703 W L, Wilmington, California 90744, Wilmington, 90744 - bed, bath
ACTIVE$599,000$1,950/sqft
703 W L, Wilmington, California 90744
0Bed
0Bath
1,950Sqft
6,651Lot
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:
Age of Property: Built in 1914, the property is over a century old, which likely implies outdated systems (plumbing, electrical), potential structural issues, and higher maintenance requirements compared to newer constructions.
Compared to the nearby listings
Price:$599.0K vs avg $765.0K ($-166,000)25%
Size:1,950 sqft vs avg 2,047.5 sqft50%
Price/sqft:$307 vs avg $36842%
More Insights
Built in 1914 (112 years old).
Condition: Built in 1914, this property is over a century old. The listing description and property analysis explicitly indicate an 'Age of Property' weakness, 'Implied Need for Modernization,' and 'Potential for High Capital Expenditure,' suggesting outdated systems (plumbing, electrical) and potential structural issues. While the exterior images show a property that appears to be maintained, there are no interior photos to assess the condition of kitchens and bathrooms. Given the age and lack of renovation details, it's highly probable that these areas, along with flooring, fixtures, and major systems, are significantly outdated and require substantial repairs and rehabilitation to meet current standards and ensure long-term functionality.
Year Built
1914
Close
-
List price
$599K
Original List price
$599K
Price/Sqft
$307
HOA
-
Days on market
-
Sold On
-
MLS number
PW26001776
Home ConditionPoor
Features
View-
About this home
703 West L Street consists of a two-bed/one-bath single-family home and a duplex with two-bed/one-bath units on a corner lot. The property also offers fenced yards, garage parking and tandem driveway parking spaces. Wilmington continues to be a desirable rental market for investors due to its proximity to the Ports of Los Angeles and Long Beach, major employment hubs, and convenient access to the 110 and 710 freeways. The area benefits from strong and consistent rental demand driven by port-related industries, logistics, healthcare, and ongoing neighborhood revitalization efforts. With limited housing supply and continued investment in the surrounding community, Wilmington remains well-positioned for long-term rental growth, making this property a solid addition to any multifamily portfolio. 703 West L Street is offered as part of a Wilmington portfolio sale along with 1207 Bay View Avenue, a duplex, and 1144 Blinn Avenue, a 12-unit apartment complex. Properties available separately or together.
S
Steven Bogoyevac
Listing Agent
Nearby schools
6/10
Gulf Avenue Elementary School
Public,•K-5•0.1mi
4/10
Fries Avenue Elementary School
Public,•K-5•0.3mi
3/10
George De La Torre Jr. Elementary School
Public,•K-5•0.8mi
4/10
Hawaiian Avenue Elementary School
Public,•K-5•0.8mi
4/10
Broad Avenue Elementary School
Public,•K-5•1.1mi
4/10
Normont Elementary School
Public,•K-5•1.4mi
4/10
Wilmington Park Elementary School
Public,•K-5•1.4mi
6/10
Harbor City Elementary School
Public,•K-5•1.9mi
9/10
Taper Avenue Elementary School
Public,•K-5•2.4mi
6/10
Eshelman Avenue Elementary School
Public,•K-5•2.5mi
2/10
Barton Hill Elementary School
Public,•K-6•3.0mi
5/10
Del Amo Elementary School
Public,•K-5•3.8mi
4/10
Frank Del Olmo Elementary School
Public,•K-6•19.8mi
8/10
Harry Bridges Span
Public,•K-8•0.5mi
5/10
Wilmington Middle School
Public,•6-8•0.7mi
6/10
Alexander Fleming Middle School
Public,•6-8•2.4mi
7/10
Rudecinda Sepulveda Dodson Middle School
Public,•6-8•3.0mi
4/10
Hudson K-8
Public,•K-8•3.1mi
4/10
Richard Henry Dana Middle School
Public,•6-8•4.1mi
5/10
Phineas Banning Senior High School
Public,•9-12•0.8mi
5/10
Nathaniel Narbonne Senior High School
Public,•9-12•2.4mi
3/10
Cabrillo High School
Public,•9-12•3.2mi
6/10
San Pedro Senior High School
Public,•9-12•4.2mi
Condition Rating
Poor
Built in 1914, this property is over a century old. The listing description and property analysis explicitly indicate an 'Age of Property' weakness, 'Implied Need for Modernization,' and 'Potential for High Capital Expenditure,' suggesting outdated systems (plumbing, electrical) and potential structural issues. While the exterior images show a property that appears to be maintained, there are no interior photos to assess the condition of kitchens and bathrooms. Given the age and lack of renovation details, it's highly probable that these areas, along with flooring, fixtures, and major systems, are significantly outdated and require substantial repairs and rehabilitation to meet current standards and ensure long-term functionality.
Pros & Cons
Pros
Great Schools: Elementary School: Taper Avenue Elementary School (9/10).
Income-Generating Triplex: The property is a triplex, comprising a single-family home and a duplex, offering diversified income streams and a solid foundation for a residential income portfolio.
Strategic Location & Market Demand: Located in Wilmington, the property benefits from its proximity to major employment hubs (Ports of LA/Long Beach), convenient freeway access (110/710), and strong, consistent rental demand driven by key industries and neighborhood revitalization.
Long-Term Rental Growth Potential: The area's limited housing supply and ongoing community investment position the property for sustained long-term rental growth, making it an attractive asset for investors.
Corner Lot & Ample Parking: Situated on a corner lot, the property offers enhanced visibility and includes valuable amenities such as fenced yards, garage parking, and tandem driveway parking spaces, appealing to tenants.
Portfolio Acquisition Opportunity: This property is part of a larger Wilmington portfolio sale, presenting an opportunity for investors to acquire multiple assets and scale their investment within a desirable market.
Cons
Age of Property: Built in 1914, the property is over a century old, which likely implies outdated systems (plumbing, electrical), potential structural issues, and higher maintenance requirements compared to newer constructions.
Implied Need for Modernization: The description does not mention recent renovations or upgrades, suggesting the units may feature dated interiors, finishes, and appliances, which could impact rental rates and tenant attraction without significant capital investment.
Potential for High Capital Expenditure: Given its age and the nature of income properties, a new owner should anticipate substantial capital expenditure for necessary system replacements, structural repairs, and cosmetic renovations to optimize the property's value and rental income.