1607 Neptune Ave, Wilmington presents an excellent value-add and redevelopment opportunity in a centrally located neighborhood. This duplex features two separate 1-bedroom, 1-bathroom units, offering immediate income potential with significant upside.
The property is ideal for an investor or developer looking to add an ADU, expand the existing footprint, or scrape and build new to maximize the lot’s potential (buyer to verify all zoning and development possibilities with the City of Los Angeles).
Conveniently located near major freeways, ports, shopping, and employment centers, this is a rare opportunity to acquire a property with multiple exit strategies in an improving area.
Property is being sold AS-IS with Tenants In Place.
DO NOT WALK ON PROPERTY.
DO NOT DISTURB OCCUPANTS.
Under contract
Listed by: The Livingston Group Inc • Christopher Livingston • Contact: 562-726-4056
$590,000
1607 N Neptune Ave, Wilmington, CA 90744
2beds
2baths
1,020sqft
:
Get pre-qualified$3,931/mo
Duplex
Built in 1925
-- sqft lot
$574,400 Zestimate®
$578/sqft
$-- HOA
What's special
- 134 days |
- 41 |
- 2 |
Zillow last checked:
Listing updated:
Listed by:
Christopher Livingston DRE #01891045 562-726-4056,
The Livingston Group Inc
Source: CRMLS,MLS#: RS26025948
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
Appliances
- Laundry: None
Features
- Common walls with other units/homes: No Common Walls
Interior area
- Total structure area: 1,020
- Total interior livable area: 1,020 sqft
Property
Features
- Entry location: 1
- Pool features: None
Lot
- Size: 6,650 Square Feet
- Features: 0-1 Unit/Acre
Details
- Parcel number: 7421014002
- Special conditions: Trust
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Duplex
Condition
- New construction: No
- Year built: 1925
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Suburban
Location
- Region: Wilmington
Financial & listing details
- Price per square foot: $578/sqft
- Tax assessed value: $108,661
- Annual tax amount: $1,596
- Date on market: 2/4/2026
- Cumulative days on market: 134 days
- Listing terms: Cash to New Loan
Estimated market value
$574,400
$546,000 - $603,000
$2,634/mo
Price history
| Date | Event | Price |
|---|---|---|
| 5/31/2026 | Contingent | $590,000$578/sqft |
Source:  CRMLS #RS26025948 Report a problem | ||
| 4/8/2026 | Listed for sale | $590,000$578/sqft |
Source: CRMLS #RS26025948 Report a problem | ||
| 3/1/2026 | Listing removed | $590,000$578/sqft |
Source: CRMLS #RS26025948 Report a problem | ||
| 2/4/2026 | Listed for sale | $590,000$578/sqft |
Source: CRMLS #RS26025948 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,596 +0.3% | $108,661 +2% |
| 2024 | $1,591 +1.6% | $106,531 +2% |
| 2023 | $1,565 +4.3% | $104,443 +2% |
| 2022 | $1,501 +1.4% | $102,396 +2% |
| 2021 | $1,479 -0.7% | $100,389 +1% |
| 2020 | $1,489 | $99,360 +2% |
| 2019 | $1,489 +9.1% | $97,412 +2% |
| 2018 | $1,365 | $95,503 +2% |
| 2017 | $1,365 +2.2% | $93,631 +2% |
| 2016 | $1,336 +2.9% | $91,796 +1.5% |
| 2015 | $1,298 -0.2% | $90,418 +2% |
| 2014 | $1,300 | $88,648 +5.3% |
| 2010 | -- | $84,190 -0.2% |
| 2009 | -- | $84,391 +2% |
| 2008 | -- | $82,738 +2% |
| 2007 | -- | $81,117 +2% |
| 2006 | -- | $79,528 |
| 2005 | -- | $79,528 +4% |
| 2004 | -- | $76,441 +1.9% |
| 2003 | -- | $75,041 +2% |
| 2002 | -- | $73,571 +4% |
| 2000 | -- | $70,716 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: Wilmington
Nearby schools
GreatSchools rating
- 7/10Broad Avenue Elementary SchoolGrades: K-5Distance: 0.6 mi
- 6/10Wilmington Middle School STEAM MagnetGrades: 6-8Distance: 0.3 mi
- 5/10Phineas Banning Senior High SchoolGrades: 9-12Distance: 0.5 mi
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