NOT LISTED FOR SALE

1017 N Marine Ave Wilmington, CA 90744

Estimated Value: $1,099,000 - $1,337,512

4 Beds
8 Baths
-- Sq Ft
6,708 Sq Ft Lot

Last Sold April 26, 2013

Last sale price $590,000

Est. 106% increase in value since last sale

Current estimated payment $7,377/month

340 Days on Market

About This Home

As of April 2013

WELL MAINTAINED OLDER 8 UNIT BUILDING. RENTS HAVE GREAT UPSIDE POTENTIAL. ALL BATHROOMS HAVE BEEN REMODELED. MANY LONG TERM TENANTS. 4 DUPLEXES ON ONE LOT PLUS 4 GARAGES

Last Agent to Sell the Property

Fred DiBernardo

Fred DiBernardo License #00573495 Listed on: 03/23/2012

Last Buyer's Agent

Daron Case

Re/Max Commercial & Investment License #01702754

Re/Max Commercial & Investment

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,491

Year Built

  • Built in 1923

Lot Details

  • 6,708

Parking

  • 4 Car Garage

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 8 Bathrooms

Listing and Financial Details

  • Tax Lot 21
  • Tax Tract Number 55
  • Assessor Parcel Number 7420023019

Community Details

Overview

  • 4 Buildings
  • 8 Units

Building Details

  • 8 Leased Units
  • Rent Control
  • 8 Separate Electric Meters
  • 8 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $2,000
  • Maintenance Expense $1,500
  • Trash Expense $900
  • Water Sewer Expense $3,000
  • New Taxes Expense $7,000
  • Gross Income $4,669
  • Net Operating Income $41,406

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,491

Year Built

Built in 1923

Lot Details

0

Parking

4

Listing Details

  • Water Sewer Expenses: 3000.00
  • Property Type: Residential Income
  • Parcel Number: 7420023019
  • Year Built: 1923
  • Special Features: None
  • Property Sub Type: MultiFamily

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Trash Expense: 900.00

Multi Family

  • Gross Income: 4669.00
  • Gross Scheduled Income: 56028.00
  • Insurance Expense: 2000.00
  • Maintenance Expense: 1500.00
  • Net Operating Income: 41406.00
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 8
  • Number Of Units Total: 8
  • Operating Expense: 14622.00
  • Rent Control: Yes
  • Total Actual Rent: 4669.00

Tax Info

  • New Taxes Expense: 7000.00
  • Tax Lot: 21
  • Tax Tract Number: 55

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 3, 2017
Sold by
Tegel
Bought by
Tegel
Current Estimated Value
$1,218,256

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Interest Rate
4.14%

Purchase Details

Listed on
Mar 23, 2012
Closed on
Apr 23, 2013
Sold by
1017 Marine Avenue Llc
Bought by
Alvarado Rigoberto and Alvarado Carmen
Seller's Agent
Fred DiBernardo
Fred DiBernardo
Buyer's Agent
Daron Case
Re/Max Commercial & Investment
List Price
$635,000
Sold Price
$590,000
Premium/Discount to List
-$45,000
-7.09%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.49%
Original Mortgage
$413,000
Interest Rate
3.51%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 1, 2009
Sold by
Compton Creek Llc
Bought by
1017 Marine Avenue Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$202,500
Interest Rate
5%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Oct 27, 2009
Sold by
Yaraghchian Arash
Bought by
Compton Creek Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$202,500
Interest Rate
5%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Sep 25, 2009
Sold by
Arp Acquisitions Llc
Bought by
Yaraghchian Arash

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$202,500
Interest Rate
5%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jul 23, 2007
Sold by
Arp Acquisitions Llc
Bought by
Hodge Monique

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$702,000
Interest Rate
6.73%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Oct 13, 2005
Sold by
Arp Acquisitions Llc
Bought by
Combined Resources 1 Llc and Preferred Acquisitions 3 Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$522,000
Interest Rate
5.81%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Aug 25, 2005
Sold by
Yaraghchian Arash
Bought by
Arp Acquisitions Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$522,000
Interest Rate
5.81%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Apr 29, 2005
Sold by
Richardson Donald Lee and Richardson Helen G
Bought by
Yaraghchian Arash
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
Tegel -- --
Alvarado Rigoberto $590,000 Fidelity National Title Co
1017 Marine Avenue Llc -- None Available
Compton Creek Llc $382,500 Fidelity National Title Co
Yaraghchian Arash $544,682 None Available
Hodge Monique -- Investors Title Company
Combined Resources 1 Llc -- --
Arp Acquisitions Llc $660,000 Progressive Title Co
Yaraghchian Arash $552,500 Progressive Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Tegel --
Previous Owner Alvarado Rigoberto $413,000
Previous Owner 1017 Marine Avenue Llc $315,000
Previous Owner Compton Creek Llc $202,500
Previous Owner Yaraghchian Arash $100,000
Previous Owner Hodge Monique $702,000
Previous Owner Arp Acquisitions Llc $522,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/26/2013 04/26/13 Sold $590,000 -7.1% --
02/26/2013 02/26/13 Pending -- -- --
03/23/2012 03/23/12 For Sale $635,000 -- --
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 $9,491 $726,528 $430,993 $295,535
2024 $9,491 $712,284 $422,543 $289,741
2023 $9,321 $698,318 $414,258 $284,060
2022 $8,917 $684,627 $406,136 $278,491
2021 $8,803 $671,204 $398,173 $273,031
2019 $8,559 $652,228 $386,364 $265,864
2018 $8,467 $639,459 $378,789 $260,670
2016 $8,051 $613,736 $364,081 $249,655
2015 $7,952 $604,518 $358,613 $245,905
2014 $8,028 $592,678 $351,589 $241,089
Source: Public Records

Agents Affiliated with this Home

  • Fred DiBernardo

    Seller's Agent in 2013

    Fred DiBernardo

    Fred DiBernardo

    (310) 832-4572

    6 in this area

    142 Total Sales

    Fred DiBernardo
    Section Image
  • Daron Case

    Buyer's Agent in 2013

    Daron Case

    RE/MAX

    (310) 802-2500

    2 Total Sales

    Daron Case
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: S12038354

California Regional Multiple Listing Service (CRMLS)

APN: 7420-023-019

California Los Angeles County Wilmington 90744

1017 N Marine Ave, Wilmington, CA

This home is located at 1017 N Marine Ave, Wilmington, CA 90744 since 23 March 2012 and is currently estimated at $1,218,256. This property was built in 1923. 1017 N Marine Ave is a home located in Los Angeles County with nearby schools including Harry Bridges Span School, Phineas Banning Senior High School, and Sts. Peter And St. Paul School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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