
Wilmington, California 90744
This Income-Generating Triplex represents a High-Potential Investment Opportunity listed at $719,999, matching its $719,999 Fair Market Value. The asset features three spacious 2-bed/1-bath units, each equipped with Private Garages, situated on a prime Corner Lot. Holding a Well-Maintained Condition Rating, the property offers immediate rental stability with significant upside through ADU Potential. Strong tenant demand is supported by proximity to the top-rated Taper Avenue Elementary School (9/10). This is an ideal acquisition for Buy-and-Hold Investors or Value-Add Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 705 Mcdonald Avenue Subject | $689,000* List Price | 0 | 0 | 2,055 | $335 | - |
A 703 W L Sold | $599,000 | 0 | 0 | 1,950 | $307 | 0.6 mi |
B 614 Gulf Active | $829,000 List Price | 0 | 0 | 2,006 | $413 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1954, the property is well-maintained and functional, but the kitchens and bathrooms are significantly outdated in style and materials, suggesting renovations from 15-30 years ago or older. Appliances are a mix of old (gas range) and new (refrigerator). Heating is via wall-mounted units, not central HVAC. While livable, it requires minor updates to modernize the interiors and systems.
Elementary School: Taper Avenue Elementary School (9/10).
The property is a triplex with three spacious 2-bed/1-bath units, offering a stable and diversified income stream for investors.
Significant upside potential exists through the possibility of adding an Accessory Dwelling Unit (ADU), enhancing future revenue and property value.
Built in 1954, the property may have older systems (e.g., plumbing, electrical) that could require future upgrades or increased maintenance costs.
A recent price reduction from $739,999 to $719,999 suggests potential market resistance or a need for a more competitive pricing strategy.
While the triplex is described as 'well maintained,' the lack of specific details on individual unit updates may imply a need for interior renovations to maximize rental income or tenant appeal.
New Price Improvement! 705 McDonald Ave is an excellent opportunity for both investors and home buyer’s looking to acquire a well-maintained triplex with multiple income and occupancy options. The property features three spacious 2-bedroom, 1-bath units (705, 707 & 709), each with its own private garage. Situated on a corner lot with a wide driveway and shared laundry, the property offers a practical setup designed for comfortable tenant living. A buyer can potentially occupy one unit while generating rental income from the remaining units, while investors can take advantage of the flexibility to lease the vacant unit at market terms or use it strategically for future plans. Conveniently located near schools, parks, shopping, dining, and major freeways, 705 McDonald Ave offers the combination of location, functionality, and flexibility that makes multifamily ownership attractive. Potential ADU opportunity may offer additional upside; buyer to independently verify zoning, feasibility, permits, and all applicable requirements. Whether you're expanding your portfolio or looking for an opportunity to live in one unit while offsetting expenses with rental income, this triplex is worth a closer look.
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades K-5 • 0.4 mi
Grades K-5 • 0.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 3.0 |
| Baths | 0.0 | 2.0 |
| Square foot | 2,055 | 2,559 |
| Lot Size | 4,801 | 6,275.667 |
| Price | $689.0K | $812.1K |
| Price per sq ft | $335 | $381 |
| Built year | 1954 | 1956 |
| HOA | $0 | $0 |
| Days on market | 341 | 132 |
Sep 1, 2026
$689,000
$719,999
-4% Price Drop
Initial Listing
Feb 6, 2026
$719,999
$739,999
-3% Price Drop
Initial Listing
Oct 3, 2025
$739,999
Initial Listing
May 3, 2022
$700,000
Public Record