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1057 N Neptune, Wilmington, California 90744, Wilmington, 90744 - 5 bed, 3 bath

1057 N Neptune, Wilmington, California 90744 home-pic-0
ACTIVE$819,999
1057 N Neptune, Wilmington, California 90744
5Beds
3Baths
2,539Sqft
6,651Lot
Year Built
1927
Close
-
List price
$820K
Original List price
$820K
Price/Sqft
$323
HOA
-
Days on market
-
Sold On
-
MLS number
SB25257284
Home ConditionPoor
Features
View-

About this home

Possibly Over-Priced:The estimated price is 11% below the list price. We found 3 Cons,6 Pros. Rank: price - $820.0K(90th), sqft - 2539(94th), beds - 5(94th), baths - 3(92th).

Nestled in the heart of Wilmington, 1057 N Neptune Ave offers a rare opportunity to own a versatile multi-unit property on a spacious 6,651 sq ft lot. Originally built in 1927 as a single-family residence, the home has been thoughtfully expanded to include three distinct living units. The front unit features 3 bedrooms and 1 bathroom, showcasing classic charm and a comfortable layout. At the rear, a two-story addition provides a private 2-bedroom, 1-bath unit—ideal for extended family or rental income. Completing the setup is a studio-style unit with 1 bedroom and 1 bathroom, perfect for guests or additional rental potential. With a total of 5 bedrooms and 3 bathrooms across approximately 2,539 sq ft of living space, this property offers flexibility for multi-generational living or investment. Located near schools, parks, and major freeways, this property combines convenience, income potential, and long-term value in one compelling package.

Nearby schools

6/10
Gulf Avenue Elementary School
Public,•K-5•0.2mi
4/10
Fries Avenue Elementary School
Public,•K-5•0.4mi
3/10
George De La Torre Jr. Elementary School
Public,•K-5•0.6mi
4/10
Hawaiian Avenue Elementary School
Public,•K-5•0.7mi
4/10
Broad Avenue Elementary School
Public,•K-5•1.2mi
4/10
Wilmington Park Elementary School
Public,•K-5•1.3mi
4/10
Normont Elementary School
Public,•K-5•1.5mi
6/10
Harbor City Elementary School
Public,•K-5•2.1mi
9/10
Taper Avenue Elementary School
Public,•K-5•2.3mi
6/10
Eshelman Avenue Elementary School
Public,•K-5•2.6mi
2/10
Barton Hill Elementary School
Public,•K-6•2.8mi
5/10
Del Amo Elementary School
Public,•K-5•3.9mi
4/10
Frank Del Olmo Elementary School
Public,•K-6•20.0mi
8/10
Harry Bridges Span
Public,•K-8•0.5mi
5/10
Wilmington Middle School
Public,•6-8•0.9mi
6/10
Alexander Fleming Middle School
Public,•6-8•2.5mi
7/10
Rudecinda Sepulveda Dodson Middle School
Public,•6-8•3.0mi
4/10
Hudson K-8
Public,•K-8•3.0mi
4/10
Richard Henry Dana Middle School
Public,•6-8•4.0mi
5/10
Phineas Banning Senior High School
Public,•9-12•0.8mi
5/10
Nathaniel Narbonne Senior High School
Public,•9-12•2.6mi
3/10
Cabrillo High School
Public,•9-12•3.2mi
6/10
San Pedro Senior High School
Public,•9-12•4.1mi

Price History

Date
Event
Price
11/10/25
Listing
$819,999
Condition Rating
Poor
Built in 1927, this property shows significant age and wear. While some areas, like one of the kitchens and a bedroom, appear to have received more recent cosmetic updates (e.g., grey cabinets, recessed lighting, modern ceiling fan), other critical areas are in very poor condition. The first kitchen shown features severely dated and chipped cabinets, worn laminate countertops, and an old backsplash, requiring a full renovation. The bathroom is also very basic and outdated with a bare bulb light fixture and an old vanity. Given the property's advanced age, major systems (plumbing, electrical) are likely original or very old, necessitating substantial repairs and rehabilitation to meet current standards and ensure safety and comfort. The overall condition is inconsistent, with the oldest parts dragging the overall score down significantly.
Pros & Cons

Pros

Great Schools: Elementary School: Taper Avenue Elementary School (9/10).
Multi-Unit Income Potential: The property offers three distinct living units (3B/1B, 2B/1B, 1B/1B studio), providing significant rental income potential or flexibility for multi-generational living.
Spacious Lot Size: A generous 6,651 sq ft lot offers ample outdoor space, privacy, and potential for future enhancements or landscaping.
Convenient Location: Situated in the heart of Wilmington, with proximity to schools, parks, and major freeways, ensuring good accessibility and local amenities.
Versatile Use Case: The property's configuration is ideal for investors seeking rental income, or families requiring multi-generational living arrangements, catering to a broad buyer pool.
Long-Term Value Proposition: The property is presented as combining convenience, income potential, and long-term value, making it an attractive investment opportunity.

Cons

Advanced Age of Construction: Built in 1927, the property may require significant updates to plumbing, electrical, and other systems, potentially leading to higher maintenance and renovation costs.
Lack of Scenic Views: The property description explicitly states 'view: None,' which could be a deterrent for buyers prioritizing scenic surroundings or a premium view.
Unconfirmed Permitting for Unit Conversions: Originally a single-family home, its expansion into three distinct units lacks explicit confirmation of full permitting and compliance with current zoning and building codes, potentially leading to legal or financial complications.

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