
Wilmington, California 90744
This Mixed-Use Triplex presents a High-Potential Investment Opportunity with a List Price of $699,000—positioned well below the $733,873 Fair Market Value by 4%. This valuation gap offers $34,873 in Instant Equity for the savvy buyer. Featuring a Condition Rating of 5, the property requires significant modernization, yet its C1.5 Zoning and versatile layout provide immense redevelopment potential. This asset is ideal for Buy-and-Hold Investors or Developers seeking to capitalize on the high-visibility location near the Port of Los Angeles.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1302 N Wilmington Boulevard Subject | $699,000* List Price | 0 | 0 | 2,964 | $248 | - |
A 1052 N Wilmington Boulevard Active | $780,000 List Price | 0 | 0 | 2,609 | $299 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1956 with no recorded renovations, this property is over 65 years old. The listing explicitly highlights it as a 'redevelopment opportunity,' and the exterior images show significant weathering and dated materials, indicating that the kitchens, bathrooms, and core systems likely require a full rehab to meet modern standards.
Elementary School: Taper Avenue Elementary School (9/10).
The property features a unique layout with commercial frontage on Wilmington Blvd and separate residential units at the rear, offering diverse income streams or an ideal live-work setup for an owner-user.
Zoned C1.5 in the City of Los Angeles, the lot provides significant flexibility for commercial, mixed-use, or residential redevelopment, allowing investors to maximize the site's highest and best use.
Built in 1956, the structures may require significant capital improvements or modernization of major systems to meet current building codes and tenant expectations.
Operating a mixed-use triplex with dual street access and different addresses requires more intensive management, specialized insurance, and knowledge of both commercial and residential leasing regulations.
Unique mixed-use opportunity in the City of Wilmington featuring commercial frontage at 1302 Wilmington Blvd and residential units in the rear with their own address at 921 W. M Street. This versatile property offers flexibility for an owner-user, investor, or potential redevelopment opportunity. The front structure provides excellent visibility and frontage along Wilmington Blvd, while the rear of the property offers separate residential living with its own access. The rear property (921 W. M Street) includes one additional unit plus a 2-bedroom, 1-bath single-family home, along with a 2-car garage. The property is located within the City of Los Angeles and zoned C1.5, which may allow for commercial, mixed-use, or residential development opportunities (buyer to verify with the City of Los Angeles). Conveniently located near the Port of Los Angeles, major transportation corridors, and local amenities. A great opportunity for investors, developers, or business owners looking for a mixed-use property with strong potential.
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades K-5 • 0.5 mi
Grades K-5 • 0.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 3.0 |
| Baths | 0.0 | 2.0 |
| Square foot | 2,964 | 2,559 |
| Lot Size | 6,125 | 6,275.667 |
| Price | $699.0K | $812.1K |
| Price per sq ft | $236 | $381 |
| Built year | 1956 | 1956 |
| HOA | $0 | $0 |
| Days on market | 29 | 132 |
Aug 11, 2026
$699,000
Initial Listing
Apr 5, 2005
$480,000
Public Record