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.
| MLS # | RS26025948 |
|---|---|
| Listing Type | For Sale |
| Style | Duplex |
| Sub-Type | Resale |
| Status | Active Under Contract |
| Year | 1925 |
| Days On Site | 214 |
| Listing Provided By | The Livingston Group Inc | Christopher Livingston |
| SQ Feet | 1,020 |
|---|---|
| Story(s) | 1 |
| Units | 2 |
| Building(s) | 2 |
| Acreage | 0.15 |
| Lot Features | Zero To One Unit Acre |
|---|
| Garage Yes / No | No |
|---|
| Sewer | Public Sewer |
|---|
| Community Features | Suburban |
|---|
| State | CA |
|---|---|
| County | Los Angeles |
| City | Wilmington |
| Zip Code | 90744 |
| Area | 196 East Wilmington |
| Listing VS Median (in 90744) | |
Price: $590,000 low | high Med: $737,450 sqft: 1,020 low | high Med: 1,498 $ / sqft: $578 low | high Med: $492 On site: 214 low | high Med: 343.5 | |
| State | CA |
|---|---|
| County | Los Angeles |
| City | Wilmington |
| Zip Code | 90744 |
| Area | 196 East Wilmington |
| Listing VS Median (in 90744) | |
Price: $590,000 low | high Med: $737,450 sqft: 1,020 low | high Med: 1,498 $ / sqft: $578 low | high Med: $492 On site: 214 low | high Med: 343.5 | |