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Listed by Christopher Livingston • The Livingston Group Inc
$ 590,000
Est. payment /mo
Active Under Contract
1607 North Neptune Wilmington, CA 90744
1,020 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 1,020 sqft
Price per Sqft $578
MLS Listing ID RS-26025948
Year Built 1925
Lot Size 6,650 Sqft
Property Sub-Type Duplex
Source California Regional Multiple Listing Service (CRMLS)
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.
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.
Location
State CA
County Los Angeles
Area 196 - East Wilmington
Interior
Laundry None
Exterior
Pool None
Community Features Suburban
Building
Lot Description 0-1 Unit/Acre
Sewer Public Sewer
NEARBY SCHOOLS & PROPERTIES
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