614 Gulf, Wilmington, California 90744, Wilmington, 90744 - 0 bed, 0 bath
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614 Gulf
Wilmington, California 90744
ACTIVE
CONDITION: FAIR
0Beds
0Baths
2,006Sq Ft
6,207Lot Size
Property Price
LIST PRICE$829,000
EST. MARKET VALUE
$817,356
SUMMARY
This High-Potential Investment Opportunity is a Residential Income Duplex listed at $829,000, positioned slightly above the $817,357 Fair Market Value. Featuring a 3.50% Assumable Conventional Mortgage, this asset offers significant long-term financing advantages. The property includes a 2-bedroom front house and a 3-bedroom back house with a Granite Kitchen and Fair Condition Rating. With an oversized lot and proximity to Taper Avenue Elementary, this is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to leverage rental income to offset mortgage costs.
Estimated Market Value
$817,356
Based on Realkey algorithm analyzing recent comparable sales in Wilmington.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 614 Gulf Subject | $829,000* List Price | 0 | 0 | 2,006 | $407 | - |
A 703 W L Sold | $599,000 | 0 | 0 | 1,950 | $307 | 0.7 mi |
B 720 King Sold | $1,000,000 | 0 | 0 | 2,288 | $437 | 0.8 mi |
C 1306 Gulf Avenue Sold | $675,000 | 0 | 0 | 1,470 | $459 | 0.8 mi |
D 705 Mcdonald Avenue Active | $689,000 List Price | 0 | 0 | 2,055 | $335 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1922, this duplex shows a split condition. The back house has been renovated with granite counters and cherry cabinets (likely 15+ years ago), but the front house remains dated with older wall paneling and visible wear. Exterior deferred maintenance, peeling paint on trim, and the use of window AC units rather than central systems align with the Fair criteria for properties over 20 years old needing updates.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: Taper Avenue Elementary School (9/10).
- Favorable Financing
The property offers a rare assumable 3.50% conventional mortgage, providing a significant financial advantage and monthly savings in the current high-interest-rate market.
- Dual-Income Potential
Featuring two separate homes on one oversized lot (a 2-bedroom front house and a 3-bedroom back house), this duplex is ideal for house-hacking or investors seeking strong rental yields.
CONSRISKS & DEFICIENCIES
- Historic Infrastructure
Built in 1922, the property may require more frequent maintenance or future capital expenditures to address aging systems typical of century-old structures.
- Local School Ratings
Several of the closest assigned schools, including Barton Hill and George De La Torre Jr. Elementary, have lower performance ratings, which may impact appeal for families.
About 614 Gulf
RARE FINANCING OPPORTUNITY: Assumable 3.50% Conventional Mortgage! Located within walking distance of the Wilmington Waterfront Park, this property features two homes on an oversized lot, making it ideal for either an owner-occupant seeking rental income or an investor looking for strong returns. The Front House (614 Gulf Ave) features 2 bedrooms, 1 bathroom, a fenced front yard, a covered porch, and a detached one-car garage with an indoor laundry area. The Back House (616 Gulf Ave) is nicely upgraded with 3 bedrooms and 2 bathrooms. It includes tile and laminate flooring, recessed lighting, ceiling fans, and a spacious living room. The kitchen features granite countertops and cherry-finished cabinets, and the indoor laundry area accommodates a full-sized washer and dryer. Additionally, both homes include a private yard area and an extra parking pad outside of each one-car garage. The property is conveniently located near parks, freeway access, shopping, and local eateries.
Property Details
Public Facts
- Property Type
- Duplex
- Year Built
- 1922
- Lot Size
- 6,207 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Wilmington Unified Schools
Hawaiian Avenue Elementary School
Grades K-5 • 0.3 mi
4/10
George De La Torre Jr. Elementary School
Grades K-5 • 0.4 mi
3/10
Gulf Avenue Elementary School
Grades K-5 • 0.7 mi
6/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 3.0 |
| Baths | 0.0 | 2.0 |
| Square foot | 2,006 | 2,559 |
| Lot Size | 6,207 | 6,275.667 |
| Price | $829.0K | $812.1K |
| Price per sq ft | $413 | $381 |
| Built year | 1922 | 1956 |
| HOA | $0 | $0 |
| Days on market | 19 | 132 |
Pricing History
Listed for Sale
Aug 21, 2026
$829,000
Initial Listing
Sold
Sep 30, 2020
$585,000
Public Record
Sold
Sep 3, 2014
$263,000
Public Record