1041 Gulf Ave

Wilmington, CA 90744

$995,000
Price
6
Beds
4
Baths
2,752 Sq. Ft.
$362 / Sq. Ft.
2,752
Sq. Ft.
$362
per Sq. Ft.
a front view of a house with garden
a view of a house with swimming pool patio and a yard
a view of swimming pool with a garden
a front view of house with yard
a kitchen with granite countertop a stove and a sink
a living room with furniture and a window
a white bath tub sitting next to a white sink and vanity
a white toilet sitting next to a bathroom sink
a view of livingroom and window
a view of an empty room and wooden floor
a view of a car parked in front of a house
a view of wooden floor in a room

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....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.
  1. Listed by Joshua Cohen • DRE #01346713 • Brokerage DRE #01227703 • Keller Williams Realty

Property Details for 1041 Gulf Avenue

Zoning
LARD2
Parcel Number
7415029021
Total Units
4.0
Living Area
2752
Source Living Area
Vendor Enhanced
Area
West Wilmington (195)
Vacancy Rate
1
Lot Size Area
7508
LISTING UPDATED: 11/12/2025 01:36 PM

Property Details for 1041 Gulf Avenue

StatusActive
MLS #25609413
Days on Market88
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1961
Lot Size0.17 AC / 7,508 SF
CountyLos Angeles County

Location

Listing Courtesy of Keller Williams Realty, Joshua Cohen, DRE #01346713
Add your commute

Building Information for 1041 Gulf Avenue

Stories2Residences-Year Built1961Building Size-Lot Size0.17 AC / 7,508 SF

Payment Calculator

$5,297 per month

30 year fixed, 6.15% Interest

Principal and Interest

$4,849

Property Taxes

$448

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1041 Gulf Avenue

Community / Development
Community / Development
  • Number Of Units: 4
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: 2
  • Water Heaters: Yes
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $86,927
  • Net Operating Income: $49,813.00
  • Gross Income: $84,585
  • Cap Rate: 5.01%
  • Gross Rent Multiplier: $11.77
  • Total Annual Expense: 37114
Land / Lot Info
Land / Lot Info
  • Additional Parcel Number: No
  • Lot Acreage: 0.1724
  • Lot Size Square Feet: 7508
Parking Details
Parking Details
  • Parking Garage: Uncovered
  • Total Parking: 4
  • Parking Features: Uncovered
Interior Features
Interior Features
  • Levels: Multi/Split
  • Cooling: Window Unit(s)
  • Cooling Type: Window Unit(s)
  • Heating: Forced Air
  • Heating Type: Forced Air
  • Equipment: None
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 10-22-2025
  • Rent Control: Yes
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,065.00
  • Unit Actual Rent: $2,065.00
  • Unit Projected Rent: $2,500.00
  • Like Units: 2
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,456.00
  • Unit Actual Rent: $1,456.00
  • Unit Projected Rent: $1,600.00
  • Like Units: 2
Unit Details
  • Unit Type Type: 2106, 2107

Property History for 1041 Gulf Avenue

DateEvent & SourcePriceAppreciation
Nov 5, 2025

Price Change

CRMLS #25609413

$995,000—
Nov 5, 2025

Price Change

CLAW #25609413

$995,000—
Oct 22, 2025

Listed (Active)

CLAW #25609413

$1,050,000—
Oct 22, 2025

Listed (Active)

CRMLS #25609413

$1,050,000—
Jul 17, 2003

Sold (Public Record)

Public Record #115691890

$285,000—
May 30, 2003

Sold

CRMLS #N341203

$285,000—
May 30, 2003

Sold

CLAW #N341203MR

$285,000—
Apr 19, 2003

Pending

CRMLS #N341203

—
Apr 19, 2003

Pending

CLAW #N341203MR

—
Apr 1, 2003

Listed (Active)

CRMLS #N341203

$299,000—
Apr 1, 2003

Listed (Active)

CLAW #N341203MR

$299,000—
DateEvent & SourcePrice
11/05/2025

Price Change

CRMLS #25609413

$995,000
11/05/2025

Price Change

CLAW #25609413

$995,000
10/22/2025

Listed (Active)

CLAW #25609413

$1,050,000
10/22/2025

Listed (Active)

CRMLS #25609413

$1,050,000
07/17/2003

Sold (Public Record)

Public Record #115691890

$285,000
05/30/2003

Sold

CRMLS #N341203

$285,000
05/30/2003

Sold

CLAW #N341203MR

$285,000
04/19/2003

Pending

CRMLS #N341203

—
04/19/2003

Pending

CLAW #N341203MR

—
04/01/2003

Listed (Active)

CRMLS #N341203

$299,000
04/01/2003

Listed (Active)

CLAW #N341203MR

$299,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1041 Gulf Avenue

Taxable ValueLand$199,041Additions$206,151Total$405,192
Tax Record2025$5,376 ($448 / month)
Home Facts
Total Finished SqFt2,752 SqFtAbove Grade Finished SqFt2,752 SqFtLot Size7,506 SqFtStyleQuadraplexYear Built1961ZoningLARD2CountyLOS ANGELESAPN7415-029-021

Schools near 1041 Gulf Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Gulf Avenue Elementary School
Public - K to 5
Wilmington Mid Sci Tech Engr Arts Math (STEAM) Magnet
Public - 6 to 8
Phineas Banning Senior High School
Public - 9 to 12
Harbor Teacher Preparation Academy
Public - 9 to 12
Rating
School
Distance
Gulf Avenue Elementary School
PublicK to 5

Wilmington Mid Sci Tech Engr Arts Math (STEAM) Magnet
Public6 to 8

Phineas Banning Senior High School
Public9 to 12

Harbor Teacher Preparation Academy
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Similar Sold Homes

Explore Nearby Homes

More information about 1041 Gulf Avenue, Wilmington, CA 90744

1041 Gulf Avenue is a multi-family home for sale in Wilmington, CA 90744. This property was listed for sale on October 22, 2025 by Keller Williams Realty, it's currently listed at $995,000. It has been on the market for a total of 88 days and was last sold on July 17, 2003. This listing's school district is Los Angeles Unified School District. Nearby schools include Gulf Avenue Elementary School, Wilmington Mid Sci Tech Engr Arts Math (STEAM) Magnet and Phineas Banning Senior High School. 1041 Gulf Avenue is a 6-bed, 4-bath, 2,752 sqft multi-family home built in 1961.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Realty, Joshua Cohen, DRE #01346713

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.