ActiveSingleFamilyResidence

414 Gulf Avenue

Wilmington, CA, 90744

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$700,000

MLS: SB26123697

Beds

2

Baths

1

Sq Ft

1,054

Lot

0.16 ac

Year Built

1954

MLS #

SB26123697

Days on Market

1

Listed

Jun 11, 2026

Description

Opportunity knocks in Wilmington! Welcome to this charming property offering a rare combination of move-in-ready comfort, thoughtful updates, and exceptional future potential. Situated on an expansive 7,183 square foot lot, this inviting home presents an outstanding opportunity for homeowners, investors, or those seeking room to grow. Inside, you'll find a remodeled bathroom, updated kitchen countertops, newer sink, dishwasher, and garbage disposal, along with dual-pane windows, recessed lighting, crown molding in the living and dining rooms, and a spacious laundry/storage room. Enjoy year-round comfort with central heating and air conditioning. The property is also equipped with leased solar panels for added energy efficiency. Major infrastructure improvements include copper plumbing and a recently installed 200-amp electrical service panel, providing added capacity and flexibility for modern living. The gated driveway offers secure parking, privacy, and convenient access to the generous backyard. An additional rear gate with alley access enhances the property's versatility and may provide opportunities for RV parking, boat storage, additional vehicle access, or future improvements. Whether you're dreaming of creating an outdoor entertaining space, adding a workshop, accommodating recreational vehicles, installing EV charging capabilities, or exploring future expansion opportunities, this property offers the space and flexibility to bring your vision to life. The oversized lot presents exciting possibilities for future expansion, an Accessory Dwelling Unit (ADU), multigenerational living, or rental income potential. Whether you envision hosting family gatherings, creating an outdoor entertainment area, establishing a garden oasis, accommodating recreational vehicles, or designing your dream backyard retreat, this versatile property provides the space and flexibility to make it a reality. The backyard is further enhanced by a mature fruit-bearing avocado tree, offering seasonal harvests and a true taste of Southern California living (buyer to verify all possibilities with the appropriate governmental agencies). Conveniently located near shopping, dining, schools, parks, major transportation routes, and the exciting new West Harbor waterfront development, this property combines everyday convenience with exceptional long-term potential. Interior photos coming soon!

Location

Wilmington, Los Angeles County, CA 90744

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Listed by: Sandra Hackney · Keller Williams Realty

Payment estimate

$5,282

/ month (est.)

Principal, interest, taxes, and insurance + PMI. Down payment: $70,000 · Loan: $630,000

%

Average 30-yr fixed rate 6.52% as of Jun 11, 2026 (Freddie Mac PMMS). Adjust to your quote.

Principal & Interest
$3,990
Property tax (1.25%)
$729
Homeowners insurance
$300
Mortgage insurance
$263
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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 Jun 11, 2026

30-year fixed
6.52%
15-year fixed
5.84%

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 $24,500 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

Only large teams outsell Mike Watson · Keller Williams Realty

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Listing data provided by the MLS · Presented by Watson & Associates · Keller Williams Realty · mikewatsonrealtor.com
All information deemed reliable but not guaranteed. Contact listing agent to verify.