24412 Broad, Wilmington, California 90744, Wilmington, 90744 - 2 bed, 1 bath
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Wilmington, California 90744
This property presents a High-Potential Investment Opportunity with a List Price of $499,000—positioned well below the $513,649 Fair Market Value by 2%. This valuation gap offers $14,649 in Instant Equity. Featuring a Granite Kitchen and a Versatile Bonus Space (converted garage), the home has a Condition Rating of 4, requiring cosmetic updates. Located near the Port of Los Angeles, this is a strategic acquisition ideal for Buy-and-Hold Investors or first-time buyers seeking long-term value.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 24412 Broad Subject | $499,000* List Price | 2 | 1 | 835 | $615 | - |
A 24506 Albatross Sold | $510,000 | 2 | 1 | 818 | $623 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1955, the home features a kitchen update with granite countertops that appears to be 15-20 years old. The interior is dated with wood paneling and worn carpeting, and the exterior/patio area shows significant age. While functional and livable, the property requires cosmetic modernization and minor repairs to meet current market standards.
The property features an updated kitchen with granite countertops, offering a contemporary aesthetic and immediate value for owner-occupants or investors.
The attached garage has been repurposed into a bonus room, providing flexible square footage for a home office, gym, or additional living area.
Conveniently situated near Broad Avenue Elementary, major freeways, and the Port of Los Angeles, the home offers excellent accessibility and rental demand.
At only 835 square feet, the compact interior layout may be a constraint for larger families or those seeking more spacious living quarters.
The garage conversion and current use of the bonus room require buyer verification, indicating potential risks regarding legal compliance and permitting.
Investment opportunity in Wilmington! This 2-bedroom, 1-bath home offers approximately 835 square feet of living space on a 3,252 square foot lot. Inside, you’ll find an updated kitchen featuring granite countertops, spacious living and dining areas, indoor laundry, and plenty of natural light. The attached garage is currently being used as a bonus room, offering flexible space for a home office, gym, playroom, or additional storage, with the potential to be converted back to garage parking if desired. Outside, enjoy a covered patio, generous backyard, long driveway, and additional outdoor space. Conveniently located near Broad Avenue Elementary School, shopping, dining, parks, major freeways, and the Port of Los Angeles. A great opportunity to add a property with long-term potential to your portfolio or purchase now with future flexibility. Buyer to verify all information, including square footage, permits, zoning, and current use of the bonus room.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 1.0 | 1.5 |
| Square foot | 835 | 1,309 |
| Lot Size | 3,252 | 6,300.5 |
| Price | $499.0K | $708.7K |
| Price per sq ft | $598 | $607 |
| Built year | 1955 | 1948 |
| HOA | $0 | $0 |
| Days on market | 27 | 53 |
Jun 25, 2026
$499,000
Initial Listing