
Wilmington, California 90744
This Turnkey Multi-Unit Property is a High-Potential Investment Opportunity, listed at $975,000—positioned above the $861,609 Fair Market Value. While priced at a premium, the property features a Condition Rating of 2, showcasing extensive recent renovations and a fully detached, permitted ADU. This asset offers significant rental income potential or multi-generational living flexibility. With modern finishes, central HVAC, and proximity to Top-Rated Schools like Taper Avenue Elementary, this is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a move-in-ready, income-generating residence.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1247 N Neptune Avenue Subject | $975,000* List Price | 4 | 3 | 1,204 | $717 | - |
A 1232 W Papeete Sold | $775,000 | 3 | 1 | 1,142 | $679 | 0.5 mi |
B 1218 W Mauretania Sold | $760,000 | 3 | 2 | 1,249 | $608 | 0.5 mi |
C 1138 N Banning Sold | $725,000 | 2 | 1 | 1,005 | $721 | 0.7 mi |
D 1425 Seagrove Sold | $728,000 | 3 | 2 | 1,157 | $629 | 0.8 mi |
E 1217 Cary Avenue Sold | $799,900 | 2 | 1 | 1,056 | $757 | 0.7 mi |
F 1433 N Neptune Active | $749,950 List Price | 2 | 1 | 920 | $815 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property has undergone a comprehensive recent renovation (likely <5 years) featuring a modern kitchen with quartz countertops, updated bathrooms with contemporary tiling, luxury vinyl plank flooring, and new systems including central HVAC. The addition of a modern, detached ADU further confirms the high level of maintenance and recent capital improvement.
Elementary School: Taper Avenue Elementary School (9/10).
The property includes a fully detached, permitted ADU with its own address and private entrance, providing an excellent opportunity for rental income or multi-generational living.
Both the main residence and the ADU have been extensively updated with modern finishes, including quartz countertops, luxury vinyl plank flooring, and recessed lighting, ensuring a move-in-ready experience.
At a list price of $975,000, the property is positioned at the higher end of the Wilmington market, which may challenge appraisal values or limit the buyer pool.
Originally built in 1923, the property may have underlying century-old structural or utility components that require ongoing maintenance despite the recent aesthetic renovations.
Welcome to this beautifully renovated property featuring a charming single-story front home and a completed detached ADU, offering the perfect blend of modern living and investment potential. The front residence offers 3 bedrooms, 2 bathrooms, and approximately 1,204 square feet of updated living space, while the detached ADU features 1 bedroom, 1 bathroom, approximately 550 square feet, with its own private entrance, and a separate address. The front home welcomes you with a gated driveway, spacious front yard, and inviting covered porch. Inside, the open-concept layout is enhanced by luxury vinyl plank flooring, recessed lighting, and a fireplace. The remodeled kitchen features quartz countertops, with plenty of cabinet space. Two secondary bedrooms and a full hallway bathroom provide comfortable accommodations for family and guests, while the private primary suite includes a walk-in closet and beautifully updated en-suite bath. A dedicated laundry room, central air conditioning, and an expansive backyard complete the home. The detached ADU is thoughtfully designed with a private entrance and separate address, offering an open living area, a modern kitchen with quartz countertops, luxury vinyl flooring, recessed lighting, dual-pane windows, central heating, an interior laundry room, and its own yard. Whether you're looking to live in one home and generate rental income from the other, or accommodate extended family, or add a valuable asset to your investment portfolio, this move-in-ready property offers exceptional opportunity.
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades K-5 • 0.2 mi
Grades K-5 • 0.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 2.9 |
| Baths | 3.0 | 1.6 |
| Square foot | 1,204 | 1,215 |
| Lot Size | 6,650 | 6,023.95 |
| Price | $975.0K | $711.1K |
| Price per sq ft | $810 | $598 |
| Built year | 1923 | 1949 |
| HOA | $0 | $0 |
| Days on market | 48 | 51 |
Jul 23, 2026
$975,000
Initial Listing
Nov 4, 2022
$850,000
Public Record
Mar 30, 2004
$349,000
Public Record