524 Gulf Avenue, Wilmington, California 90744, Wilmington, 90744 - bed, bath
ACTIVE$840,000
524 Gulf Avenue, Wilmington, California 90744
0Bed
0Bath
2,145Sqft
6,207Lot
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Property Age & Potential for Upgrades: Built in 1953, the property is over 70 years old, suggesting the likelihood of outdated systems (plumbing, electrical, HVAC) and potential for significant capital expenditures for modernization or deferred maintenance.
Compared to the nearby listings
Price:$840.0K vs avg $793.5K (+$46,500)67%
Size:2,145 sqft vs avg 2,145 sqft50%
Price/sqft:$392 vs avg $38950%
More Insights
Built in 1953 (72 years old).
Condition: Built in 1953, this duplex shows significant age and a lack of recent major renovations. The kitchens and bathrooms are extremely outdated, featuring older white appliances, dated cabinetry, laminate countertops, and linoleum/vinyl flooring, all requiring substantial rehabilitation. The property analysis also highlights the likelihood of outdated plumbing, electrical, and HVAC systems, suggesting major capital expenditures will be needed beyond cosmetic updates to bring the property to modern standards and ensure functionality and safety.
Year Built
1953
Close
-
List price
$840K
Original List price
$855K
Price/Sqft
$392
HOA
-
Days on market
-
Sold On
-
MLS number
DW24196606
Home ConditionPoor
Features
Patio
View-
About this home
duplex
Nearby schools
4/10
Hawaiian Avenue Elementary School
Public,•K-5•0.2mi
3/10
George De La Torre Jr. Elementary School
Public,•K-5•0.4mi
6/10
Gulf Avenue Elementary School
Public,•K-5•0.7mi
4/10
Fries Avenue Elementary School
Public,•K-5•1.0mi
4/10
Wilmington Park Elementary School
Public,•K-5•1.6mi
4/10
Normont Elementary School
Public,•K-5•1.8mi
9/10
Taper Avenue Elementary School
Public,•K-5•1.8mi
4/10
Broad Avenue Elementary School
Public,•K-5•1.8mi
6/10
Harbor City Elementary School
Public,•K-5•2.2mi
2/10
Barton Hill Elementary School
Public,•K-6•2.2mi
6/10
Eshelman Avenue Elementary School
Public,•K-5•2.6mi
5/10
Del Amo Elementary School
Public,•K-5•4.5mi
4/10
Frank Del Olmo Elementary School
Public,•K-6•20.6mi
8/10
Harry Bridges Span
Public,•K-8•1.0mi
5/10
Wilmington Middle School
Public,•6-8•1.5mi
6/10
Alexander Fleming Middle School
Public,•6-8•2.6mi
7/10
Rudecinda Sepulveda Dodson Middle School
Public,•6-8•2.7mi
4/10
Richard Henry Dana Middle School
Public,•6-8•3.4mi
4/10
Hudson K-8
Public,•K-8•3.4mi
5/10
Phineas Banning Senior High School
Public,•9-12•1.4mi
5/10
Nathaniel Narbonne Senior High School
Public,•9-12•2.8mi
3/10
Cabrillo High School
Public,•9-12•3.5mi
6/10
San Pedro Senior High School
Public,•9-12•3.5mi
Condition Rating
Poor
Built in 1953, this duplex shows significant age and a lack of recent major renovations. The kitchens and bathrooms are extremely outdated, featuring older white appliances, dated cabinetry, laminate countertops, and linoleum/vinyl flooring, all requiring substantial rehabilitation. The property analysis also highlights the likelihood of outdated plumbing, electrical, and HVAC systems, suggesting major capital expenditures will be needed beyond cosmetic updates to bring the property to modern standards and ensure functionality and safety.
Pros & Cons
Pros
Great Schools: Elementary School: Taper Avenue Elementary School (9/10).
Income-Generating Asset: As a duplex categorized as 'Residential Income,' the property offers immediate potential for rental revenue from two units, appealing to investors or owner-occupants seeking to offset housing costs.
Generous Lot Size: The property boasts a substantial 6207 sqft lot, providing ample outdoor space, potential for landscaping, or future expansion opportunities, subject to local zoning regulations.
Recent Price Reduction: The list price has been reduced from $854,999 to $840,000, indicating a motivated seller and potentially offering a more attractive entry point for buyers.
Strategic Location: Located in Wilmington, the property benefits from its proximity to major transportation routes, ports, and industrial areas, which can be advantageous for certain demographics and local employment.
Proximity to Elementary Schools: Several elementary schools, including Hawaiian Avenue Elementary (0.24 miles) and Gulf Avenue Elementary (0.74 miles), are within a short distance, offering convenience for families with young children.
Cons
Property Age & Potential for Upgrades: Built in 1953, the property is over 70 years old, suggesting the likelihood of outdated systems (plumbing, electrical, HVAC) and potential for significant capital expenditures for modernization or deferred maintenance.
Limited Property Description: The extremely brief description ('duplex') lacks crucial details regarding unit configurations, interior condition, recent upgrades, or specific amenities, making it difficult for prospective buyers to fully assess its value and appeal without further investigation.
Varying School Quality: While schools are nearby, some have lower ratings (e.g., Barton Hill Elementary rating 2, George De La Torre Jr. Elementary rating 3), which could be a concern for buyers prioritizing access to highly-rated public education.