NOT LISTED FOR SALE

1011 Alton St Wilmington, CA 90744

Estimated Value: $620,000 - $725,000

4 Beds
2 Baths
1,340 Sq Ft
$516/Sq Ft Est. Value

Last Sold June 20, 2018

Last sale price $440,000 $328 Per Sq Ft

Est. 49% increase in value since last sale

Current estimated payment $4,121/month

153 Days on Market

About This Home

As of June 2018

Perfect for first time investors. 2 units low maintenance, 2 bed 1 bath each. Long term tenants with good rents and room for extra income. Drive by and call today.

Last Agent to Sell the Property

Michael Geluz

Legacy Realty & Investments License #01469084 Listed on: 12/02/2017

Last Buyer's Agent

Bryan Ibarra

CENTURY 21 KING License #01895514

CENTURY 21 KING

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,309

Year Built

  • Built in 1928

Lot Details

  • 4,759 Sq Ft Lot
  • No Common Walls
  • Front Yard
  • Density is 2-5 Units/Acre

Parking

  • 2 Car Garage
  • Parking Available
  • Front Facing Garage

Home Design

  • Duplex

Interior Spaces

  • 1,340 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 5
  • Tax Tract Number 5413
  • Assessor Parcel Number 7416011005

Community Details

Overview

  • 2 Units

Building Details

  • 2 Leased Units
  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • New Taxes Expense $5,238
  • Gross Income $24,000
  • Net Operating Income $24,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,309

Year Built

Built in 1928

Lot Details

0

Parking

2

Listing Details

  • Assessments: No
  • Other Phone Description: Agent
  • Property Attached: No
  • Zoning: LAR3
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 7416011005
  • Year Built: 1928
  • Special Features: None

Interior Features

  • Stories: 1
  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 328.36

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Garage Faces Front
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre, Front Yard
  • Lot Size Sq Ft: 4759.00

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average2 Bed Area: 670 Square Feet
  • Gross Income: 24000.00
  • Gross Scheduled Income: 24000.00
  • Net Operating Income: 24000.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Rent Control: Yes
  • Total Actual Rent: 2400.00

Tax Info

  • New Taxes Expense: 5237.50
  • Tax Census Tract: 2949.00
  • Tax Lot: 5
  • Tax Tract Number: 5413

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 2, 2017
Closed on
May 2, 2018
Sold by
Garcia Henry and Garden Garcia Laura
Bought by
Rodriguez Jerardo
Seller's Agent
Michael Geluz
Legacy Realty & Investments
Buyer's Agent
Bryan Ibarra
CENTURY 21 KING
List Price
$419,000
Sold Price
$440,000
Premium/Discount to List
$21,000
5.01%
Current Estimated Value
$656,509

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$216,509
Avg. Annual Appreciation
6.38%
Original Mortgage
$290,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 10, 2017
Sold by
Levinsky Robert and Levinsky Lydia
Bought by
Levinsky Levinsky Lydia Lydia and Levinsky Robert

Purchase Details

Closed on
Jan 6, 2017
Sold by
Garcia Henry
Bought by
Garcia Henry

Purchase Details

Closed on
Jun 3, 2016
Sold by
Levinsky Lydia Garcia
Bought by
Levinsky Robert and Levinsky Lydia

Purchase Details

Closed on
Feb 26, 2013
Sold by
Garcia Garcia Henry Henry and Garcia Levinsky Lydia
Bought by
Garcia Garcia Henry Henry and Garcia Levinsky Lydia

Purchase Details

Closed on
Apr 7, 2004
Sold by
Garcia Margaret
Bought by
Garcia Margaret and Margaret Garcia Family Trust

Purchase Details

Closed on
Feb 7, 1995
Sold by
Garcia Margaret and Margaret Garcia Family Trust
Bought by
Garcia Margaret

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$30,500
Interest Rate
9.23%
Source: Public Records

Range of Values:

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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

Date Buyer Sale Price Title Company
Rodriguez Jerardo $440,000 Wfg National Title Company
Levinsky Levinsky Lydia Lydia -- None Available
Garcia Henry -- None Available
Levinsky Robert -- None Available
Garcia Garcia Henry Henry -- None Available
Garcia Margaret -- --
Garcia Margaret -- Commonwealth Land Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Rodriguez Jerardo $290,000
Previous Owner Garcia Margaret $30,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/20/2018 06/20/18 Sold $440,000 +5.0% $328 / Sq Ft
05/04/2018 05/04/18 Pending -- -- --
03/04/2018 03/04/18 For Sale $419,000 0.0% $313 / Sq Ft
01/25/2018 01/25/18 Pending -- -- --
12/02/2017 12/02/17 For Sale $419,000 -- $313 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

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 $6,309 $500,641 $341,347 $159,294
2024 $6,309 $490,825 $334,654 $156,171
2023 $6,192 $481,202 $328,093 $153,109
2022 $5,913 $471,767 $321,660 $150,107
2021 $5,840 $462,517 $315,353 $147,164
2020 $5,896 $457,776 $312,120 $145,656
2019 $5,672 $448,800 $306,000 $142,800
2018 $745 $35,504 $19,153 $16,351
2016 $703 $34,127 $18,410 $15,717
2015 $697 $33,615 $18,134 $15,481
2014 $713 $32,957 $17,779 $15,178
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW17268264

California Regional Multiple Listing Service (CRMLS)

APN: 7416-011-005