1041 King, Wilmington, California 90744, Wilmington, 90744 - 3 bed, 2 bath
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Wilmington, California 90744
This Updated Traditional Residence is a Prime Investment Opportunity, listed at $799,000—positioned well below the $826,001 Fair Market Value by 3%. This valuation gap provides $27,001 in Instant Equity. Maintaining a Good Condition Rating, the property features a 2013 master suite addition with a private balcony and an oversized detached garage with significant ADU Development Potential. Proximity to the 9/10 rated Taper Avenue Elementary ensures long-term desirability. This is an ideal acquisition for Owner-Occupants or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1041 King Subject | $799,000* List Price | 3 | 2 | 1,640 | $504 | - |
A 933 King Avenue Sold | $685,000 | 3 | 2 | 1,156 | $593 | 0.1 mi |
B 1566 N Neptune Sold | $750,000 | 3 | 2 | 1,501 | $500 | 0.9 mi |
C 1607 Ravenna Sold | $760,000 | 4 | 2 | 1,506 | $505 | 0.9 mi |
D 1511 Eudora Ave Sold | $830,000 | 5 | 2 | 1,948 | $426 | 0.7 mi |
E 1043 Lagoon Avenue Sold | $750,000 | 3 | 2 | 1,190 | $630 | 0.5 mi |
F 1056 N Fries Active | $750,000 List Price | 3 | 2 | 1,479 | $507 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property was built in 1929 but underwent an extensive renovation and a second-story addition in 2013. The kitchen and bathrooms feature well-maintained finishes from that era, including granite countertops, wood cabinetry, and updated tile work. Being approximately 11-13 years post-renovation, it is move-in ready and fits the 5-15 year renovation window for a Good rating.
Elementary School: Taper Avenue Elementary School (9/10).
The property features an oversized detached garage on a generous 6,269 sq. ft. lot, providing a prime opportunity to construct an Accessory Dwelling Unit (ADU) for rental income or guest housing.
A significant 2013 second-story addition includes a private master retreat with an en-suite bathroom and a private balcony, offering a contemporary layout rarely found in 1920s-era homes.
Originally built in 1929, the home may have underlying aged systems or structural elements that require more frequent maintenance compared to newer constructions.
Located in Wilmington, the property is positioned in a high-density urban area near industrial hubs, which may affect long-term appreciation rates compared to neighboring coastal South Bay markets.
Rare Wilmington Gem: Spacious Family Home with Master Suite Retreat! Welcome home to 1041 King Ave, where quiet living meets urban convenience. Built in 1929 and extensively updated, this 3-bedroom home offers the space your family needs to grow. Parents will fall in love with the 2013 second-story addition, providing a private master bedroom with its own bathroom and balcony overlooking the yard.Kids and pets have plenty of room to play on the large 6,269 sq. ft. lot, while the "Silent Zone" location ensures peaceful nights. Perfectly positioned for families, you are within walking distance to Gulf Avenue Elementary and just a short drive from local parks and the historic Banning Residence Museum. Don't miss your chance to own a move-in-ready classic in a vibrant, culture-rich pocket of Los Angeles. Build your ADU in an oversized detatched Garage space
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades K-5 • 0.6 mi
Grades K-5 • 0.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,640 | 1,122 | 83% |
| Lot Size | 6,269 | 5,296.5 | 77% |
| Price | $799.0K | $700.0K | 87% |
| Price per sq ft | $487 | $589 | 20% |
| Built year | 1929 | 1948 | 40% |
| HOA | $0 | $0 | 50% |
| Days on market | 2 | 189 | 3% |
Apr 20, 2026
$799,000
Initial Listing