720 King, Wilmington, CA 90744

About this triplex

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.

Listing description from the May 2026 sale, as reported to CRMLS.

Sale history

$1,000,000

Sold May 2026 · listed $1,100,000, on market March 2026 · MLS #SB26048458 · Source: CRMLS

Listing Agent: Olga Wright · Listing Office: Lyon Stahl Investment Real Estate, Inc. · Contact: 310-801-7373 · Bought with: Olga Wright · Lyon Stahl Investment Real Estate, Inc.

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