1060 Mcfarland Avenue, Wilmington, California 90744, Wilmington, 90744 - 7 bed, 3 bath

1060 Mcfarland Avenue, Wilmington, California 90744 home-pic-0
ACTIVE$1,195,000
1060 Mcfarland Avenue, Wilmington, California 90744
7Beds
3Baths
3,719Sqft
6,376Lot
Year Built
1921
Close
-
List price
$1.2M
Original List price
$1.55M
Price/Sqft
$321
HOA
-
Days on market
-
Sold On
-
MLS number
25530781
Home ConditionFair
Features
Good View: City Lights, Harbor
ViewCity Lights,Harbor

About this home

We found 3 Cons,5 Pros. Rank: price - $1.20M(98th), sqft - 3719(96th), beds - 7(96th), baths - 3(92th).

AVAILABLE FOR PURCHASE OR LEASE! 1060 and 1062 McFarland - NO RENT CONTROL **Charming & Versatile TWO-Home Property with Endless Potential!** Discover this stunning 6,376 sqft lot featuring two beautifully updated homes and a detached 3-car garage, delivered vacant and perfect for multi-generational living, rental income, or a spacious family retreat. Nestled in a desirable neighborhood, this property blends modern upgrades with timeless charm and incredible upside for future growth, including significant value-add opportunities through SB9 lot split potential. ** Front House 2,636 sqft, 5 Beds, 2 Baths** Recently remodeled, this expansive home offers flexibility and style. The upstairs boasts 3 bedrooms, 1 bathroom, a family kitchen, and a cozy fireplace, perfect for gatherings. Downstairs, find 2 large bedrooms, 1 bathroom, a convenient kitchenette, and a dedicated laundry room. With separate entrances, this home can function as a single-family haven or be partitioned into two distinct units for added income potential. Bright, open spaces, modern finishes, a charming front porch area, and a second-story balcony make this home move-in ready. The front house also features a private driveway with space for 3 cars, secured by a rolling security gate, and a gated entryway with a welcoming design. ** 1062 Mcfarland - Back House 1,083 sqft, 2 Beds, 1 Bath** Brand new and thoughtfully designed, the back house is a private retreat with its own address, private gated yard, and in-unit laundry. This 2-bedroom, 1-bathroom gem features a covered porch and is ideal for guests, extended family, or as a high-demand rental unit. Modern amenities and a charming layout ensure comfort and appeal. **Additional Features & Upside**- **SB9 Value-Add Opportunity**: The expansive 6,376 sqft lot is primed for SB9 lot splitting, allowing for the potential to create additional parcels and build new units, significantly increasing the property's value and income potential.- **Detached 3-Car Garage**: In excellent condition, this spacious garage with a covered porch offers ample storage or the potential to convert into an additional ADU for even more rental income or living space.- **6,376 sqft Lot**: The well-maintained lot provides endless possibilities to add another ADU, create a lush garden, or design an outdoor oasis. The size and layout make this property a rare find!- **Prime Location**: Enjoy the charm of a large lot while being close to schools, shops, and dining.- **Delivered Vacant**: Move in immediately or start generating rental income with no tenant complications. Whether you're seeking a spacious family compound, an investment with multiple income streams, or a property with room to grow, this unique estate delivers. Don't miss the chance to own a versatile property with unmatched potential! *NON RENT CONTROLLED PROPERTY* 1060 MCFARLAND IS AVAILABLE FOR $4750 A MONTH AND 1062 MCFARLAND IS AVAILABLE FOR $2750 A MONTH.

Nearby schools

4/10
Wilmington Park Elementary School
Public,K-50.4mi
4/10
Fries Avenue Elementary School
Public,K-50.8mi
3/10
George De La Torre Jr. Elementary School
Public,K-51.0mi
6/10
Gulf Avenue Elementary School
Public,K-51.1mi
4/10
Broad Avenue Elementary School
Public,K-51.2mi
4/10
Hawaiian Avenue Elementary School
Public,K-51.5mi
4/10
Normont Elementary School
Public,K-52.4mi
6/10
Harbor City Elementary School
Public,K-53.0mi
9/10
Taper Avenue Elementary School
Public,K-53.1mi
2/10
Barton Hill Elementary School
Public,K-63.3mi
5/10
Del Amo Elementary School
Public,K-53.5mi
6/10
Eshelman Avenue Elementary School
Public,K-53.6mi
4/10
Frank Del Olmo Elementary School
Public,K-620.0mi
8/10
Harry Bridges Span
Public,K-80.5mi
5/10
Wilmington Middle School
Public,6-81.5mi
4/10
Hudson K-8
Public,K-82.1mi
6/10
Alexander Fleming Middle School
Public,6-83.5mi
7/10
Rudecinda Sepulveda Dodson Middle School
Public,6-83.9mi
4/10
Richard Henry Dana Middle School
Public,6-84.5mi
5/10
Phineas Banning Senior High School
Public,9-120.8mi
3/10
Cabrillo High School
Public,9-122.2mi
5/10
Nathaniel Narbonne Senior High School
Public,9-123.4mi
6/10
San Pedro Senior High School
Public,9-124.6mi

Price History

Date
Event
Price
02/07/23
Sold
$550,000
02/12/21
Sold
$705,000
Condition Rating
Fair

The property consists of two homes. The front house, built in 1921, has been remodeled, featuring updated bathrooms and flooring. However, the kitchen appears older with painted cabinets and dated appliances. The back house is newly built. Overall, the property is aged but maintained with updates, placing it in fair condition.
Pros & Cons

Pros

Income Potential: The property features two separate homes, offering immediate rental income opportunities from both units.
SB9 Lot Split Potential: The large 6,376 sqft lot presents a significant value-add opportunity through SB9 lot splitting, potentially allowing for the creation of additional parcels and new units.
Detached 3-Car Garage: The spacious detached 3-car garage provides ample storage or the potential for conversion into an additional ADU, further enhancing income or living space.
Remodeled Front House: The front house has been recently remodeled, offering modern finishes and move-in ready condition.
New Back House: The back house is brand new and thoughtfully designed, providing a private retreat with modern amenities.

Cons

Year Built: Built in 1921, the property may require ongoing maintenance and potential upgrades due to its age.
Potential Renovation Costs: While the front house is remodeled, potential buyers should be prepared for possible costs associated with maintaining and updating an older property.
Limited Bathrooms: With 3 bathrooms for 7 bedrooms, the bathroom-to-bedroom ratio might be a concern for larger families or multiple tenants.

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