908 Mcfarland Avenue, Wilmington, California 90744, Wilmington, 90744 - bed, bath
ACTIVE$749,950
908 Mcfarland Avenue, Wilmington, California 90744
0Bed
0Bath
1,600Sqft
6,974Lot
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:
Advanced Age of Property: Built in 1923, the property is over 100 years old, suggesting potential for significant capital expenditures on deferred maintenance, outdated systems (plumbing, electrical), and compliance with modern building codes.
Compared to the nearby listings
Price:$750.0K vs avg $765.0K ($-15,050)42%
Size:1,600 sqft vs avg 1,943.5 sqft25%
Price/sqft:$469 vs avg $42175%
More Insights
Built in 1923 (102 years old).
Condition: The property was built in 1923, making it over 100 years old. The MLS listing explicitly notes its 'Advanced Age' and 'potential for significant capital expenditures on deferred maintenance, outdated systems (plumbing, electrical), and compliance with modern building codes.' Crucially, there are no interior images provided, especially of kitchens and bathrooms, which strongly suggests these areas are in very poor, outdated condition and would require substantial repairs and rehabilitation to meet current standards. The exterior appears maintained but dated, and the overall condition points to a property needing major updates throughout.
Year Built
1923
Close
-
List price
$750K
Original List price
$850K
Price/Sqft
$469
HOA
-
Days on market
-
Sold On
-
MLS number
DW25014979
Home ConditionPoor
Features
Deck
Patio
View-
About this home
3 Detached Units For Sale! The front unit has 2 bedrooms & 1 bathroom. The middle unit is 1 bedroom and 1 bathroom and the back unit is 2 bedrooms, 1 bathroom. This property is set on a generous 7,013 sq. ft. lot, ensuring plenty of outdoor space and easy access for tenants with ample parking available. Don’t miss out on this fantastic opportunity to invest in a prime location! Known for its rich maritime history and close-knit community, Wilmington features charming streets lined with a mix of residential homes, small businesses, and local parks.
Nearby schools
4/10
Wilmington Park Elementary School
Public,•K-5•0.4mi
4/10
Fries Avenue Elementary School
Public,•K-5•0.9mi
3/10
George De La Torre Jr. Elementary School
Public,•K-5•0.9mi
6/10
Gulf Avenue Elementary School
Public,•K-5•1.2mi
4/10
Broad Avenue Elementary School
Public,•K-5•1.4mi
4/10
Hawaiian Avenue Elementary School
Public,•K-5•1.5mi
4/10
Normont Elementary School
Public,•K-5•2.5mi
9/10
Taper Avenue Elementary School
Public,•K-5•3.0mi
6/10
Harbor City Elementary School
Public,•K-5•3.1mi
2/10
Barton Hill Elementary School
Public,•K-6•3.2mi
6/10
Eshelman Avenue Elementary School
Public,•K-5•3.6mi
5/10
Del Amo Elementary School
Public,•K-5•3.7mi
4/10
Frank Del Olmo Elementary School
Public,•K-6•20.2mi
8/10
Harry Bridges Span
Public,•K-8•0.7mi
5/10
Wilmington Middle School
Public,•6-8•1.6mi
4/10
Hudson K-8
Public,•K-8•2.2mi
6/10
Alexander Fleming Middle School
Public,•6-8•3.5mi
7/10
Rudecinda Sepulveda Dodson Middle School
Public,•6-8•3.9mi
4/10
Richard Henry Dana Middle School
Public,•6-8•4.3mi
5/10
Phineas Banning Senior High School
Public,•9-12•1.0mi
3/10
Cabrillo High School
Public,•9-12•2.3mi
5/10
Nathaniel Narbonne Senior High School
Public,•9-12•3.5mi
6/10
San Pedro Senior High School
Public,•9-12•4.4mi
Price History
Date
Event
Price
10/01/24
Sold
$750,000
05/29/20
Sold
$500,000
07/15/15
Sold
$330,000
07/03/06
Sold
$515,000
Condition Rating
Poor
The property was built in 1923, making it over 100 years old. The MLS listing explicitly notes its 'Advanced Age' and 'potential for significant capital expenditures on deferred maintenance, outdated systems (plumbing, electrical), and compliance with modern building codes.' Crucially, there are no interior images provided, especially of kitchens and bathrooms, which strongly suggests these areas are in very poor, outdated condition and would require substantial repairs and rehabilitation to meet current standards. The exterior appears maintained but dated, and the overall condition points to a property needing major updates throughout.
Pros & Cons
Pros
Great Schools: Elementary School: Taper Avenue Elementary School (9/10).
Multi-Unit Income Potential: The property consists of three detached units (two 2-bedroom, one 1-bedroom), providing diversified rental income streams and making it an attractive investment opportunity.
Generous Lot Size: Set on a substantial 7,013 sq. ft. lot, the property offers ample outdoor space, which can be a significant draw for tenants and potentially allows for future enhancements or development (subject to zoning).
Ample Parking: The availability of ample parking is a key advantage for a multi-unit property, enhancing tenant convenience and overall desirability.
Significant Price Adjustment: The list price has been reduced from $849,950 to $749,950, indicating a potential value opportunity for buyers and increased competitiveness in the market.
Prime Investment Location: Located in Wilmington, described as a 'prime location' with a 'rich maritime history and close-knit community,' which can contribute to stable tenancy and long-term appreciation.
Cons
Advanced Age of Property: Built in 1923, the property is over 100 years old, suggesting potential for significant capital expenditures on deferred maintenance, outdated systems (plumbing, electrical), and compliance with modern building codes.
Compact Unit Sizes: With 1600 sq. ft. distributed across three units, individual unit sizes are likely quite small, which could limit the tenant pool or rental income potential compared to properties with more spacious units.
Undisclosed Condition/Renovations: The description lacks details on recent renovations or the current condition of the units, which for a property of this age, often implies that significant updates or repairs may be required by a new owner.