NOT LISTED FOR SALE

1052 N Wilmington Blvd Wilmington, CA 90744

Estimated Value: $760,217 - $866,000

4 Beds
4 Baths
2,609 Sq Ft
$311/Sq Ft Est. Value

Last Sold April 27, 2021

Last sale price $610,000 $234 Per Sq Ft

Est. 33% increase in value since last sale

Current estimated payment $4,995/month

530 Days on Market

Highlights

  • Laundry Room
  • Level Lot
  • Front Yard

About This Home

As of April 2021

BACK ON THE MARKET! Investors this is a great opportunity!!!. This Quadruplex features in each unit: 1 bedroom, 1 bath and own front private yard and back yard, laundry area. All the units with tile flooring throughout, newer paint inside and updated plumbing.
This property has 5 single car garages and extra spaces to park with access through the alley. The lot has 8015 sqft.
Units are located walking distance to schools, parks, shops and freeways that facilitate to commute.
Each tenant pays for gas, electricity. Landlord pays for water and Trash and Ins.

Last Agent to Sell the Property

JANET VILLACIS

CENTURY 21 ADAMS & BARNES License #01035246 Listed on: 08/27/2019

CENTURY 21 ADAMS & BARNES

Last Buyer's Agent

Calvin Lo

Berkshire Hathaway HomeServices California Properties License #01869122

Berkshire Hathaway HomeServices California Properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,368

Year Built

  • Built in 1956

Lot Details

  • 8,008 Sq Ft Lot
  • Two or More Common Walls
  • Level Lot
  • Front Yard

Parking

  • 5 Car Garage

Home Design

  • 2,609 Sq Ft Home
  • Quadruplex

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Kitchen

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 11 / B
  • Tax Tract Number 400
  • Assessor Parcel Number 7415029011

Community Details

Overview

  • 4 Units

Building Details

  • 4 Leased Units
  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,021
  • Trash Expense $500
  • Water Sewer Expense $3,600
  • New Taxes Expense $7,150
  • Operating Expense $12,275
  • Gross Income $79
  • Net Operating Income $32,636

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,368

Year Built

Built in 1956

Lot Details

0

Parking

5

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Water Sewer Expenses: 3600.00
  • Zoning: LAC1.5
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 7415029011
  • Year Built: 1956
  • Special Features: None

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: One
  • Price Per Square Foot: 233.81

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 5.00
  • Total Parking Spaces: 5.00

Utilities

  • Laundry: Yes
  • Laundry Features: In Kitchen
  • Sewer: Public Sewer
  • Trash Expense: 500.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Level with Street
  • Lot Size Sq Ft: 8008.00
  • Lot Size Acres: 0.1838

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 79.17
  • Gross Scheduled Income: 42122.00
  • Insurance Expense: 1021.00
  • Lot Size Area: 8008.0000 Square Feet
  • Net Operating Income: 32636.00
  • 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
  • Number With Patio: 4
  • Operating Expense: 8140.00
  • Other Income1: 79.17
  • Other Income Description: billboard
  • Rent Control: Yes
  • Total Actual Rent: 3494.00
  • Total Expenses: 12275.00

Tax Info

  • New Taxes Expense: 7150.00
  • Tax Block: B
  • Tax Census Tract: 2945.10
  • Tax Lot: 11
  • Tax Tract Number: 400

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 10, 2021
Sold by
Alvarez Alfredo and Alvarez Guadalupe
Bought by
Lai Chien Fu and Chang Ling Yao
Current Estimated Value
$810,554

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$427,000
Interest Rate
4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 3, 2017
Sold by
Tegel
Bought by
Tegel

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%
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
Lai Chien Fu $610,000 Chicago Title
Tegel -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lai Chien Fu $427,000
Previous Owner Tegel --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/27/2021 04/27/21 Sold $610,000 -6.2% $234 / Sq Ft
02/07/2021 02/07/21 Pending -- -- --
10/17/2020 10/17/20 For Sale $650,000 0.0% $249 / Sq Ft
10/07/2020 10/07/20 Pending -- -- --
09/09/2020 09/09/20 For Sale $650,000 0.0% $249 / Sq Ft
08/07/2020 08/07/20 Pending -- -- --
08/06/2020 08/06/20 For Sale $650,000 0.0% $249 / Sq Ft
07/14/2020 07/14/20 Pending -- -- --
02/16/2020 02/16/20 For Sale $650,000 +6.6% $249 / Sq Ft
02/08/2020 02/08/20 Off Market $610,000 -- --
08/27/2019 08/27/19 For Sale $650,000 -- $249 / 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 $8,368 $660,282 $432,972 $227,310
2024 $8,368 $647,336 $424,483 $222,853
2023 $8,214 $634,644 $416,160 $218,484
2022 $7,847 $622,200 $408,000 $214,200
2021 $3,602 $257,539 $206,043 $51,496
2020 $3,974 $254,899 $203,931 $50,968
2019 $4,100 $249,902 $199,933 $49,969
2018 $3,938 $245,003 $196,013 $48,990
2016 $3,604 $235,491 $188,402 $47,089
2015 $3,445 $231,955 $185,573 $46,382
2014 $3,482 $227,412 $181,938 $45,474
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV19205591

California Regional Multiple Listing Service (CRMLS)

APN: 7415-029-011