1627 Broad Avenue, Wilmington, California 90744, Wilmington, 90744 - bed, bath
ACTIVE$819,000
1627 Broad Avenue, Wilmington, California 90744
0Bed
0Bath
1,764Sqft
5,227Lot
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:
Property Age: Built in 1945, the property may entail higher maintenance costs for older systems and potentially lack modern energy efficiencies compared to newer constructions.
Compared to the nearby listings
Price:$819.0K vs avg $793.5K (+$25,500)67%
Size:1,764 sqft vs avg 1,954.5 sqft50%
Price/sqft:$464 vs avg $42167%
More Insights
Built in 1945 (80 years old).
Condition: Built in 1945, the property shows signs of regular upkeep but features dated kitchens and bathrooms. The kitchens have older cabinet styles (some possibly painted), dated mosaic backsplashes, and a mix of older and newer appliances. Bathrooms feature speckled granite countertops and tile work that, while clean, are not contemporary in style. Flooring is a mix of dark hardwood and older-style tiles. The property is functional and livable but would require cosmetic updates to meet modern aesthetic standards, aligning with the 'fair' condition criteria.
Year Built
1945
Close
-
List price
$819K
Original List price
$839K
Price/Sqft
$464
HOA
-
Days on market
-
Sold On
-
MLS number
DW25162288
Home ConditionFair
Features
Patio
View-
About this home
Unlock the potential of this outstanding duplex, ideally situated near schools, parks, dining, grocery stores, and a wealth of local amenities. This income-generating property features two well-maintained residences: a spacious 3-bedroom, 2-bathroom single-family home at the front, and a charming 1-bedroom, 1-bathroom unit at the rear—complete with its own private backyard. Whether you're looking to live in one unit and rent the other, or fully lease both for maximum return, this flexible property offers immediate earning potential. Adding even more value is a detached 2-car garage, offering an excellent opportunity for a future ADU (Accessory Dwelling Unit) conversion—perfect for increasing both rental income and property value. The extended driveway accommodates up to four vehicles, and with the home located just three houses from the corner, ample street parking is also readily available.Don’t miss your chance to own this centrally located, income-producing gem with built-in value-add opportunities.
Nearby schools
4/10
Broad Avenue Elementary School
Public,•K-5•0.3mi
4/10
Fries Avenue Elementary School
Public,•K-5•0.6mi
6/10
Gulf Avenue Elementary School
Public,•K-5•0.9mi
4/10
Wilmington Park Elementary School
Public,•K-5•1.2mi
3/10
George De La Torre Jr. Elementary School
Public,•K-5•1.5mi
4/10
Hawaiian Avenue Elementary School
Public,•K-5•1.6mi
4/10
Normont Elementary School
Public,•K-5•1.8mi
6/10
Harbor City Elementary School
Public,•K-5•2.4mi
5/10
Del Amo Elementary School
Public,•K-5•3.0mi
6/10
Eshelman Avenue Elementary School
Public,•K-5•3.1mi
9/10
Taper Avenue Elementary School
Public,•K-5•3.2mi
2/10
Barton Hill Elementary School
Public,•K-6•3.7mi
4/10
Frank Del Olmo Elementary School
Public,•K-6•19.2mi
8/10
Harry Bridges Span
Public,•K-8•0.6mi
5/10
Wilmington Middle School
Public,•6-8•0.7mi
4/10
Hudson K-8
Public,•K-8•2.5mi
6/10
Alexander Fleming Middle School
Public,•6-8•2.9mi
7/10
Rudecinda Sepulveda Dodson Middle School
Public,•6-8•3.8mi
4/10
Richard Henry Dana Middle School
Public,•6-8•4.9mi
5/10
Phineas Banning Senior High School
Public,•9-12•0.2mi
5/10
Nathaniel Narbonne Senior High School
Public,•9-12•2.6mi
3/10
Cabrillo High School
Public,•9-12•2.7mi
6/10
San Pedro Senior High School
Public,•9-12•5.0mi
Price History
Date
Event
Price
03/12/21
Sold
$703,000
08/02/10
Sold
$270,000
10/19/04
Sold
$359,000
Condition Rating
Fair
Built in 1945, the property shows signs of regular upkeep but features dated kitchens and bathrooms. The kitchens have older cabinet styles (some possibly painted), dated mosaic backsplashes, and a mix of older and newer appliances. Bathrooms feature speckled granite countertops and tile work that, while clean, are not contemporary in style. Flooring is a mix of dark hardwood and older-style tiles. The property is functional and livable but would require cosmetic updates to meet modern aesthetic standards, aligning with the 'fair' condition criteria.
Pros & Cons
Pros
Great Schools: Elementary School: Taper Avenue Elementary School (9/10).
Income-Generating Duplex: This property is an established income-generating duplex with two distinct residences (3-bed/2-bath and 1-bed/1-bath), offering immediate rental potential.
ADU Conversion Potential: A detached 2-car garage provides an excellent opportunity for a future ADU conversion, significantly increasing rental income and overall property value.
Prime Location & Amenities: Ideally situated near schools, parks, dining, grocery stores, and a wealth of local amenities, enhancing desirability for both tenants and owners.
Ample Parking: The property boasts an extended driveway accommodating up to four vehicles, complemented by readily available street parking, a valuable asset in urban areas.
Flexible Investment Opportunity: Offers versatile options for owner-occupancy with rental income or full investment, appealing to a broad spectrum of buyers seeking immediate earning potential.
Cons
Property Age: Built in 1945, the property may entail higher maintenance costs for older systems and potentially lack modern energy efficiencies compared to newer constructions.
Lack of Scenic Views: The property description explicitly states 'None' for views, which could be a drawback for buyers prioritizing aesthetic or panoramic surroundings.
Recent Price Reductions: Multiple price reductions from the original listing price may indicate initial overpricing or slower market absorption, potentially affecting perceived value.