1405 Lagoon Avenue, Wilmington, California 90744, Wilmington, 90744 - 0 bed, 0 bath
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Wilmington, California 90744
This Income-Generating Triplex is listed at $769,900, representing a stable entry into the Wilmington rental market near its $735,434 Fair Market Value. Carrying a Condition Rating of 4, the property features essential functional updates including a newer roof, copper plumbing, and double-pane windows, providing a solid foundation for interior modernization. Each unit offers a 1-bed, 1-bath configuration with a private garage on a generous 5,550 Sq. Ft. Lot. Located near the 9/10 rated Taper Avenue Elementary, this asset is positioned for consistent tenant demand. It is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1405 Lagoon Avenue Subject | $769,900* List Price | 0 | 0 | 1,476 | $498 | - |
A 1304 N Fries Sold | $780,000 | 0 | 0 | 1,676 | $465 | 0.2 mi |
B 1011 N Wilmington Boulevard Sold | $807,000 | 0 | 0 | 1,742 | $463 | 0.7 mi |
C 1207 Bay View Active | $689,000 List Price | 0 | 0 | 1,633 | $422 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1954, this triplex has received significant functional updates including a newer roof, copper plumbing, newer wall heaters, and double-pane windows, which prevent it from being rated 'Poor'. However, the interior images reveal dated kitchens (one with older tile counters, the other with basic granite and older cabinets/appliances) and bathrooms with older fixtures and tiling. While laminate flooring is present in living areas and some kitchens, the overall aesthetic and style of the interior spaces, particularly the kitchens and bathrooms, are outdated. The property is aged but maintained through these updates, fitting the 'Fair' category where major components are functional but show signs of being outdated, and minor updates or repairs are required to modernize.
Elementary School: Taper Avenue Elementary School (9/10).
The property is a triplex, offering multiple income streams and a strong foundation for a real estate investment portfolio.
Recent improvements include double-pane windows, a newer roof, copper plumbing, and newer wall heaters, reducing immediate maintenance concerns for a buyer.
Built in 1954, the property is 70 years old, which may imply potential for age-related maintenance issues beyond the noted upgrades.
All three units are 1-bedroom, 1-bathroom, which may restrict the tenant pool to singles or couples, limiting family occupancy.
The instruction 'DO NOT DISTURB OCCUPANTS..DRIVE BY ONLY' indicates limited access for potential buyers to conduct thorough interior inspections prior to an offer.
Welcome to this charming TRIPLEX located at 1405 Lagoon Ave in Wilmington, CA. Each unit consists of 1 bed 1 bath w/garage and an ample 5,500 square foot lot. Property boasts, double pane windows, newer roof, copper plumbing, newer wall heaters, laminate flooring in all 3 kitchens. Units 1407 and 1409 kitchens w/granite counters. Conveniently located to churches, groceries, parks, schools, frwy's and transportation, making this TRIPLEX GEM a great start or additon to your real estate portfolio. DO NOT DISTURB OCCUPANTS..DRIVE BY ONLY
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades K-5 • 0.4 mi
Grades K-5 • 0.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 1,476 | 1,687 | 18% |
| Lot Size | 5,550 | 5,670 | 45% |
| Price | $769.9K | $769.9K | 50% |
| Price per sq ft | $522 | $463 | 82% |
| Built year | 1954 | 1953 | 64% |
| HOA | $0 | $0 | 50% |
| Days on market | 548 | 216 | 0% |
Oct 17, 2025
$769,900
$759,000
+1% Price Increase
Initial Listing
Oct 21, 2024
$759,000
Initial Listing
Apr 17, 2002
$185,000
Public Record