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

1060 Mcfarland Avenue, Wilmington, California 90744 home-pic-0
ACTIVE$1,149,000
1060 Mcfarland Avenue, Wilmington, California 90744
7Beds
3Baths
3,764Sqft
6,376Lot
Year Built
1921
Close
-
List price
$1.15M
Original List price
$1.18M
Price/Sqft
$305
HOA
-
Days on market
-
Sold On
-
MLS number
25574005
Home ConditionExcellent
Features
Good View: City Lights, Hills
Deck
Patio
ViewCity Lights,Hills

About this home

We found 3 Cons,5 Pros. Rank: price - $1.15M(98th), sqft - 3764(96th), beds - 7(96th), baths - 3(92th).

Welcome to 1060 & 1062 McFarland Ave, a rare TWO-home property offering versatility, space, and income potential in the heart of Wilmington. Situated on a 6,377 sq ft gated lot, this unique compound includes two separately metered residences, a detached 3-car garage, RV parking, and harbor views. 1060 McFarland Ave is a spacious, just-remodeled two-story 5bd/2ba home totaling 2,636 sq ft. The lower level offers 2 bedrooms, 1 full bathroom, a large living room, kitchenette, and a private laundry room with separate entrance. Upstairs, you'll find 3 additional bedrooms, 1 bathroom, a full kitchen, dining area with fireplace, and an expansive living room that opens to a private balcony with views of the harbor. With two distinct living spaces and entrances, this home is ideal for multigenerational living, rental income, or a large family seeking privacy and flexibility. 1062 McFarland Ave is a brand-new, fully permitted 1,138 sqft detached ADU with its own address and separate utilities. This single-level residence includes a bright and open living/dining area, in-unit laundry, and its own fenced-in private yard perfect for extended family or rental tenants. - Additional features include a detached 3-car garage with an oversized covered patio, a gated driveway with room for multiple vehicles or RV parking, and a well-maintained lot offering privacy and functionality. Whether you're looking for a multi-family investment, live-in-one-rent-the-other setup, or space to accommodate a growing household, this turnkey property delivers exceptional value and potential. Don't miss this one-of-a-kind opportunity in Wilmington!

Nearby schools

4/10
Wilmington Park Elementary School
Public,•K-5•0.4mi
4/10
Fries Avenue Elementary School
Public,•K-5•0.8mi
3/10
George De La Torre Jr. Elementary School
Public,•K-5•1.0mi
6/10
Gulf Avenue Elementary School
Public,•K-5•1.1mi
4/10
Broad Avenue Elementary School
Public,•K-5•1.2mi
4/10
Hawaiian Avenue Elementary School
Public,•K-5•1.5mi
4/10
Normont Elementary School
Public,•K-5•2.4mi
6/10
Harbor City Elementary School
Public,•K-5•3.0mi
9/10
Taper Avenue Elementary School
Public,•K-5•3.1mi
2/10
Barton Hill Elementary School
Public,•K-6•3.3mi
5/10
Del Amo Elementary School
Public,•K-5•3.5mi
6/10
Eshelman Avenue Elementary School
Public,•K-5•3.6mi
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•1.5mi
4/10
Hudson K-8
Public,•K-8•2.1mi
6/10
Alexander Fleming Middle School
Public,•6-8•3.5mi
7/10
Rudecinda Sepulveda Dodson Middle School
Public,•6-8•3.9mi
4/10
Richard Henry Dana Middle School
Public,•6-8•4.5mi
5/10
Phineas Banning Senior High School
Public,•9-12•0.8mi
3/10
Cabrillo High School
Public,•9-12•2.2mi
5/10
Nathaniel Narbonne Senior High School
Public,•9-12•3.4mi
6/10
San Pedro Senior High School
Public,•9-12•4.6mi

Price History

Date
Event
Price
08/19/25
Price Change
$1,149,000-2.2%
08/04/25
$1,175,000
02/07/23
Sold
$550,000
02/12/21
Sold
$705,000
Condition Rating
Excellent
The property features a 'brand-new, fully permitted ADU' and a 'just-remodeled' main house, indicating extensive recent renovations. Images show new-looking laminate flooring, fresh paint, modern recessed lighting, and updated kitchens (though some cabinets appear painted, not entirely new, and one kitchen has older-style tile). The overall condition is presented as 'turnkey,' aligning with the 'Excellent' criteria of being extensively renovated within 5 years with virtually new components, especially considering the brand-new ADU.
Pros & Cons

Pros

Dual-Residence Configuration: A rare two-home property with separate addresses and utilities, offering exceptional versatility for multi-generational living or significant rental income potential.
Brand-New, Permitted ADU: Features a newly constructed, fully permitted 1,138 sqft detached ADU, enhancing the property's value, income potential, and ability to accommodate extended family.
Extensive Parking & Storage: Includes a detached 3-car garage, oversized covered patio, gated driveway, and dedicated RV parking, providing ample space for vehicles and storage.
Remodeled Main Residence: The primary 5bd/2ba home (1060 McFarland Ave) has been recently remodeled, offering modern living spaces and a private balcony with harbor views.
Income & Investment Potential: Designed as a multi-family investment or a 'live-in-one-rent-the-other' setup, this turnkey property delivers exceptional value and financial flexibility.

Cons

Age of Primary Residence: While remodeled, the primary residence was built in 1921, which may imply potential for underlying older infrastructure (e.g., plumbing, electrical) not fully updated, or require ongoing maintenance typical of historic homes.
Neighborhood Perception: Wilmington, while offering convenience and harbor views, may not appeal to all buyers seeking a more upscale or rapidly appreciating neighborhood, potentially limiting the buyer pool compared to other areas.
Limited Modern Comforts (Inferred): The description does not explicitly mention central air conditioning throughout both units, which could be a consideration for comfort during warmer months, especially in the older main house.

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