1320 N Neptune Avenue, Wilmington, California 90744, Wilmington, 90744 - 0 bed, 0 bath
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Wilmington, California 90744
This Turnkey Duplex represents a Strong Value Opportunity, listed at $689,900—positioned well below the $703,115 Fair Market Value by 2%. This valuation gap offers $13,215 in Instant Equity. Featuring a Turnkey Condition Rating with modern renovations, the property includes private driveways and garages for both units. Located near Top-Rated Schools like Harry Bridges Span, this asset provides immediate rental income and flexibility. It is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to offset mortgage costs.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1320 N Neptune Avenue Subject | $689,900* List Price | 0 | 0 | 1,008 | $698 | - |
A 1412 Ravenna Active | $699,000 List Price | 0 | 0 | 960 | $728 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1924, the property has undergone a recent high-quality renovation within the last 5 years. Interior images show a modern kitchen with white shaker cabinets, stone countertops, and updated fixtures, along with new laminate flooring and fresh paint throughout, making it a turnkey, move-in ready duplex.
Elementary School: Taper Avenue Elementary School (9/10).
This duplex offers immediate cash flow with one tenant-occupied unit and a second recently renovated, move-in-ready unit perfect for an owner-occupant or a new market-rate tenant.
Rare for a multi-family property, each unit features its own private driveway and individual one-car garage, providing ample parking and storage that significantly increases tenant desirability.
With only 1,008 total square feet across two units, the individual living spaces are quite compact, which may limit the appeal for long-term tenants or larger households.
Originally built in 1924, the property may have underlying aging systems typical of the era that require more frequent maintenance compared to newer constructions, despite recent cosmetic renovations.
Excellent Opportunity in the Heart of Wilmington! This updated Duplex features two 1 Bedroom, 1 Bath Units, offering a blend of immediate rental income and owner occupant potential. Both Units has been recently Renovated with modern finishes and is move in ready! While the second unit is tenant occupied, providing built in cash flow from day one! A rare feature is that each unit has its own private driveway and individual 1 Car Garage, providing excellent parking and storage options. The driveways offer ample space and can accommodate multiple vehicles, making this property especially appealing for households with extra cars. Situated on a Spacious Lot with Alley Access, this Property offers flexibility for Investors, or Buyers looking to offset their mortgage with Rental Income. Conveniently located near schools, shopping, dining, major freeways, and the Port of Los Angeles! Don't miss this chance to own a turnkey income producing Property in a centrally located Wilmington Neighborhood!
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades K-5 • 0.3 mi
Grades K-5 • 0.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 1,008 | 1,605 |
| Lot Size | 5,552 | 5,687.5 |
| Price | $689.9K | $866.1K |
| Price per sq ft | $684 | $414 |
| Built year | 1924 | 1951 |
| HOA | $0 | $0 |
| Days on market | 42 | 141 |
Jun 10, 2026
$689,900
Initial Listing
Apr 14, 2015
$288,000
Public Record
Nov 29, 1994
$104,000
Public Record