1435 E Colon St, Wilmington, California 90744, Wilmington, 90744 - 5 bed, 2 bath
ACTIVE$874,800
1435 E Colon St, Wilmington, California 90744
5Beds
2Baths
1,475Sqft
4,743Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Great Schools: Elementary School: Taper Avenue Elementary School (9/10).
Top Cons:
Significant Price Reductions: The property has undergone multiple substantial price drops from its original list price of $1.075M to $874.8K, potentially indicating market resistance or initial overpricing.
Compared to the nearby listings
Price:$874.8K vs avg $793.5K (+$81,300)67%
Size:1,475 sqft vs avg 1,943.5 sqft17%
Price/sqft:$593 vs avg $42183%
More Insights
Built in 1920 (105 years old).
Condition: Despite being built in 1920, the property has undergone a comprehensive and recent 'fully remodeled' renovation. The description explicitly states 'new roof, upgraded plumbing, new HVAC systems, new electrical panels, and new water heaters,' along with 'renovated bathrooms, Kitchens, new flooring throughout, dual-pane windows, and modern finishes.' The images confirm a fresh, modern aesthetic with new laminate flooring, white shaker cabinets, dark countertops, and modern appliances in the kitchen. All major systems and cosmetic elements appear new or virtually new, meeting current quality standards and indicating no deferred maintenance.
Year Built
1920
Close
-
List price
$875K
Original List price
$1.07M
Price/Sqft
$593
HOA
-
Days on market
-
Sold On
-
MLS number
OC25155880
Home ConditionExcellent
Features
Patio
View-
About this home
Discover the potential of this fully remodeled duplex at 1435-1437 E Colon Street, ideally located in the up-and-coming Wilmington neighborhood. This turnkey property offers two spacious units, each updated with renovated bathrooms, Kitchens, new flooring throughout, dual-pane windows, and modern finishes. Major improvements include a new roof, upgraded plumbing, new HVAC systems, new electrical panels, and new water heaters, providing peace of mind and minimal maintenance for years to come. One of the units features gated tandem parking, adding extra security and convenience for tenants — a rare find in the area. The property also offers off-street parking and private outdoor spaces for both units. Close to local schools, parks, shopping centers, and major freeways, this duplex is ideally positioned for stable cash flow and strong rental demand. Don’t miss out — remodeled, income-producing duplexes like this don’t last long. Contact us today to schedule your private showing and secure this solid investment!
Nearby schools
4/10
Wilmington Park Elementary School
Public,•K-5•0.4mi
4/10
Broad Avenue Elementary School
Public,•K-5•1.1mi
4/10
Fries Avenue Elementary School
Public,•K-5•1.2mi
6/10
Gulf Avenue Elementary School
Public,•K-5•1.6mi
3/10
George De La Torre Jr. Elementary School
Public,•K-5•1.6mi
4/10
Hawaiian Avenue Elementary School
Public,•K-5•2.1mi
4/10
Normont Elementary School
Public,•K-5•2.7mi
5/10
Del Amo Elementary School
Public,•K-5•3.0mi
6/10
Harbor City Elementary School
Public,•K-5•3.3mi
9/10
Taper Avenue Elementary School
Public,•K-5•3.7mi
6/10
Eshelman Avenue Elementary School
Public,•K-5•4.0mi
2/10
Barton Hill Elementary School
Public,•K-6•4.0mi
4/10
Frank Del Olmo Elementary School
Public,•K-6•19.6mi
8/10
Harry Bridges Span
Public,•K-8•0.9mi
4/10
Hudson K-8
Public,•K-8•1.6mi
5/10
Wilmington Middle School
Public,•6-8•1.7mi
6/10
Alexander Fleming Middle School
Public,•6-8•3.8mi
7/10
Rudecinda Sepulveda Dodson Middle School
Public,•6-8•4.5mi
4/10
Richard Henry Dana Middle School
Public,•6-8•5.1mi
5/10
Phineas Banning Senior High School
Public,•9-12•0.9mi
3/10
Cabrillo High School
Public,•9-12•1.7mi
5/10
Nathaniel Narbonne Senior High School
Public,•9-12•3.6mi
6/10
San Pedro Senior High School
Public,•9-12•5.2mi
Price History
Date
Event
Price
08/18/20
Sold
$625,000
01/12/18
Sold
$480,000
08/22/06
Sold
$525,000
Condition Rating
Excellent
Despite being built in 1920, the property has undergone a comprehensive and recent 'fully remodeled' renovation. The description explicitly states 'new roof, upgraded plumbing, new HVAC systems, new electrical panels, and new water heaters,' along with 'renovated bathrooms, Kitchens, new flooring throughout, dual-pane windows, and modern finishes.' The images confirm a fresh, modern aesthetic with new laminate flooring, white shaker cabinets, dark countertops, and modern appliances in the kitchen. All major systems and cosmetic elements appear new or virtually new, meeting current quality standards and indicating no deferred maintenance.
Pros & Cons
Pros
Great Schools: Elementary School: Taper Avenue Elementary School (9/10).
Extensive Renovation & Turnkey Condition: The duplex has been fully remodeled with updated bathrooms, kitchens, new flooring, dual-pane windows, and modern finishes, offering a turnkey solution for investors or owner-occupants.
Major System Upgrades: Significant improvements include a new roof, upgraded plumbing, new HVAC systems, new electrical panels, and new water heaters, ensuring minimal maintenance and peace of mind for years.
Income-Producing Investment: As a two-unit duplex, the property is ideally positioned for stable cash flow and strong rental demand in an up-and-coming neighborhood, making it a solid investment.
Convenient Location: Located in the up-and-coming Wilmington neighborhood, it offers easy access to local schools, parks, shopping centers, and major freeways, enhancing tenant appeal.
Ample Parking & Private Outdoor Spaces: The property provides off-street parking, including gated tandem parking for one unit, and private outdoor spaces for both units, a valuable amenity in urban settings.
Cons
Significant Price Reductions: The property has undergone multiple substantial price drops from its original list price of $1.075M to $874.8K, potentially indicating market resistance or initial overpricing.
Age of Property: Built in 1920, despite extensive renovations, the underlying structure is over a century old, which might raise long-term structural or historical maintenance concerns for some buyers.
Up-and-Coming Neighborhood Status: While described as 'up-and-coming,' this implies the area is still in transition and may not yet offer the established amenities or immediate high appreciation potential of more mature markets.