enhanced Unit Amenities: Two units feature newer furnaces and tankless water heaters, alongside all units being light and spacious, contributing to tenant satisfaction and retention.
Valuable Off-Street Parking: The provision of four dedicated off-street parking spaces is a significant draw and amenity in this urban environment.
Minimized Owner Maintenance: Tenant-owned appliances (excluding Unit 4) reduce the owner's ongoing responsibility and replacement costs.

Cons

Rent Control Limitations: Subject to Los Angeles City Rent Control (RSO) guidelines, which, while providing predictability, can restrict significant rent increases and limit upside potential.
Inconsistent Unit Modernization: Only two of the four units have received upgrades to furnaces and water heaters, indicating potential future capital outlays for the remaining units.
Aging Infrastructure Potential: Despite recent major upgrades, the 1963 construction year suggests other core systems (e.g., plumbing, electrical) may be older and could require future maintenance or replacement.

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