1511 E O Street, Wilmington, California 90744, Wilmington, 90744 - 3 bed, 2 bath
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1511 E O Street
Wilmington, California 90744
ACTIVE
CONDITION: POOR
3Beds
2Baths
1,261Sq Ft
5,315Lot Size
Property Price
LIST PRICE$700,000
EST. MARKET VALUE
$639,174
9% AboveMARKET VALUE
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $700,000—positioned above the $639,174 Fair Market Value by 9%. While the property requires significant rehabilitation due to its Poor Condition Rating, the Multi-Unit Potential—including a garage conversion and detached rear unit—offers substantial rental income upside. Located near Top-Rated Schools like Taper Avenue Elementary, this asset is ideal for Buy-and-Hold Investors or Contractors capable of addressing deferred maintenance and code compliance to maximize long-term value.
Estimated Market Value
$639,174
Based on Realkey algorithm analyzing recent comparable sales in Wilmington.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1511 E O Street Subject | $700,000* List Price | 3 | 2 | 1,261 | $507 | - |
A 1418 E Mauretania Street Sold | $650,000 | 3 | 1 | 1,104 | $589 | 0.2 mi |
B 507 E Proctor Sold | $760,000 | 3 | 2 | 1,674 | $454 | 0.7 mi |
C 1323 E Robidoux Active Under Contract | $650,000 List Price | 3 | 2 | 1,178 | $552 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1954 (70 years old) and explicitly listed as needing TLC. The property includes multiple unpermitted conversions (garage and back unit) which typically indicate potential safety, electrical, and structural defects. While the living room shows some minor updates like laminate flooring, the overall age and the requirement for significant rehabilitation to address the 'TLC' mentioned in the description categorize this as poor condition.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: Taper Avenue Elementary School (9/10).
- Multi-Unit Potential
The property features a garage converted into a second unit and an additional detached unit in the back, offering significant rental income potential or multi-generational living options.
- Versatile Living Space
Although officially recorded as a 3-bedroom home, the current configuration utilizes the space as a 5-bedroom residence, providing ample room for large families or high-occupancy needs.
CONSRISKS & DEFICIENCIES
- Deferred Maintenance
The property is explicitly noted as needing 'TLC,' suggesting that buyers will need to budget for significant repairs, upgrades, and general modernization.
- Potential Permitting Issues
The use of the garage and rear structure as additional living units may not align with official city records, which could complicate traditional financing or lead to future code compliance requirements.
About 1511 E O Street
First Time HomeBuyer, Needs TLC property is a 3 bedroom 2 Bathrooms but is used as 5 Bedroom 2 bathroom garage used as a second unit with its own bathroom, it has an extra unit in the back of the proerty uses as a 1 bedroom 1 bath. Seller will leave sheds in back yard.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1954
- Lot Size
- 5,315 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Wilmington Unified Schools
Wilmington Park Elementary School
Grades K-5 • 0.5 mi
4/10
Broad Avenue Elementary School
Grades K-5 • 1.1 mi
4/10
Fries Avenue Elementary School
Grades K-5 • 1.2 mi
4/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 2.9 |
| Baths | 2.0 | 1.6 |
| Square foot | 1,261 | 1,215 |
| Lot Size | 5,315 | 6,023.95 |
| Price | $700.0K | $711.1K |
| Price per sq ft | $555 | $598 |
| Built year | 1954 | 1949 |
| HOA | $0 | $0 |
| Days on market | 11 | 51 |
Pricing History
Listed for Sale
Aug 29, 2026
$700,000
Initial Listing
Sold
Dec 26, 2008
$250,000
Public Record
Sold
Aug 4, 2005
$430,000
Public Record
Sold
Aug 14, 2001
$169,000
Public Record