1607 N Neptune, Wilmington, CA 90744
- $590,000
- List Price
- $590,000
- Status
- ACTIVE UNDER CONTRACT
- MLS#
- RS26025948
- Year Built
- 1925
- Lot Size
- 6,650
- Acres
- 0.15
- Lot Location
- 0-1 Unit/Acre
- Days on Market
- 134
- Property Type
- Multifamily
- Property Sub Type
- Duplex
Property Description
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.
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Additional Information
- Pool Description
- None
- Sewer
- Public Sewer
- Water
- Public
- Attached Structure
- Detached
- Number Of Units Total
- 2
- Gross Scheduled Income
- $23,640
- Operating Expense
- 3660
Listing courtesy of Listing Agent: Christopher Livingston (chris@thelivingstongrp.com) from Listing Office: The Livingston Group Inc.
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.