614 Gulf
Wilmington, CA, 90744
$819,000
Original list price: $829,000
MLS: PV26180540
Beds
—
Baths
—
Sq Ft
2,006
Lot
0.14 ac
Year Built
1922
MLS #
PV26180540
Days on Market
60
Listed
Aug 21, 2026
Description
RARE FINANCING OPPORTUNITY: Assumable 3.50% Conventional Mortgage! Located within walking distance of the Wilmington Waterfront Park, this property features two homes on an oversized lot, making it ideal for either an owner-occupant seeking rental income or an investor looking for strong returns. The Front House (614 Gulf Ave) features 2 bedrooms, 1 bathroom, a fenced front yard, a covered porch, and a detached one-car garage with an indoor laundry area. The Back House (616 Gulf Ave) is nicely upgraded with 3 bedrooms and 2 bathrooms. It includes tile and laminate flooring, recessed lighting, ceiling fans, and a spacious living room. The kitchen features granite countertops and cherry-finished cabinets, and the indoor laundry area accommodates a full-sized washer and dryer. Additionally, both homes include a private yard area and an extra parking pad outside of each one-car garage. The property is conveniently located near parks, freeway access, shopping, and local eateries.
Location
Wilmington, Los Angeles County, CA 90744
Open on Google Maps ↗Listed by: Andrew Flores · Keller Williams Palos Verdes
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
$6,564
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $81,900 · Loan: $737,100
Average 30-yr fixed rate 7.40% as of Oct 15, 2026 (Freddie Mac PMMS). Adjust to your quote.
- Principal & Interest
- $5,104
- Property tax (1.25%)
- $853
- Homeowners insurance
- $300
- Mortgage insurance
- $307
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 $28,665 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.
Assumable Loan — Lock In a Below-Market Rate＋
This Wilmington property has an assumable mortgage, meaning a qualified buyer can take over the existing loan at its current interest rate — potentially far below today's market rates. Assumable financing can dramatically reduce your monthly payment and total interest cost over the life of the loan compared to qualifying for a new mortgage at prevailing rates. This is a rare and significant financial advantage; ask your agent for the current loan details.
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Local Market Stats
See Wilmington, CA 90744 market trends →
Median sold price, days on market, active inventory, price brackets, and 12-month trends — pulled live from the MLS.
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