515 W Anaheim, Wilmington, California 90744, Wilmington, 90744 - 0 bed, 0 bath
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Wilmington, California 90744
This Mixed-Use Income Property represents a High-Potential Investment Opportunity due to its unique eight-unit composition. Listed at $1,100,000, the asset comprises five residential units and three commercial retail spaces, offering a diversified, high-yield revenue stream. With a Condition Rating of 5 and a "drive-by only" restriction, the 1923-built structure requires significant modernization to reach its full potential. Proximity to the 110 freeway and the top-rated Taper Avenue Elementary School (9/10) ensures long-term tenant demand. This is a complex value-add acquisition perfectly suited for Buy-and-Hold Investors or Portfolio Managers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 515 W Anaheim Subject | $1,100,000* List Price | 0 | 0 | 2,790 | $291 | - |
A 1323 Mcdonald Avenue Sold | $900,000 | 4 | 3 | 2,397 | $375 | 0.7 mi |
B 1057 N Neptune Active Under Contract | $819,999 List Price | 5 | 3 | 2,539 | $323 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
The property was built in 1923 and is explicitly listed as 'Drive by only,' a common indicator in real estate that the interior condition is substandard or requires significant rehabilitation. With no interior photos provided and a century-old structure, it is highly likely that the kitchens, bathrooms, and major systems (electrical, plumbing, HVAC) are outdated and suffer from deferred maintenance, necessitating substantial repairs to be fully functional and modern.
Elementary School: Taper Avenue Elementary School (9/10).
With five residential units and three commercial retail spaces, this property offers a rare multi-stream revenue opportunity for investors looking to maximize cash flow.
The unique configuration allows for a live-work setup or a diverse portfolio of both residential and commercial tenants on a high-visibility street.
Originally constructed in 1923, the property likely requires substantial modernization and may have deferred maintenance issues common in century-old structures.
The 'drive-by only' restriction indicates potential difficulties with interior showings, which may suggest tenant complications or poor interior conditions.
Great Opportunity to live in one and rent the others on this single story 4- separate units in the back, and One Habitable unit dwelling in conjunction with 3 commercial retail spaces in the front ( on Anaheim St.) in the city of Wilmington . Easy access to 110 freeway and shopping and schools., Drive by only !
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades K-5 • 0.5 mi
Grades K-5 • 0.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 3.0 | 10% |
| Baths | 0.0 | 1.5 | 10% |
| Square foot | 2,790 | 1,122 | 93% |
| Lot Size | 7,508 | 5,296.5 | 93% |
| Price | $1.10M | $700.0K | 93% |
| Price per sq ft | $394 | $589 | 13% |
| Built year | 1923 | 1948 | 23% |
| HOA | $0 | $0 | 50% |
| Days on market | 21 | 190 | 3% |
Apr 1, 2026
$1,100,000
Initial Listing
Jan 15, 2014
$250,000
Public Record