1607 N Neptune, Wilmington, California 90744, Wilmington, 90744 - 0 bed, 0 bath
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Wilmington, California 90744
This Residential Income Duplex presents a High-Potential Investment Opportunity with a List Price of $590,000, representing a stable entry point at its $590,000 Fair Market Value. Currently holding a Condition Rating of 5, the asset features a substantial 6,650 sqft lot with significant redevelopment potential for ADU expansion or a complete rebuild. Positioned near the Port of Los Angeles and the high-performing Taper Avenue Elementary School, it provides immediate rental income with tenants in place. This acquisition is ideal for Buy-and-Hold Investors or Developers.
Property is extensive renovation needed.
Built in 1925, this property is marketed as a 'redevelopment opportunity' with the suggestion to 'scrape and build new.' The exterior shows significant aging, the flat roofs appear worn, and the lot is cluttered with debris and non-operational vehicles. The lack of interior photos, combined with an 'as-is' sale and 'do not disturb occupants' instruction, indicates the structures likely require substantial repairs or full rehabilitation to meet modern standards.
Elementary School: Taper Avenue Elementary School (9/10).
The generous 6,650 sqft lot provides significant upside for investors, including the potential to add an ADU or completely redevelop the site to maximize density and ROI.
As a duplex with existing tenants in place, the property offers immediate rental income, providing financial stability while the owner navigates future development plans.
Built in 1925 and sold in as-is condition, the property likely requires substantial capital investment for modernization and structural repairs.
The presence of tenants and strict 'do not disturb' instructions limit the ability to conduct thorough physical inspections prior to an initial offer.
1607 Neptune Ave, Wilmington presents an excellent value-add and redevelopment opportunity in a centrally located neighborhood. This duplex features two separate 1-bedroom, 1-bathroom units, offering immediate income potential with significant upside. The property is ideal for an investor or developer looking to add an ADU, expand the existing footprint, or scrape and build new to maximize the lot’s potential (buyer to verify all zoning and development possibilities with the City of Los Angeles). Conveniently located near major freeways, ports, shopping, and employment centers, this is a rare opportunity to acquire a property with multiple exit strategies in an improving area. Property is being sold AS-IS with Tenants In Place. DO NOT WALK ON PROPERTY. DO NOT DISTURB OCCUPANTS.
No exterior & parking available.
Grades K-5 • 0.5 mi
Grades K-5 • 0.6 mi
Grades K-5 • 0.6 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 | 1,020 | 1,687 | 9% |
| Lot Size | 6,650 | 6,209 | 55% |
| Price | $590.0K | $760.0K | 9% |
| Price per sq ft | $578 | $463 | 82% |
| Built year | 1925 | 1947 | 45% |
| HOA | $0 | $0 | 50% |
| Days on market | 77 | 203 | 9% |
Feb 4, 2026
$590,000
Initial Listing