Two-Unit
1319 E Colon St, Wilmington, CA 90744
For Sale
$589,999
One residence is occupied, while the rear residence will be delivered vacant.
Property Size1,628 SF
Price / SF$362.41
Days on Market130
Property Features for 1319 E Colon St
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Listing Agency:
Ernest & Cooper Realty
(310) 981-7003
Listed By:
Roxana Solis · License CA #01488001
(213) 364-1111
Source:
Exprealty
Added: Jul 9
Changed: Nov 5
Last Checked: Nov 14 at 6:19AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Ernest & Cooper Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,628-square-foot duplex contains two separate residential units, each configured with two bedrooms and one bathroom. The property offers a straightforward two-unit layout for an owner-occupant or investor seeking multifamily housing with distinct residences.
One unit is currently occupied by an established tenant, while the rear unit is scheduled for delivery vacant. The property is located at 1319 E Colon St in Wilmington, California 90744.
One unit is currently occupied by an established tenant, while the rear unit is scheduled for delivery vacant. The property is located at 1319 E Colon St in Wilmington, California 90744.
Key Highlights
- Two‑unit duplex totaling 1,628 square feet
- Two 2‑bedroom, 1‑bathroom residential units
- One unit is occupied by an established tenant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,340
Cap Rate
5.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$686,800
$686.8K
Cap Rate 7%
$490,571
$490.6K
Cap Rate 9%
$381,556
$381.6K
Market Conditions
NOI Build-Up for 1,628 SF
Gross rent
$50.8K $31.20/SF
− Vacancy
−$1.7K −$1.07/SF
EGI
$49.1K $30.13/SF
− OpEx
−$14.7K −$9.04/SF
NOI
$34.3K $21.09/SF
Area
Orange County, CA
Vacancy
3.42%
Lease Rate
$31.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$686,800
Cap Rate 7%
$490,571
Cap Rate 9%
$381,556
Alternative Uses
Best Use
Multifamily LT 5
$490.6K
$429.3K – $572.3K
NOI $34,340 @ 7.0% cap · market cap 5.82%
Second Best
Apartment 5plus
$443.9K
$388.4K – $517.9K
NOI $31,074 @ 7.0% cap · market cap 5.27%
Theoretical Best
Office A
$679.7K
$594.8K – $793.0K
NOI $47,580 @ 7.0% cap · market cap 8.06%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
416
Businesses Nearby
Explore this area
Business Placement
Demographics for 90744, CA
53,074
Population
15,536
Households
3.4
Avg Household Size
33
Median Age
9%
College-Educated
62%
High-School Grad
8.9 sq mi
ZIP Area
5,963
Density / Sq Mi
$61,440
Median Household Income
$32,781
Median Earnings
$1,426
Median Rent
$596,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Duplexes in Orange County, CA
Properties on Market for Duplexes in Orange County
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - One residence is occupied, while the rear residence will be delivered vacant.
Where is this duplex located?
The property is located at 1319 E Colon St Wilmington, CA.
What is the asking price?
The asking price for this property is $589,999.
What are key features of this property?
This property features: Two‑unit duplex totaling 1,628 square feet; Two 2‑bedroom, 1‑bathroom residential units; One unit is occupied by an established tenant
