Properties
Wilmington, CA 90744 720 King
$1,100,000
17 more
Presented By: Olga Wright with Lyon Stahl Investment Real Estate, Inc.; 310-801-7373
Baths • 1
SQFT • 2,288
Home Details
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 $688, with additional income from on-site laundry.
Investors benefit from existing cash flow while unlocking substantial upside through ADU development, a rare opportunity to significantly increase density and rental income on a large multifamily lot.
Presented By: Olga Wright with Lyon Stahl Investment Real Estate, Inc.; 310-801-7373
Interior Features for 720 King
Other Interior Features
Common WallsNo Common Walls
Laundry FeaturesCommon Area
Total Stories1
Other Rooms
Entry Level1
General for 720 King
Additional Parcels Description7416012007
Additional Parcels Y/NYes
Building Area UnitsSquare Feet
CityWilmington
Community FeaturesStreet Lights, Urban
CountyLos Angeles
DirectionsSouth of Anaheim St
Electric Expense
Entry Location1
Expected Active Date 2026-03-10
Fuel Expense
Garage Spaces
Garage Y/NNo
Gross Income96324
HOANo
HOA Fee$
Insurance Expense2860
Land Lease Y/NNo
LevelsOne
Listing TermsCash to New Loan
Lot Size Square Feet11218
Lot Size UnitsSquare Feet
MLS Area195 - West Wilmington
MaintenanceExpense3000
Net Operating Income68624
New ConstructionNo
Number Of Units Total5
Number of Units Leased3
Operating Expense93434
Pool FeaturesNone
PostalCityWILMINGTON
Property Attached Y/NNo
Property Sub Type AdditionalTriplex
Property SubtypeTriplex
Property TypeResidential Income
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublic Sewer
Special Listing ConditionsStandard
Standard StatusActive Under Contract
StatusActive Under Contract
Stories Count1
Tax Lot13
Taxes$13,750
Tenant PaysElectricity, Gas
Trash Expense0
Water Sewer Expense4000
Year Built1924
Year Built SourceAssessor
Exterior for 720 King
Building Area Total2288
Lot FeaturesRectangular Lot, Walkstreet
Lot Size Acres0.2575
Lot Size Area11218
Lot Size SourceAssessor
Number of Buildings7
Number of Separate Electric Meters6
Number of Separate Gas Meters6
Number of Separate Water Meters2
Private PoolNo
Total Parking0
Water SourcePublic
Additional Details
Price History
Schools
High School
Hubert H Humphrey Middle School
Middle School
N/A
Elementary School
Big Hollow Elementary School
