NOT LISTED FOR SALE

1048 Watson Ave Wilmington, CA 90744

Estimated Value: $747,000 - $942,442

7 Beds
4 Baths
3,672 Sq Ft
$230/Sq Ft Est. Value

Last Sold October 11, 2016

Last sale price $376,250 $102 Per Sq Ft

Est. 124% increase in value since last sale

Current estimated payment $4,913/month

119 Days on Market

Highlights

  • Contemporary Architecture
  • Front Yard
  • 3-minute walk to Greenbelt Park
  • Corner Lot

About This Home

As of October 2016

Three unit income property, the duplex has one 2 bedroom apartment and one 1 bedroom apartment & a den the corner building has 4 bedrooms and a den with 2 baths. All units occupied, Currently has $37,020.00 per year income, sold in as is condition.

Last Agent to Sell the Property

Sal Sorrentino

Keller Williams Realty License #00494542 Listed on: 08/22/2016

Keller Williams Realty

Last Buyer's Agent

H. Kim Huntley

Howard Huntley, Broker License #00497788

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,897

Year Built

  • Built in 1960

Lot Details

  • 6,009 Sq Ft Lot
  • 1 Common Wall
  • Corner Lot
  • Level Lot
  • Front Yard

Parking

  • 2 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • 3,672 Sq Ft Home
  • Contemporary Architecture
  • Property Attached
  • Entry on the 1st floor
  • Composition Roof

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Bathrooms

Outdoor Features

  • Rain Gutters

Listing and Financial Details

  • Legal Lot and Block 1 / C
  • Assessor Parcel Number 7425033001

Community Details

Overview

  • 2 Buildings
  • 3 Units

Building Details

  • 3 Leased Units
  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gross Income $3,085

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,897

Year Built

Built in 1960

Lot Details

0

Parking

2

Listing Details

  • Property Attached: Yes
  • Architectural Style: Contemporary
  • Property Type: Residential Income
  • Parcel Number: 7425033001
  • Year Built: 1960
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Entry Location: Ground Level With Steps
  • Common Walls: 1 Common Wall
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 102.46

Exterior Features

  • Pool Private: No
  • Roof: Composition
  • Spa: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Connected
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Level with Street, Corner Lot
  • Lot Size Sq Ft: 6009.00
  • Price Per Lot Square Foot: 64.74

Multi Family

  • Gross Income: 3085.00
  • Gross Scheduled Income: 37020.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Rent Control: Yes
  • Total Actual Rent: 3085.00

Tax Info

  • Tax Block: C
  • Tax Lot: 1
  • Tax Tract Number: Wilm P

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 30, 2017
Sold by
Mark Icarus Lp
Bought by
Monark Lp
Current Estimated Value
$843,111

Purchase Details

Listed on
Aug 22, 2016
Closed on
Oct 3, 2016
Sold by
Mares Gaye and Mack Matthew B
Bought by
Mark Learus Lp
Seller's Agent
Sal Sorrentino
Keller Williams Realty
Buyer's Agent
H. Kim Huntley
Howard Huntley, Broker
List Price
$389,000
Sold Price
$376,250
Premium/Discount to List
-$12,750
-3.28%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.32%

Purchase Details

Closed on
Mar 15, 2006
Sold by
Mares Frank and Mares Gay
Bought by
Mares Frank and Mares Gaye
Source: Public Records

Range of Values:

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Average Value
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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
Monark Lp $2,076,000 None Available
Mark Learus Lp $376,500 Fidelity National Title Co
Mares Frank -- None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/11/2016 10/11/16 Sold $376,250 -3.3% $102 / Sq Ft
09/01/2016 09/01/16 Pending -- -- --
08/22/2016 08/22/16 For Sale $389,000 0.0% $106 / Sq Ft
08/05/2016 08/05/16 Pending -- -- --
07/11/2016 07/11/16 Price Changed $389,000 +2.6% $106 / Sq Ft
05/05/2016 05/05/16 For Sale $379,000 -- $103 / 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 $5,897 $455,125 $284,454 $170,671
2024 $5,897 $446,202 $278,877 $167,325
2023 $5,791 $437,454 $273,409 $164,045
2022 $5,534 $428,878 $268,049 $160,829
2021 $5,449 $420,470 $262,794 $157,676
2020 $5,497 $416,160 $260,100 $156,060
2019 $5,294 $408,000 $255,000 $153,000
2018 $5,169 $400,000 $250,000 $150,000
2016 $2,051 $144,715 $19,441 $125,274
2015 $2,025 $142,542 $19,149 $123,393
2014 $2,045 $139,750 $18,774 $120,976
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2016

    Sal Sorrentino

    Keller Williams Realty

    (310) 753-9781

    1 in this area

    50 Total Sales

    Sal Sorrentino
    Section Image

  • H

    Buyer's Agent in 2016

    H. Kim Huntley

    Howard Huntley, Broker

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB16095120

California Regional Multiple Listing Service (CRMLS)

APN: 7425-033-001

California Los Angeles County Wilmington 90744

1048 Watson Ave, Wilmington, CA

This home is located at 1048 Watson Ave, Wilmington, CA 90744 since 22 August 2016 and is currently estimated at $843,111, approximately $229 per square foot. This property was built in 1960. 1048 Watson Ave is a home located in Los Angeles County with nearby schools including Wilmington Park Elementary, Wilmington Middle School STEAM Magnet, and Phineas Banning Senior High 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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