1138 N Banning, Wilmington, California 90744, Wilmington, 90744 - 2 bed, 1 bath
1138 N Banning
Wilmington, California 90744
Property Price
SUMMARY
Analysis of 1138 N Banning, Wilmington, California 90744 reveals a Prime Investment Opportunity with a current list price of $725,000—significantly undercutting the $758,454 Fair Market Value by 4%. This valuation gap indicates a +$33,454 Instant Equity potential for buyers. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Wilmington Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1138 N Banning Subject | $725,000* List Price | 2 | 1 | 1,005 | $755 | - |
A 914 E O Street Sold | $700,000 | 3 | 1 | 1,075 | $651 | 0.6 mi |
B 1125 Dominguez Sold | $650,000 | 2 | 1 | 816 | $797 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
The property has undergone an extensive recent renovation including a brand-new kitchen with quartz countertops and new appliances, a fully remodeled bathroom with new tile and tub, new flooring throughout, a new electrical panel, and fresh interior and exterior paint. Despite the 1928 build year, the comprehensive updates to all major components and surfaces meet the criteria for excellent condition.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: Taper Avenue Elementary School (9/10).
- Extensive Modern Renovations
The property is move-in ready featuring a new kitchen with quartz countertops, new appliances, updated flooring, a new electrical panel, and a fully remodeled bathroom.
- Private Pool Amenity
As a dedicated pool home on a 5,703 sqft lot, this property offers a rare outdoor lifestyle feature that adds significant value and appeal within this price point.
CONSRISKS & DEFICIENCIES
- Recently Sold Property
The property was recently sold within the past year on 2025-09-24. The sold price is $500,000.00.
- Compact Living Area
With only 2 bedrooms, 1 bathroom, and 1,005 square feet of living space, the home's small footprint may limit its appeal to larger families or those needing extra room.
- Century-Old Structure
Originally built in 1928, the property may require ongoing maintenance associated with older homes, despite the recent cosmetic and electrical upgrades.
About 1138 N Banning
Beautifully Remodeled Pool home in Great location near Banning Museum. New Kitchen with Quartz counters, New Appliances, New flooring, New Electrical panel, New paint inside and out, Remodeled Bath with new tub and Title.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1928
- Lot Size
- 5,703 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Wilmington Unified Schools
Fries Avenue Elementary School
Grades K-5 • 0.5 mi
Wilmington Park Elementary School
Grades K-5 • 0.7 mi
Gulf Avenue Elementary School
Grades K-5 • 0.8 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 34% |
| Baths | 1.0 | 2.0 | 47% |
| Square foot | 1,005 | 1,095 | 38% |
| Lot Size | 5,703 | 5,171 | 78% |
| Price | $725.0K | $687.5K | 66% |
| Price per sq ft | $721 | $557 | 84% |
| Built year | 1928 | 1948 | 44% |
| HOA | $0 | $0 | 50% |
| Days on market | 6 | 189 | 3% |
Pricing History
Listed for Sale
Feb 28, 2026
$725,000
Initial Listing
Sold
Sep 24, 2025
$500,000
Public Record