NOT LISTED FOR SALE

Estimated Value: $836,000 - $1,153,000

4 Beds
2 Baths
3,840 Sq Ft
$262/Sq Ft Est. Value

Sale Details

Date Sold: April 21, 2017

Last sale price $651,000 $170 Per Sq Ft

Est. 55% increase in value since last sale

Current estimated payment $6,331 / mo

7 Days on Market

Highlights

  • Property is near park and public transit
  • No HOA
  • Wall Furnace
  • Lawn
  • Laundry Facilities

About This Home

As of April 2017

Great opportunity to own a 4-unit investment property in the heart of Wilmington. All units are spacious two bedrooms with one and a half baths. The majority of units have been updated a few short years ago. The property is situated on a spacious lot with onsite parking, long-term tenants and a charming garden area. This multi-family unit has strong rental demand with built-in upside for rents. All units are leased and it is located close to schools, super markets, shops and restaurants. Whether you are looking to purchase your first investment property or adding to your investment property portfolio, this property has it all.

Last Agent to Sell the Property

Alexander Yu

First Team Real Estate License #01492674 Listed on: 03/08/2017

First Team Real Estate

Last Buyer's Agent

Lee Markus Alli

Exquisite Estates, Inc. License #01167620

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,488

Year Built

  • Built in 1963

Lot Details

  • 5,973 Sq Ft Lot
  • No Common Walls
  • Lawn

Home Design

  • Quadruplex

Interior Spaces

  • 3,840 Sq Ft Home
  • 2-Story Property
  • Washer and Gas Dryer Hookup

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Parking

  • Parking Available
  • Tandem Uncovered Parking
  • Shared Driveway
  • Paved Parking
  • Uncovered Parking

Utilities

  • Wall Furnace
  • Natural Gas Connected

Additional Features

  • Exterior Lighting
  • Property is near park and public transit

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 15
  • Tax Tract Number 400
  • Assessor Parcel Number 7415030016

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 4 Leased Units
  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $420
  • Insurance Expense $1,800
  • Trash Expense $1,920
  • Water Sewer Expense $200
  • New Taxes Expense $7,488
  • Operating Expense $13,428
  • Gross Income $44,160
  • Net Operating Income $30,532

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,488

Year Built

Built in 1963

Lot Details

5,973 Sq Ft Lot

Listing Details

  • Assessments: Yes
  • CapRate: 5.00
  • Property Attached: No
  • Water Sewer Expenses: 200.00
  • Zoning: LAC1.5
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 420.00
  • Parcel Number: 7415030016
  • Year Built: 1963
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 169.53

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Uncovered, Shared Driveway, Concrete, Tandem Uncovered

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 1920.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lawn, Near Public Transit, Park Nearby
  • Lot Size Sq Ft: 5973.00

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average2 Bed Area: 960 Square Feet
  • Gross Income: 44160.00
  • Gross Scheduled Income: 43560.00
  • Insurance Expense: 1800.00
  • Net Operating Income: 30532.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 13628.00
  • Other Income1: 600.00
  • Other Income Description: Sign Rental
  • Rent Control: Yes
  • Total Actual Rent: 3630.00
  • Total Expenses: 13428.00

Tax Info

  • New Taxes Expense: 7488.00
  • Tax Census Tract: 2943.02
  • Tax Lot: 15
  • Tax Tract Number: 400
  • Tax Annual Amount: 7488.00

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 3, 2025
Sold by
Bought by
Current Estimated Value
$1,006,714

Purchase Details

Closed on
Jul 14, 2021
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$467,300
Interest Rate
0.029%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 8, 2017
Closed on
Apr 14, 2017
Sold by
Bought by
Seller's Agent
Alexander Yu
First Team Real Estate
Buyer's Agent
Lee Markus Alli
Exquisite Estates, Inc.
List Price
$609,000
Sold Price
$651,000
Premium/Discount to List
$42,000
6.9%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.81%
Original Mortgage
$488,250
Interest Rate
0.043%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 8, 2017
Closed on
Mar 22, 2017
Sold by
Bought by
Seller's Agent
Alexander Yu
First Team Real Estate
Buyer's Agent
Lee Markus Alli
Exquisite Estates, Inc.
List Price
$609,000
Sold Price
$651,000
Premium/Discount to List
$42,000
6.9%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$488,250
Interest Rate
0.043%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 2, 2006
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- None Listed On Document
-- New Title Company Name
-- Western Resources Title Co
$651,000 Western Resources Title Co
-- None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $467,300
Previous Owner $488,250
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
04/21/2017 04/21/17 Sold $651,000 +6.9% $170 / Sq Ft
03/08/2017 03/08/17 For Sale $609,000 -- $159 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $9,631 $755,535 $464,232 $291,303
2024 $9,482 $740,722 $455,130 $285,592
2023 $9,306 $726,199 $446,206 $279,993
2022 $8,886 $711,960 $437,457 $274,503
2021 $8,762 $698,001 $428,880 $269,121
2020 $8,844 $690,845 $424,483 $266,362
2019 $8,507 $677,300 $416,160 $261,140
2018 $8,398 $664,020 $408,000 $256,020
2016 $1,545 $96,498 $21,671 $74,827
2015 $1,528 $95,050 $21,346 $73,704
2014 $1,560 $93,189 $20,928 $72,261
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC17047049

California Regional Multiple Listing Service (CRMLS)

APN: 7415-030-016

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