1405 Lagoon Avenue, Wilmington, California 90744, Wilmington, 90744 - bed, bath
ACTIVE$769,900
1405 Lagoon Avenue, Wilmington, California 90744
0Bed
0Bath
1,476Sqft
5,550Lot
Year Built
1954
Close
-
List price
$770K
Original List price
$759K
Price/Sqft
$522
HOA
-
Days on market
-
Sold On
-
MLS number
SB24214254
Home ConditionFair
Features
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $769.9K(50th), sqft - 1476(17th), beds - undefined(50th), baths - undefined(50th).
Welcome to this charming TRIPLEX located at 1405 Lagoon Ave in Wilmington, CA. Each unit consists of 1 bed 1 bath w/garage and an ample 5,500 square foot lot. Property boasts, double pane windows, newer roof, copper plumbing, newer wall heaters, laminate flooring in all 3 kitchens. Units 1407 and 1409 kitchens w/granite counters. Conveniently located to churches, groceries, parks, schools, frwy's and transportation, making this TRIPLEX GEM a great start or additon to your real estate portfolio. DO NOT DISTURB OCCUPANTS..DRIVE BY ONLY
Nearby schools
4/10
Fries Avenue Elementary School
Public,•K-5•0.2mi
6/10
Gulf Avenue Elementary School
Public,•K-5•0.4mi
4/10
Broad Avenue Elementary School
Public,•K-5•0.7mi
3/10
George De La Torre Jr. Elementary School
Public,•K-5•1.1mi
4/10
Hawaiian 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•1.4mi
6/10
Harbor City Elementary School
Public,•K-5•2.0mi
6/10
Eshelman Avenue Elementary School
Public,•K-5•2.7mi
9/10
Taper Avenue Elementary School
Public,•K-5•2.7mi
2/10
Barton Hill Elementary School
Public,•K-6•3.3mi
5/10
Del Amo Elementary School
Public,•K-5•3.4mi
4/10
Frank Del Olmo Elementary School
Public,•K-6•19.5mi
8/10
Harry Bridges Span
Public,•K-8•0.5mi
5/10
Wilmington Middle School
Public,•6-8•0.5mi
6/10
Alexander Fleming Middle School
Public,•6-8•2.5mi
4/10
Hudson K-8
Public,•K-8•2.8mi
7/10
Rudecinda Sepulveda Dodson Middle School
Public,•6-8•3.3mi
4/10
Richard Henry Dana Middle School
Public,•6-8•4.5mi
5/10
Phineas Banning Senior High School
Public,•9-12•0.5mi
5/10
Nathaniel Narbonne Senior High School
Public,•9-12•2.4mi
3/10
Cabrillo High School
Public,•9-12•3.0mi
6/10
San Pedro Senior High School
Public,•9-12•4.6mi
Price History
Date
Event
Price
10/17/25
Price Change
$769,900+1.4%
10/21/24
Listing
$759,000
04/17/02
Sold
$185,000
Condition Rating
Fair
Built in 1954, this triplex has received significant functional updates including a newer roof, copper plumbing, double-pane windows, and newer wall heaters, indicating good maintenance. The kitchens feature laminate flooring and granite counters in two units, which are positive, but the cabinets appear older. The bathrooms are notably dated in style, fixtures, and tiling. While major systems are functional, the property's overall aesthetic and key areas like bathrooms show their age and would benefit from cosmetic updates to meet current standards, aligning with the 'fair' condition criteria.
Pros & Cons
Pros
Income-Generating Triplex: The property is a triplex, offering three separate rental units, making it an excellent investment opportunity for consistent rental income.
Significant Recent Upgrades: Boasts numerous recent improvements including double-pane windows, a newer roof, copper plumbing, newer wall heaters, and updated kitchens with laminate flooring (two with granite counters), reducing immediate capital expenditure for a new owner.
Individual Garages: Each unit includes its own garage, a highly desirable amenity for tenants providing secure parking and additional storage space.
Convenient Location: Strategically located with easy access to churches, groceries, parks, schools, freeways, and public transportation, enhancing tenant appeal and property value.
Ample Lot Size: Situated on a generous 5,500 square foot lot, offering potential for outdoor amenities, tenant recreation, or future expansion possibilities (subject to local zoning).
Cons
Small Unit Footprint: Each unit consists of 1 bed/1 bath, implying relatively small living spaces (approximately 492 sqft per unit), which may limit the tenant pool or rental income potential compared to larger units.
Age of Property: Built in 1954, despite recent upgrades, the underlying structure is older, which could lead to unforeseen maintenance issues or require more extensive renovations in the long term.
Limited Access for Showings: The instruction 'DO NOT DISTURB OCCUPANTS..DRIVE BY ONLY' restricts buyer access for thorough showings and inspections, potentially complicating due diligence and deterring some prospective buyers.