$699,000
1412 Ravenna, Wilmington CA 90744
Multi-Family (Duplex)
Property type
60 days
On market
$728
Price per sqft
1 car
Garage
1924
Year built
5,549 sqft
Lot size
Home highlights
Open Houses
Overview
1412–1414 Ravenna Ave – Exceptional opportunity to acquire a remodeled duplex featuring two detached 1-bedroom cottages, each offering approximately 480 square feet of updated living space. This property has been extensively renovated inside and out, making it an ideal investment for buyers seeking strong rental appeal and minimal upfront improvements. Both units showcase...
Listing provided by: Matthew Drenner DRE #01945690, Real Estate Establishment Inc.
Listing updated: Apr 21, 2026 at 04:37pm.
Last checked: Jun 13, 2026 at 07:00am
Source: CRMLS #PW26082482
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 1 | 1 | 0 | — | $2,295 | $2,295 | $2,350 | Unfurnished |
| 1 | 1 | 0 | — | $1,905 | $1,905 | $2,100 | Unfurnished |
# of Buildings: 2
# of Units Total: 2
Separate Electric Meters: 2
Separate Gas Meters: 2
Separate Water Meters: 1
Carpet: 2
Rent Control: Yes
Financial Snapshot
Gross Rent Multiplier
13.9x
List Price / Annual Gross Rent
Cap Rate
4.65%
NOI / List Price
Gross Scheduled Income: $50,400
Operating Expense: $17,640
Net Operating Income: $33,000
Annual Operating Expenses
Gardener: $1,920
Insurance: $2,000
New Taxes: $8,200
Trash: $622
Water / Sewer: $1,767
Interior
Flooring: Carpet, Vinyl
Cooling: None
Heating: Wall Furnace
Laundry: Inside, Laundry Room
Entry Location: Front
Exterior
Property Attached: No
Stories Total: 1
Levels: One
Roof: Flat
Foundation: Raised
Window Features: Double Pane Windows
Common Walls: No Common Walls
Lot Features: Back Yard, Rectangular Lot, Sprinkler System
Pool: None
Water Source: Public
Sewer: Public Sewer
Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Garage and Parking
Garage Spaces: 1
Parking Total: 1
Lot Information
Land Lease: No
Common Interest: None
Parcel #: 7421026012
Additional Parcels: No
Tax Lot: 12
Tax Block: K
Community
HOA: No
HOA Fee: $0
Senior Community: No
Community Features: Curbs, Street Lights