1607 N Neptune
Wilmington, CA, 90744
$590,000
MLS: RS26025948
Beds
—
Baths
—
Sq Ft
1,020
Lot
0.15 ac
Year Built
1925
MLS #
RS26025948
Days on Market
115
Listed
Feb 4, 2026
Description
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.
Location
Wilmington, Los Angeles County, CA 90744
Open on Google Maps ↗Listed by: Christopher Livingston · The Livingston Group Inc
Listing information is provided courtesy of the Greater Antelope Valley Association of Realtors (GAVAR) and California Regional MLS (CRMLS). Information is deemed reliable but not guaranteed accurate by the MLS or by Mike Watson. All data, including square footage, lot size, room count, permits, and school assignment, should be independently verified. Properties shown may be listed by brokerages other than Keller Williams Realty. Listings are subject to prior sale, change, or withdrawal without notice.
Payment estimate
$4,812
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $59,000 · Loan: $531,000
Average 30-yr fixed rate 7.40% as of Oct 15, 2026 (Freddie Mac PMMS). Adjust to your quote.
- Principal & Interest
- $3,677
- Property tax (1.25%)
- $615
- Homeowners insurance
- $300
- Mortgage insurance
- $221
Login required. The full tool supports FHA / VA / USDA, PMI by credit tier, lender fees, and total cash to close — with your inputs here carried over.
Today's Rates
As of Oct 15, 2026
- 30-year fixed
- 7.40%
- 15-year fixed
- 6.71%
Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.
About the area · Mike Watson
About the Antelope Valley
The Antelope Valley spans Lancaster, Palmdale, Quartz Hill, Rosamond, Lake Los Angeles, California City, Edwards AFB, and the Plant 42 aerospace corridor. Mike Watson is a lifelong AV resident and the #1 producing individual Realtor in the region by transaction count. Every active listing on this site is paired with a free market analysis tailored to the specific street, honest financing guidance (FHA, VA, USDA, CalHFA, conventional, and assumable loans where the financing supports it), and side-by-side comparisons against the rest of the active inventory in your target ZIP.
Financing Options
FHA Financing — 3.5% Down＋
First-time and repeat buyers can purchase this Wilmington home with as little as 3.5% down using an FHA loan — roughly $20,650 down. FHA loans feature flexible credit guidelines and government-backed rates, making homeownership accessible for buyers who haven't saved a large down payment. Seller concessions up to 6% of the purchase price are also allowed.
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Local Market Stats
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Median sold price, days on market, active inventory, price brackets, and 12-month trends — pulled live from the MLS.
★#1 Producing Individual Realtor, Antelope Valley
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