1607 N Neptune

Wilmington, CA 90744

About this property

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.

About this property

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.

Features and Additional Information

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$590,000 Active Under Contract
0 Bed(s)
0
Baths
1,020 sqft

Presented By Benjamin Leaskou

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Get in touch today! Phone: 1-760-799-4290
License #01754516
Brokerage
The Livingston Group Inc
1-562-726-4056
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Area Information

196 East Wilmington | Los Angeles County |

$ 590,000
This listing is play_arrow 18.3% lower than the average in the area
$ 722,450 in the area
1,020 SqFt
This listing is play_arrow 26.7% smaller than the average in the area
1,392 SqFt in the area
$ 578 $/SqFt
This listing is play_arrow 10.6% more than the average in the area
$ 523 $/SqFt in the area
265 days on site
This listing is play_arrow 275.9% above the average in the area
71 days on site in the area

Schools in the Area

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    Elementary School
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    Middle School
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Listed By Christopher Livingston
Brokerage: The Livingston Group Inc

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