620 Gulf Avenue, Wilmington, California 90744, Wilmington, 90744 - bed, bath
ACTIVE$829,999
620 Gulf Avenue, Wilmington, California 90744
0Bed
0Bath
1,696Sqft
6,209Lot
Year Built
1924
Close
-
List price
$830K
Original List price
$850K
Price/Sqft
$489
HOA
-
Days on market
-
Sold On
-
MLS number
PW24122120
Home ConditionPoor
Features
View-
About this home
We found 3 Cons,6 Pros. Rank: price - $830.0K(67th), sqft - 1696(42th), beds - undefined(50th), baths - undefined(50th).
Well maintained duplex in the city of Wilmington Features 2 2-bedroom units on a large lot with access from the rear. The detached garage is located towards the rear of the property and can potentially be expanded and converted into a 3rd unit. Each unit is complete with washer/dryer hookups and the property has separate meters for electric and gas.
Nearby schools
4/10
Hawaiian Avenue Elementary School
Public,•K-5•0.3mi
3/10
George De La Torre Jr. Elementary School
Public,•K-5•0.4mi
6/10
Gulf Avenue Elementary School
Public,•K-5•0.6mi
4/10
Fries Avenue Elementary School
Public,•K-5•0.9mi
4/10
Wilmington Park Elementary School
Public,•K-5•1.6mi
4/10
Normont Elementary School
Public,•K-5•1.7mi
4/10
Broad Avenue Elementary School
Public,•K-5•1.7mi
9/10
Taper Avenue Elementary School
Public,•K-5•1.9mi
6/10
Harbor City Elementary School
Public,•K-5•2.1mi
2/10
Barton Hill Elementary School
Public,•K-6•2.3mi
6/10
Eshelman Avenue Elementary School
Public,•K-5•2.5mi
5/10
Del Amo Elementary School
Public,•K-5•4.4mi
4/10
Frank Del Olmo Elementary School
Public,•K-6•20.5mi
8/10
Harry Bridges Span
Public,•K-8•1.0mi
5/10
Wilmington Middle School
Public,•6-8•1.4mi
6/10
Alexander Fleming Middle School
Public,•6-8•2.5mi
7/10
Rudecinda Sepulveda Dodson Middle School
Public,•6-8•2.7mi
4/10
Hudson K-8
Public,•K-8•3.4mi
4/10
Richard Henry Dana Middle School
Public,•6-8•3.5mi
5/10
Phineas Banning Senior High School
Public,•9-12•1.3mi
5/10
Nathaniel Narbonne Senior High School
Public,•9-12•2.7mi
3/10
Cabrillo High School
Public,•9-12•3.4mi
6/10
San Pedro Senior High School
Public,•9-12•3.6mi
Price History
Date
Event
Price
01/29/10
Sold
$168,000
06/07/07
Sold
$480,000
Condition Rating
Poor
The property was built in 1924, making it 100 years old. While the description states 'well maintained,' there are no interior images provided, especially for kitchens and bathrooms. The property analysis explicitly notes 'unspecified modern upgrades' and the potential for 'older infrastructure (e.g., plumbing, electrical systems) that could require significant capital expenditure.' Given its age and the lack of any evidence of recent major renovations, it's highly probable that the interior, including kitchens and bathrooms, is severely outdated and requires substantial repairs and rehabilitation to meet modern standards and comfort.
Pros & Cons
Pros
Great Schools: Elementary School: Taper Avenue Elementary School (9/10).
Income-Generating Duplex: The property is a duplex featuring two 2-bedroom units, providing immediate rental income and a stable investment opportunity.
ADU Conversion Potential: A detached garage offers significant potential for conversion into a third Accessory Dwelling Unit (ADU), which could substantially increase rental income and property value.
Separate Utilities: Each unit is equipped with separate meters for electric and gas, simplifying tenant billing and reducing landlord management complexities.
Large Lot Size: The generous 6,209 sqft lot provides ample space for potential expansion, additional parking, or enhanced outdoor amenities for tenants.
Well-Maintained Condition: Explicitly described as 'well maintained,' suggesting the property has been cared for, potentially reducing immediate repair and maintenance costs for a new owner.
Cons
Property Age: Built in 1924, the property's age may imply older infrastructure (e.g., plumbing, electrical systems) that could require significant capital expenditure for upgrades or repairs in the future.
Unspecified Modern Upgrades: While 'well maintained,' the description lacks details on recent major renovations or modern amenities (e.g., updated kitchens/baths, central HVAC), which might be desired by tenants or expected for the price point.
ADU Conversion Costs: Although there's potential for a third unit, the costs, permits, and time associated with converting the detached garage into a legal ADU are not specified and could be substantial.