705 Mcdonald Avenue, Wilmington, California 90744, Wilmington, 90744 - bed, bath
ACTIVE$739,999
705 Mcdonald Avenue, Wilmington, California 90744
0Bed
0Bath
2,055Sqft
4,801Lot
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 (1954): Built in 1954, the property may have older systems (plumbing, electrical) and components that could require significant capital expenditure for updates or repairs in the near future.
Compared to the nearby listings
Price:$740.0K vs avg $765.0K ($-25,001)42%
Size:2,055 sqft vs avg 2,100 sqft50%
Price/sqft:$360 vs avg $37350%
More Insights
Built in 1954 (71 years old).
Condition: Built in 1954, this triplex is well-maintained but shows its age. The kitchens feature older wooden cabinets, basic laminate countertops, and dated white ranges, though some units have newer stainless steel refrigerators. Flooring is a mix of laminate, carpet (potentially staged), and basic vinyl. While functional and clean, the property has not undergone a recent extensive renovation, and the overall style and fixtures are outdated. No bathroom images were provided, but the visible areas suggest a need for minor updates to meet current aesthetic and functional standards, aligning with the 'fair' condition criteria.
Year Built
1954
Close
-
List price
$740K
Original List price
$740K
Price/Sqft
$360
HOA
-
Days on market
-
Sold On
-
MLS number
SW25218543
Home ConditionFair
Features
Patio
View-
About this home
Investors, here’s your opportunity! Welcome to 705 McDonald Ave, a well maintained triplex featuring three spacious 2-bed/1-bath units (705,707,709), each with a private garage. Situated on a corner lot with a wide driveway, the property also offers a shared laundry room for added tenant convenience. The location is a winner being close to schools, parks, shopping, and major freeways; ensuring steady rental demand and long term value. With potential ADU possibilities, this property provides exciting upside for value-add investors. Whether you’re seeking a stable income property or a multifamily asset with growth potential, this triplex delivers both location and opportunity!
Nearby schools
4/10
Hawaiian Avenue Elementary School
Public,•K-5•0.3mi
3/10
George De La Torre Jr. Elementary School
Public,•K-5•0.4mi
6/10
Gulf Avenue Elementary School
Public,•K-5•0.6mi
4/10
Fries Avenue Elementary School
Public,•K-5•0.8mi
4/10
Wilmington Park Elementary School
Public,•K-5•1.5mi
4/10
Broad Avenue Elementary School
Public,•K-5•1.7mi
4/10
Normont Elementary School
Public,•K-5•1.7mi
9/10
Taper Avenue Elementary School
Public,•K-5•1.9mi
6/10
Harbor City Elementary School
Public,•K-5•2.1mi
2/10
Barton Hill Elementary School
Public,•K-6•2.4mi
6/10
Eshelman Avenue Elementary School
Public,•K-5•2.5mi
5/10
Del Amo Elementary School
Public,•K-5•4.3mi
4/10
Frank Del Olmo Elementary School
Public,•K-6•20.4mi
8/10
Harry Bridges Span
Public,•K-8•0.9mi
5/10
Wilmington Middle School
Public,•6-8•1.3mi
6/10
Alexander Fleming Middle School
Public,•6-8•2.5mi
7/10
Rudecinda Sepulveda Dodson Middle School
Public,•6-8•2.7mi
4/10
Hudson K-8
Public,•K-8•3.3mi
4/10
Richard Henry Dana Middle School
Public,•6-8•3.5mi
5/10
Phineas Banning Senior High School
Public,•9-12•1.3mi
5/10
Nathaniel Narbonne Senior High School
Public,•9-12•2.7mi
3/10
Cabrillo High School
Public,•9-12•3.4mi
6/10
San Pedro Senior High School
Public,•9-12•3.7mi
Price History
Date
Event
Price
05/03/22
Sold
$700,000
Condition Rating
Fair
Built in 1954, this triplex is well-maintained but shows its age. The kitchens feature older wooden cabinets, basic laminate countertops, and dated white ranges, though some units have newer stainless steel refrigerators. Flooring is a mix of laminate, carpet (potentially staged), and basic vinyl. While functional and clean, the property has not undergone a recent extensive renovation, and the overall style and fixtures are outdated. No bathroom images were provided, but the visible areas suggest a need for minor updates to meet current aesthetic and functional standards, aligning with the 'fair' condition criteria.
Pros & Cons
Pros
Great Schools: Elementary School: Taper Avenue Elementary School (9/10).
Income-Generating Triplex: The property is a well-maintained triplex with three 2-bed/1-bath units, providing immediate and diversified rental income for investors.
Significant Value-Add Potential: Explicitly highlights ADU possibilities, offering a clear path to increase property value and rental income through future development.
Prime Location for Rental Demand: Situated close to schools, parks, shopping, and major freeways, ensuring consistent tenant interest and long-term appreciation.
Individual Garages per Unit: Each unit includes a private garage, a highly desirable amenity for tenants that enhances rentability and tenant satisfaction.
Corner Lot Advantage: Positioned on a corner lot with a wide driveway, offering enhanced curb appeal, better accessibility, and potential for more parking.
Cons
Age of Property (1954): Built in 1954, the property may have older systems (plumbing, electrical) and components that could require significant capital expenditure for updates or repairs in the near future.
Unspecified Interior Condition: While described as 'well maintained,' the listing lacks specific details on the interior condition and finishes of each unit, suggesting potential for necessary renovations to maximize rental income or attract premium tenants.
Shared Laundry Facility: Although convenient, the presence of a shared laundry room rather than in-unit laundry facilities might be a minor drawback for some prospective tenants seeking higher-end amenities.