
Wilmington, California 90744
This Spacious Single Family Residence is a Strong Value Opportunity, listed at $700,000—positioned well below the $694,288 Fair Market Value (Note: Market is stable). The property maintains a Good Condition Rating with significant infrastructure upgrades, including copper plumbing, a 200-amp electrical panel, and central HVAC. Its expansive 7,183 sq. ft. lot offers exceptional ADU potential and alley access. Located near Taper Avenue Elementary (9/10), this home balances modern efficiency with long-term growth. It is an ideal acquisition for Owner-Occupants seeking stability or first-time buyers prioritizing future expansion.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 414 Gulf Avenue Subject | $700,000* List Price | 2 | 1 | 1,054 | $659 | - |
A 1232 W Papeete Sold | $775,000 | 3 | 1 | 1,142 | $679 | 0.9 mi |
B 933 King Avenue Sold | $685,000 | 3 | 2 | 1,156 | $593 | 0.6 mi |
C 1316 W L Street Sold | $670,000 | 3 | 1 | 1,254 | $534 | 0.9 mi |
D 911 Hawaiian Sold | $675,000 | 2 | 1 | 870 | $776 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While built in 1954, the property has undergone significant updates that make it move-in ready. Key system upgrades include a recently installed 200-amp electrical panel, copper plumbing, central HVAC, and dual-pane windows. The interior features a remodeled bathroom and updated kitchen components (countertops/sink/appliances), along with modern touches like recessed lighting and crown molding, fitting the 5-15 year renovation profile for a Good rating.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7183, living area = 1054.
Elementary School: Taper Avenue Elementary School (9/10).
The expansive 7,183 square foot lot with alley access and a rear gate provides an exceptional opportunity for an Accessory Dwelling Unit (ADU), multi-generational living, or significant property expansion.
The 2-bedroom, 1-bathroom configuration may limit the property's appeal to larger families or those seeking a master suite, potentially impacting the buyer pool at this price point.
The solar system is leased rather than owned, which requires the buyer to assume an existing contract and may complicate the financing process for certain loan products.
Opportunity knocks in Wilmington! Welcome to this charming property offering a rare combination of move-in-ready comfort, thoughtful updates, and exceptional future potential. Situated on an expansive 7,183 square foot lot, this inviting home presents an outstanding opportunity for homeowners, investors, or those seeking room to grow. Inside, you'll find a remodeled bathroom, updated kitchen countertops, newer sink, dishwasher, and garbage disposal, along with dual-pane windows, recessed lighting, crown molding in the living and dining rooms, and a spacious laundry/storage room. Enjoy year-round comfort with central heating and air conditioning. The property is also equipped with leased solar panels for added energy efficiency. Major infrastructure improvements include copper plumbing and a recently installed 200-amp electrical service panel, providing added capacity and flexibility for modern living. The gated driveway offers secure parking, privacy, and convenient access to the generous backyard. An additional rear gate with alley access enhances the property's versatility and may provide opportunities for RV parking, boat storage, additional vehicle access, or future improvements. Whether you're dreaming of creating an outdoor entertaining space, adding a workshop, accommodating recreational vehicles, installing EV charging capabilities, or exploring future expansion opportunities, this property offers the space and flexibility to bring your vision to life. The oversized lot presents exciting possibilities for future expansion, an Accessory Dwelling Unit (ADU), multigenerational living, or rental income potential. Whether you envision hosting family gatherings, creating an outdoor entertainment area, establishing a garden oasis, accommodating recreational vehicles, or designing your dream backyard retreat, this versatile property provides the space and flexibility to make it a reality. The backyard is further enhanced by a mature fruit-bearing avocado tree, offering seasonal harvests and a true taste of Southern California living (buyer to verify all possibilities with the appropriate governmental agencies). Conveniently located near shopping, dining, schools, parks, major transportation routes, and the exciting new West Harbor waterfront development, this property combines everyday convenience with exceptional long-term potential. Interior photos coming soon!
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades K-5 • 0.4 mi
Grades K-5 • 0.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 1.0 | 1.5 |
| Square foot | 1,054 | 1,309 |
| Lot Size | 7,183 | 6,300.5 |
| Price | $700.0K | $708.7K |
| Price per sq ft | $664 | $607 |
| Built year | 1954 | 1948 |
| HOA | $0 | $0 |
| Days on market | 41 | 53 |
Jun 11, 2026
$700,000
Initial Listing
Jun 30, 2004
$189,000
Public Record