NOT LISTED FOR SALE

1025 Gulf Ave Wilmington, CA 90744

Estimated Value: $690,000 - $957,000

5 Beds
4 Baths
2,297 Sq Ft
$369/Sq Ft Est. Value

Sale Details

Date Sold: May 30, 2017

Last sale price $525,000 $229 Per Sq Ft

Est. 77% increase in value since last sale

Current estimated payment $5,657 / mo

4 Days on Market

Highlights

  • All Bedrooms Downstairs
  • Private Yard
  • Neighborhood Views
  • Traditional Architecture
  • No HOA
  • Built-In Features

About This Home

As of May 2017

Excellent income producing duplex, with excellent tenants. Front unit: 2 bedrooms 1 bath, back unit 3 bedrooms 1 bath.
Back house features: laminate flooring in living room and bedrooms, remodeled kitchen and bath, tile flooring, office area in hallway, nice dining room, open floor plan, private large back yard, laundry room and two car detached garage. Front unit has remodeled bath, carpeting throughout., big picture window overlooking green belt, laundry room and 2 car detached garage. Both tenants take pride in their homes and it shows well. Large lot with large units and both has detached 2 car garages. Excellent income and loving good paying tenants. Both families been there for years. Beautiful curb appeal.

Last Agent to Sell the Property

Margit Schatzlein

Margit Schatzlein, Broker License #01295661 Listed on: 04/14/2017

Last Buyer's Agent

Kevin Park

Keller Williams Realty License #01427224

Keller Williams Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1953

Lot Details

  • 7,506 Sq Ft Lot
  • 1 Common Wall
  • Wood Fence
  • Block Wall Fence
  • Level Lot
  • Private Yard
  • Lawn
  • Garden
  • Back Yard
  • Density is up to 1 Unit/Acre

Parking

  • 4 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Duplex
  • Traditional Architecture
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,297 Sq Ft Home
  • Built-In Features
  • Ceiling Fan
  • Living Room
  • Neighborhood Views

Kitchen

  • Gas Oven
  • Gas Range

Bedrooms and Bathrooms

  • 5 Bedrooms
  • All Bedrooms Down
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Gas Dryer Hookup

Additional Features

  • Accessible Parking
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 23
  • Tax Tract Number 2945
  • Assessor Parcel Number 7415029031

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $960
  • Insurance Expense $600
  • Trash Expense $1,100
  • Water Sewer Expense $1,300
  • New Taxes Expense $6,862
  • Operating Expense $10,222
  • Gross Income $38,916
  • Net Operating Income $28,694

Property Details

Home Type

Multi-Family

Year Built

Built in 1953

Lot Details

7,506 Sq Ft Lot

Parking

4

Listing Details

  • Property Attached: Yes
  • Road Surface Type: Paved
  • View: Yes
  • Water Sewer Expenses: 1300.00
  • Architectural Style: Traditional
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Gardener Expense: 960.00
  • Parcel Number: 7415029031
  • Year Built: 1953
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Built-in Features, Ceiling Fan(s)
  • Common Walls: 1 Common Wall
  • Accessibility Features: Parking
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 228.56
  • Room Type: All Bedrooms Down, Kitchen, Laundry, Living Room

Exterior Features

  • Foundation: Concrete Perimeter
  • View: Neighborhood
  • Fence: Yes
  • Fencing: Block, Wood
  • Pool Private: No
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Oven, Gas Range
  • Heating Type: Wall Furnace
  • Laundry Features: Gas Dryer Hookup, Individual Room, Inside
  • Sewer: Public Sewer
  • Trash Expense: 1100.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Back Yard, Garden, Lawn, Level with Street, Yard
  • Lot Size Sq Ft: 7506.00

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Income: 38916.00
  • Gross Scheduled Income: 38916.00
  • Insurance Expense: 600.00
  • Net Operating Income: 28694.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 10222.00
  • Rent Control: Yes
  • Total Expenses: 10222.00

Tax Info

  • New Taxes Expense: 6862.00
  • Tax Lot: 23
  • Tax Tract Number: 2945

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
Jan 3, 2020
Sold by
Bought by
Current Estimated Value
$928,363

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$358,000
Interest Rate
0.0372%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 14, 2017
Closed on
May 18, 2017
Sold by
Bought by
Seller's Agent
Margit Schatzlein
Margit Schatzlein, Broker
Buyer's Agent
Kevin Park
Keller Williams Realty
List Price
$549,000
Sold Price
$525,000
Premium/Discount to List
-$24,000
-4.37%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.38%
Original Mortgage
$367,500
Interest Rate
0.0408%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 14, 2017
Closed on
Apr 3, 2017
Sold by
Bought by
Seller's Agent
Margit Schatzlein
Margit Schatzlein, Broker
Buyer's Agent
Kevin Park
Keller Williams Realty
List Price
$549,000
Sold Price
$525,000
Premium/Discount to List
-$24,000
-4.37%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$367,500
Interest Rate
0.0408%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 1, 2009
Sold by
Bought by

Purchase Details

Closed on
Jul 2, 2009
Sold by
Bought by

Purchase Details

Closed on
Dec 29, 2008
Sold by
Bought by

Purchase Details

Closed on
Oct 19, 2001
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
-- Solidifi Title & Closing
$525,000 First American Title
-- --
-- Chicago Title
$355,000 Chicago Title
$200,000 Fidelity National Title Co
$386,330 Accommodation
-- --
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
Closed $358,000
Closed $367,500
Closed $260,000
Closed $122,200
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
05/30/2017 05/30/17 Sold $525,000 -4.4% $229 / Sq Ft
04/14/2017 04/14/17 For Sale $549,000 -- $239 / 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 $7,718 $609,300 $406,201 $203,099
2024 $7,607 $597,354 $398,237 $199,117
2023 $7,465 $585,642 $390,429 $195,213
2022 $7,126 $574,160 $382,774 $191,386
2021 $7,032 $562,903 $375,269 $187,634
2019 $6,827 $546,210 $364,140 $182,070
2018 $6,708 $535,500 $357,000 $178,500
2016 $4,879 $387,090 $228,984 $158,106
2015 $4,810 $381,277 $225,545 $155,732
2014 $4,837 $373,809 $221,127 $152,682
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PV17079530

California Regional Multiple Listing Service (CRMLS)

APN: 7415-029-031

Your Personal Tour Guide

Ask me questions while you tour the home.