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1041 Gulf Ave
Off-Market Call for Pricing
Call for Pricing
- 6 Bedrooms
- 4.00 Bathrooms
- 2,752 Sq Ft
- 7,508 Sq Ft
Description
This upgraded and well-maintained four-unit property is a terrific opportunity for both investors and owner-occupants seeking a clean, income-generating asset in a prime Los Angeles rental corridor. With thoughtful improvements and efficient utility setups, this property is designed to deliver strong returns and long-term value. Each unit is individually metered for gas and electricity, with tenants responsible for their own hot water and trash servicekeeping operating costs low and margins high. Additional RUBS income is collected from two tenants for common area utilities, adding to the property's revenue stream. Recent upgrades include newer fencing along the north side, replaced rear gates, and updated windows. The front one-bedroom, one-bath unit has been fully renovated with a brand-new kitchen and bathroom, offering modern appeal and turnkey readiness. Select units feature washer/dryer hookups, enhancing tenant convenience and rental desirability. The grounds are well-kept, with a manicured lawn that adds curb appeal and pride of ownership. One unit is currently vacant, making this an ideal scenario for an owner-user to occupy the property and potentially qualify for favorable residential financing. This flexibility adds significant value for buyers looking to offset housing costs while building equity through rental income.Located at 1041 Gulf Avenue in Wilmington, the property is just minutes from the Port of Los Angeles, the largest employer in the region, and offers quick access to the 110 Harbor Freeway for seamless commuting. The neighborhood boasts a Walk Score of 67, with nearby access to restaurants, grocery stores, schools, parks, and Harbor College. This location supports strong tenant demand and long-term stability.Whether you're expanding your portfolio or looking for a hybrid investment/homeownership opportunity, this property checks all the boxes.
Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $995,000 |
| Property Type | Fourplex (4-units) |
| Usable Sqft | 2,752 |
| Number of Stories | 2 stories |
| Parking Spots | 0 spots |
| Year Built | 1961 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 7415029021 |
| MLS # | 25609413 |
| Property ID | 322286033 |
| Lot Sqft | 7,508 |
| Zoning | LARD2 |
| Total Units | 4 |
| Days on Market | 104 |
| Original List Price | $1,050,000 |
| Date Updated | February 03, 2026 |
| Date Created | October 22, 2025 |
| Unit # | Beds | Baths | Current Rent | Proforma Rent |
| Unit #1 | 2 | 1.00 | $2,065 | $2,500 |
| Unit #2 | 1 | 1.00 | $1,456 | $1,600 |
| Gross Income (Yr) | $ 86,927 |
| Operating Expenses | $ 37,114 |
| Net Income (Yr) | $ 49,813 |
| Cap Rate | 5.01% |
Listing Provided By
Joshua Cohen an agent of . Lic #01346713
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Robert Crawford
REAL ESTATE AGENT