1207 Bay View, Wilmington, California 90744, Wilmington, 90744 - bed, bath
ACTIVE$689,000$1,633/sqft
1207 Bay View, Wilmington, California 90744
0Bed
0Bath
1,633Sqft
6,649Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Great Schools: Elementary School: Taper Avenue Elementary School (9/10).
Top Cons:
Advanced Age of Construction: Built in 1914, the property is over a century old, which may imply potential for significant capital expenditures for system upgrades, renovations, or deferred maintenance.
Compared to the nearby listings
Price:$689.0K vs avg $765.0K ($-76,000)33%
Size:1,633 sqft vs avg 1,943.5 sqft25%
Price/sqft:$422 vs avg $40450%
More Insights
Built in 1914 (112 years old).
Condition: Built in 1914, this property is over a century old. The listing explicitly states it's a 'value-add opportunity' with units rented at 'less than half of market rates,' indicating substantial rehabilitation is required to bring it to modern standards and command market rents. The property analysis also highlights 'Advanced Age of Construction' as a weakness, suggesting significant capital expenditures for system upgrades and renovations. Exterior images show dated features, older windows, and some wear, with exposed electrical conduit on one unit. Without interior photos, it's highly probable that kitchens, bathrooms, and major systems (electrical, plumbing, HVAC) are significantly outdated and require extensive renovation, aligning with the 'poor' condition criteria.
Year Built
1914
Close
-
List price
$689K
Original List price
$689K
Price/Sqft
$422
HOA
-
Days on market
-
Sold On
-
MLS number
PW26001786
Home ConditionPoor
Features
View-
About this home
This asset consists of two two-bed/one-bath single-family homes on one lot that also offers surface parking. The homes average over 800 square feet and offer tenants the feeling of single-family home living without single-family home pricing, driving rental demand. Both units are currently rented at less than half of market rates, making this offering an excellent value-add opportunity. Wilmington continues to be a desirable rental market due to its proximity to the Ports of Los Angeles and Long Beach, major employment hubs, and convenient access to the 110 and 710 freeways. The area benefits from strong and consistent rental demand driven by port-related industries, logistics, healthcare, and ongoing neighborhood revitalization efforts. With limited housing supply and continued investment in the surrounding community, Wilmington remains well-positioned for long-term rental growth, making this property a solid addition to any residential income portfolio. 1207 Bay View Avenue is offered as part of a Wilmington portfolio sale along with 1144 Blinn Avenue, a 12-unit apartment complex, and 703 West L Street, a triplex. Properties available separately or together.
S
Steven Bogoyevac
Listing Agent
Nearby schools
6/10
Gulf Avenue Elementary School
Public,•K-5•0.1mi
4/10
Fries Avenue Elementary School
Public,•K-5•0.3mi
3/10
George De La Torre Jr. Elementary School
Public,•K-5•0.8mi
4/10
Hawaiian Avenue Elementary School
Public,•K-5•0.9mi
4/10
Broad Avenue Elementary School
Public,•K-5•1.1mi
4/10
Normont Elementary School
Public,•K-5•1.4mi
4/10
Wilmington Park Elementary School
Public,•K-5•1.4mi
6/10
Harbor City Elementary School
Public,•K-5•1.9mi
9/10
Taper Avenue Elementary School
Public,•K-5•2.4mi
6/10
Eshelman Avenue Elementary School
Public,•K-5•2.5mi
2/10
Barton Hill Elementary School
Public,•K-6•3.0mi
5/10
Del Amo Elementary School
Public,•K-5•3.8mi
4/10
Frank Del Olmo Elementary School
Public,•K-6•19.8mi
8/10
Harry Bridges Span
Public,•K-8•0.5mi
5/10
Wilmington Middle School
Public,•6-8•0.7mi
6/10
Alexander Fleming Middle School
Public,•6-8•2.4mi
7/10
Rudecinda Sepulveda Dodson Middle School
Public,•6-8•3.0mi
4/10
Hudson K-8
Public,•K-8•3.1mi
4/10
Richard Henry Dana Middle School
Public,•6-8•4.1mi
5/10
Phineas Banning Senior High School
Public,•9-12•0.8mi
5/10
Nathaniel Narbonne Senior High School
Public,•9-12•2.4mi
3/10
Cabrillo High School
Public,•9-12•3.2mi
6/10
San Pedro Senior High School
Public,•9-12•4.2mi
Condition Rating
Poor
Built in 1914, this property is over a century old. The listing explicitly states it's a 'value-add opportunity' with units rented at 'less than half of market rates,' indicating substantial rehabilitation is required to bring it to modern standards and command market rents. The property analysis also highlights 'Advanced Age of Construction' as a weakness, suggesting significant capital expenditures for system upgrades and renovations. Exterior images show dated features, older windows, and some wear, with exposed electrical conduit on one unit. Without interior photos, it's highly probable that kitchens, bathrooms, and major systems (electrical, plumbing, HVAC) are significantly outdated and require extensive renovation, aligning with the 'poor' condition criteria.
Pros & Cons
Pros
Great Schools: Elementary School: Taper Avenue Elementary School (9/10).
Significant Value-Add Potential: The property's units are currently rented at less than half of market rates, presenting a substantial opportunity for investors to increase rental income and property value through rent adjustments.
Robust Rental Market & Demand: Located in Wilmington, a desirable rental market with strong and consistent demand driven by its strategic proximity to major employment hubs like the Ports of Los Angeles and Long Beach, logistics, and healthcare industries.
Multi-Unit Income Property: Consists of two independent 2-bedroom/1-bathroom single-family homes on one lot, offering diversified income streams and appealing to tenants seeking a single-family home living experience.
Long-Term Market Growth: The Wilmington area benefits from limited housing supply and ongoing community investment and revitalization efforts, positioning the property for sustained rental growth over time.
Excellent Accessibility: Provides convenient access to major freeways (110 and 710), enhancing tenant convenience and connectivity to the wider Los Angeles metropolitan area.
Cons
Advanced Age of Construction: Built in 1914, the property is over a century old, which may imply potential for significant capital expenditures for system upgrades, renovations, or deferred maintenance.
Current Below-Market Rents: While an opportunity, the existing low rental rates mean immediate cash flow is suppressed and requires active management (e.g., tenant turnover or negotiation) to realize market potential.
Compact Unit Footprint: Each of the two homes averages just over 800 square feet, which might be considered compact for a 2-bedroom layout, potentially limiting the tenant pool or future resale value compared to larger units.