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1526 Lakme Avenue, Wilmington, California 90744, Wilmington, 90744 - 3 bed, 2 bath

1526 Lakme Avenue, Wilmington, California 90744 home-pic-0
ACTIVE$740,000
1526 Lakme Avenue, Wilmington, California 90744
3Beds
2Baths
1,096Sqft
5,411Lot
Year Built
1952
Close
-
List price
$740K
Original List price
$750K
Price/Sqft
$675
HOA
-
Days on market
-
Sold On
-
MLS number
SB25107570
Home ConditionFair
Features
Good View: City Lights
Patio
ViewCity Lights

About this home

Possibly Over-Priced:The estimated price is 4% below the list price. We found 3 Cons,6 Pros. Rank: price - $740.0K(67th), sqft - 1096(46th), beds - 3(50th), baths - 2(50th).

Charming Move-In Ready Home with the oppertuity to Lease to own Welcome to this inviting 3-bedroom with a bonus room, 2 bath residence, and a versatile den that can easily serve as a fourth bedroom. This well-maintained property showcases tile flooring in the living room, kitchen, and bathrooms, while the bedrooms are comfortably carpeted, adding warmth to every space. This home has a 5.62% FHA assumable mortgage rate. Enjoy the added security and convenience of security screen doors at both the front and rear entrances. The detached double garage at the rear features an aluminum door with a garage door opener, plus laundry hook-ups for your convenience. A long driveway provides ample parking for guests and family. Step outside to discover a spacious backyard, highlighted by a large patio slab surrounded by block walls, perfect for outdoor gatherings. The beautifully landscaped yard includes a generous grass area and sprinkler systems in both the front and back yards, ensuring ease of maintenance. The front yard is fully fenced and thoughtfully landscaped, enhancing the home's curb appeal. With a well-maintained composition roof and a clear sense of pride in ownership, this home is in excellent condition inside and out, making it a must-see for prospective buyers. Don’t miss your chance to make this beautiful property your new home! Available for Rental: $5,000 monthly

Nearby schools

4/10
Broad Avenue Elementary School
Public,•K-5•0.5mi
4/10
Fries Avenue Elementary School
Public,•K-5•0.5mi
6/10
Gulf Avenue Elementary School
Public,•K-5•0.9mi
4/10
Wilmington Park Elementary School
Public,•K-5•1.0mi
3/10
George De La Torre Jr. Elementary School
Public,•K-5•1.3mi
4/10
Hawaiian Avenue Elementary School
Public,•K-5•1.6mi
4/10
Normont Elementary School
Public,•K-5•1.9mi
6/10
Harbor City Elementary School
Public,•K-5•2.5mi
5/10
Del Amo Elementary School
Public,•K-5•3.0mi
6/10
Eshelman Avenue Elementary School
Public,•K-5•3.1mi
9/10
Taper Avenue Elementary School
Public,•K-5•3.2mi
2/10
Barton Hill Elementary School
Public,•K-6•3.7mi
4/10
Frank Del Olmo Elementary School
Public,•K-6•19.3mi
8/10
Harry Bridges Span
Public,•K-8•0.5mi
5/10
Wilmington Middle School
Public,•6-8•0.8mi
4/10
Hudson K-8
Public,•K-8•2.4mi
6/10
Alexander Fleming Middle School
Public,•6-8•3.0mi
7/10
Rudecinda Sepulveda Dodson Middle School
Public,•6-8•3.8mi
4/10
Richard Henry Dana Middle School
Public,•6-8•4.8mi
5/10
Phineas Banning Senior High School
Public,•9-12•0.0mi
3/10
Cabrillo High School
Public,•9-12•2.6mi
5/10
Nathaniel Narbonne Senior High School
Public,•9-12•2.8mi
6/10
San Pedro Senior High School
Public,•9-12•4.9mi

Price History

Date
Event
Price
09/27/25
Price Change
$740,000+2.8%
08/08/25
Price Change
$720,000
06/12/25
Listing
$750,000
Condition Rating
Fair
The property, built in 1952, is described as 'move-in ready' and 'well-maintained,' which is supported by the images showing a clean exterior and functional interior spaces. However, the kitchen features very dated tile countertops and older appliances, while both bathrooms exhibit older tile styles, basic vanities, and fixtures that are clearly not modern. While the home is functional and appears to have been regularly maintained, the key areas of the kitchen and bathrooms show significant signs of being outdated, suggesting renovations, if any, were done 15-30 years ago. The lack of central cooling also contributes to it not meeting 'good' or 'excellent' standards for a modern home.
Pros & Cons

Pros

Great Schools: Elementary School: Taper Avenue Elementary School (9/10).
Assumable FHA Mortgage Rate: The property offers an attractive 5.62% FHA assumable mortgage rate, providing a significant financial advantage for eligible buyers in the current market.
Move-in Ready Condition: Described as a 'Charming Move-In Ready Home' with 'pride of ownership' and in 'excellent condition inside and out,' suggesting minimal immediate investment for new owners.
Versatile Living Space: Includes a 3-bedroom layout with a bonus room and a versatile den that can easily function as a fourth bedroom, offering flexible living arrangements.
Enhanced Outdoor Living & Curb Appeal: Features a spacious, landscaped backyard with a large patio slab, grass area, and sprinkler systems, complemented by a fully fenced and thoughtfully landscaped front yard.
Practical Parking & Garage Amenities: A detached double garage with an opener and laundry hook-ups, along with a long driveway, provides ample parking and utility space.

Cons

Age of Property: Built in 1952, the home is over 70 years old, which may imply older infrastructure, potential for outdated systems, and higher maintenance requirements compared to newer constructions.
Lack of Central Cooling System: The property description does not mention a central air conditioning system, which could be a significant drawback for comfort during warmer months in Southern California.
Dual Marketing Strategy: The property is offered for sale, lease-to-own, and rental ($5,000 monthly), which, while offering flexibility, could complicate the sales process or signal a specific seller motivation.

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