1742 N Marine, Wilmington, California 90744, Wilmington, 90744 - 0 bed, 0 bath
Loading property details...
Wilmington, California 90744
This Value-Add Multi-Family Asset is listed at $899,777, representing a stable entry into a high-demand rental market. Positioned near its $864,626 Fair Market Value, the property’s primary upside lies in its 4 Detached Garages with significant ADU Conversion Potential. Holding a Condition Rating of 4, the quadruplex features two fully renovated units and two vintage units, offering a strategic blend of immediate cash flow and forced appreciation. Proximity to the 9/10 rated Taper Avenue Elementary and port-related industries ensures consistent tenant demand. This is a strategic acquisition for Buy-and-Hold Investors or Value-Add Developers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1742 N Marine Subject | $899,777* List Price | 0 | 0 | 1,740 | $497 | - |
A 1304 N Fries Sold | $780,000 | 0 | 0 | 1,676 | $465 | 0.7 mi |
B 1207 Bay View Active | $689,000 List Price | 0 | 0 | 1,633 | $422 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
This 1945 quadruplex presents a split condition: while two units have been recently renovated with modern white shaker cabinets and updated flooring, the remaining units and the exterior structures show significant signs of age. The detached garages exhibit peeling stucco and the non-renovated kitchens feature dated wood cabinetry and older appliances. Overall, the property is functional and maintained but requires minor updates and repairs to the older components and exterior to reach a higher quality rating.
Elementary School: Taper Avenue Elementary School (9/10).
The property features four detached one-car garages, providing a significant value-add opportunity to convert these structures into Accessory Dwelling Units (ADUs) to maximize rental yield and property value.
Two of the four units have been recently fully renovated, offering immediate turnkey appeal and allowing the owner to capture market-rate rents without additional upfront capital expenditure.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1740, other record living area = 1820.
Originally constructed in 1945, the property may necessitate higher long-term maintenance costs for its aging structural and mechanical systems, particularly within the two non-renovated units.
The majority of the assigned public schools in the immediate vicinity carry lower performance ratings, which could limit the property's appeal to certain family-oriented tenant demographics.
Welcome to this incredible value in Wilmington , Fantastic investment opportunity in this beautiful residential area composed of mostly beautiful single family homes This well-maintained 4 units feature 4 detached 1 car garages that could easily be converted into ADU's creating strong value-add potential, 2 of the 4 units were recently fully renovated, and and check out the income!!! The area benefits from strong and consistent rental demand driven by port-related industries, logistics, healthcare, and ongoing neighborhood revitalization efforts. With limited housing supply and continued investment in the surrounding community, Wilmington remains well-positioned for long-term rental growth, making this property a solid addition to any multifamily portfolio,
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades K-5 • 0.7 mi
Grades K-5 • 0.9 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 | 1,740 | 1,740 | 50% |
| Lot Size | 6,109 | 6,109 | 50% |
| Price | $899.8K | $780.0K | 73% |
| Price per sq ft | $517 | $463 | 82% |
| Built year | 1945 | 1947 | 45% |
| HOA | $0 | $0 | 50% |
| Days on market | 7 | 203 | 9% |
Apr 15, 2026
$899,777
Initial Listing
Aug 9, 2007
$480,000
Public Record
Apr 3, 2003
$290,000
Public Record