1405 Lagoon Avenue, Wilmington, California 90744, Wilmington, 90744 - bed, bath
1405 Lagoon Avenue
Wilmington, California 90744
Property Price
SUMMARY
Analysis of 1405 Lagoon Avenue, Wilmington, California 90744 is currently available with a list price of $769,900. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Wilmington Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
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and some kitchens, the overall aesthetic and style of the interior spaces, particularly the kitchens and bathrooms, are outdated.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through these updates, fitting the 'Fair' category where major components are functional but show signs of being outdated, and minor updates or repairs are required to modernize.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: Taper Avenue Elementary School (9/10).
- Income-Generating Triplex
The property is a triplex, offering multiple income streams and a strong foundation for a real estate investment portfolio.
- Significant Property Upgrades
Recent improvements include double-pane windows, a newer roof, copper plumbing, and newer wall heaters, reducing immediate maintenance concerns for a buyer.
CONSRISKS & DEFICIENCIES
- Property Age
Built in 1954, the property is 70 years old, which may imply potential for age-related maintenance issues beyond the noted upgrades.
- Limited Unit Configuration
All three units are 1-bedroom, 1-bathroom, which may restrict the tenant pool to singles or couples, limiting family occupancy.
- Restricted Showings
The instruction 'DO NOT DISTURB OCCUPANTS..DRIVE BY ONLY' indicates limited access for potential buyers to conduct thorough interior inspections prior to an offer.
About 1405 Lagoon Avenue
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
Property Details
Public Facts
- Property Type
- Triplex
- Year Built
- 1954
- Lot Size
- 5,550 Sq. Ft.
Interior
- Total Bedrooms
- -
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Wilmington Unified Schools
Fries Avenue Elementary School
Grades K-5 • 0.2 mi
Gulf Avenue Elementary School
Grades K-5 • 0.4 mi
Broad Avenue Elementary School
Grades K-5 • 0.7 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 50% |
| Baths | - | - | 50% |
| Square foot | 1,476 | 1,714.5 | 17% |
| Lot Size | 5,550 | 7,080.5 | 25% |
| Price | $769.9K | $765.0K | 50% |
| Price per sq ft | $522 | $460 | 83% |
| Built year | 1954 | 1954 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 501 | 214 | 0% |
Pricing History
Listed for Sale
Oct 17, 2025
$769,900
$759,000
+1% Price Increase
Initial Listing
Price Change
Oct 21, 2024
$759,000
Initial Listing
Sold
Apr 17, 2002
$185,000
Public Record