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1607 N Neptune Ave, Wilmington, CA, 90744

2beds
2baths
1,020sqft
$590,000
$578price/sqft
$4,200/moest. monthly cost
$168,000/yrincome needed

About This Home

1607 Neptune Ave, Wilmington presents an excellent value-add and redevelopment opportunity in a centrally located neighborhood. This duplex features two separate 1-bedroom, 1-bathroom units, offering immediate income potential with significant upside. The property is ideal for an investor or developer looking to add an ADU, expand the existing footprint, or scrape and build new to maximize the lot’s potential (buyer to verify all zoning and development possibilities with the City of Los Angeles). Conveniently located near major freeways, ports, shopping, and employment centers, this is a rare opportunity to acquire a property with multiple exit strategies in an improving area. Property is being sold AS-IS with Tenants In Place. DO NOT WALK ON PROPERTY. DO NOT DISTURB OCCUPANTS.

Getting Around

68
WalkingSomewhat Walkable
0
TransitVery Limited Transit
72
BikeVery Bikeable

Schools

Construction

Condition

  • Year built: 1925

Type & Style

  • Home type: MultiFamily
  • Property subType: Duplex

Interior

Appliances

  • Laundry features: None

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 2

Features

  • Common walls with other units/homes: No Common Walls

Interior Area

  • Total structure area: 1,020
  • Total interior livable area: 1,020 sqft

Property

Details

  • Parcel number: 7421014002
  • Special condition: Trust

Features

  • Entry location: 1
  • Pool features: None

Lot

  • Lot size: 6,650 sqft
  • Features: 0-1 Unit/Acre