NOT LISTED FOR SALE

11024 Wilmington Ave Los Angeles, CA 90059

Watts Neighborhood

Estimated Value: $759,000 - $948,000

6 Beds
4 Baths
2,738 Sq Ft
$319/Sq Ft Est. Value

Last Sold June 28, 2021

Last sale price $680,000 $248 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $5,485/month

1 Day on Market

About This Home

As of June 2021

A 1996 Duplex consisting of spacious 3 bedroom 2 bath units with 3 car parking each. Each unit with large spacious kitchens and there own Master bedrooms and master bathrooms. great investment for both owner occupied or Investment property

Last Agent to Sell the Property

Isaac Rosales

Berkshire Hathaway Home Srvs License #01389408 Listed on: 04/21/2021

Berkshire Hathaway Home Srvs

Last Buyer's Agent

Isaac Rosales

Berkshire Hathaway Home Srvs License #01389408 Listed on: 04/21/2021

Berkshire Hathaway Home Srvs

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,202

Year Built

  • Built in 1996

Lot Details

  • 3,284 Sq Ft Lot
  • Two or More Common Walls
  • Density is 2-5 Units/Acre

Home Design

  • 2,738 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Location

  • Urban Location

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 140
  • Tax Tract Number 20
  • Assessor Parcel Number 6067005040

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,100
  • Maintenance Expense $1,440
  • Other Expense $2,160
  • Professional Management Expense $2,584
  • New Taxes Expense $8,500
  • Operating Expense $15,784
  • Gross Income $50,133
  • Net Operating Income $34,349

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,202

Year Built

Built in 1996

Lot Details

0

Listing Details

  • CapRate: 5.05
  • Professional Management Expense: 2584.00
  • Property Attached: Yes
  • Zoning: LAC2
  • Property Type: Residential Income
  • Parcel Number: 6067005040
  • Year Built: 1996
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 248.36

Exterior Features

  • Pool Private: No

Utilities

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

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 3284.00
  • Lot Size Acres: 0.0754

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Multiplier: 13.16
  • Gross Operating Income: 50133.00
  • Gross Scheduled Income: 51684.00
  • Gross Spendable Income: 34349.00
  • Insurance Expense: 1100.00
  • Lot Size Area: 3284.0000 Square Feet
  • Maintenance Expense: 1440.00
  • Net Operating Income: 34349.00
  • 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: 15784.00
  • Other Expense: 2160.00
  • Other Expense Description: Utilitiy
  • Rent Control: No
  • Total Expenses: 15784.00
  • Vacancy Allowance: 1551
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 8500.00
  • Tax Census Tract: 2431.00
  • Tax Lot: 140
  • Tax Tract Number: 20

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 21, 2021
Closed on
Jun 23, 2021
Sold by
Gageire Llc
Bought by
Cruz Martin and Rodriguez Lorena
Seller's Agent
Isaac Rosales
Berkshire Hathaway Home Srvs
Buyer's Agent
Isaac Rosales
Berkshire Hathaway Home Srvs
List Price
$680,000
Sold Price
$680,000
Current Estimated Value
$872,801

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$192,801
Avg. Annual Appreciation
5.70%
Original Mortgage
$667,683
Outstanding Balance
$607,131
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$251,555

Purchase Details

Closed on
Aug 21, 2019
Sold by
Lugo Marielena Arcelia and Bravo Marielena
Bought by
Gagfire Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$86,373
Interest Rate
3.7%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jun 16, 2015
Sold by
Lugo Ruben A
Bought by
Bravo Marielena and Serrano Berta

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$397,664
Interest Rate
3.85%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 21, 2014
Sold by
Lugo Evangelina
Bought by
Lugo Ruben A

Purchase Details

Closed on
Jul 18, 2013
Sold by
Garcia Pedro
Bought by
Diablo Llc

Purchase Details

Closed on
Dec 4, 2004
Sold by
Garcia Emma V
Bought by
Garcia Pedro

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
5.65%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 22, 2004
Sold by
Garcia Pedro and Garcia Emma V
Bought by
Garcia Emma

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
5.65%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 11, 1998
Sold by
Contreras Jose Rolando and Contreras Emma Vidalia
Bought by
Contreras Emma Vidalia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$15,000
Interest Rate
7.07%
Mortgage Type
Unknown

Purchase Details

Closed on
Feb 25, 1997
Sold by
Jackson Clinton
Bought by
Contreras Jose Ralando

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$162,219
Interest Rate
7.86%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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

Date Buyer Sale Price Title Company
Cruz Martin $680,000 Stewart Title Of Ca Inc
Gagfire Llc $550,000 Stewart Title Of Ca Inc
Bravo Marielena $405,000 Pacific Coast Title Company
Lugo Ruben A -- None Available
Lugo Ruben A -- None Available
Diablo Llc $265,000 None Available
Garcia Pedro -- --
Garcia Emma -- Fidelity National Title Comp
Contreras Emma Vidalia -- --
Contreras Jose Ralando $166,500 Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cruz Martin $667,683
Previous Owner Gagfire Llc $86,373
Previous Owner Bravo Marielena $397,664
Previous Owner Garcia Pedro $50,000
Previous Owner Garcia Pedro $244,000
Previous Owner Garcia Emma $160,000
Previous Owner Contreras Jose Rolando $15,000
Previous Owner Contreras Jose Ralando $162,219
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/28/2021 06/28/21 Sold $680,000 0.0% $248 / Sq Ft
04/23/2021 04/23/21 Pending -- -- --
04/21/2021 04/21/21 For Sale $680,000 +240.0% $248 / Sq Ft
01/15/2014 01/15/14 Sold $200,000 -16.7% $73 / Sq Ft
07/26/2013 07/26/13 Pending -- -- --
04/10/2013 04/10/13 For Sale $240,000 -- $88 / 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 $9,202 $736,052 $432,972 $303,080
2024 $9,202 $721,621 $424,483 $297,138
2023 $9,026 $707,472 $416,160 $291,312
2022 $8,617 $693,600 $408,000 $285,600
2021 $7,120 $555,698 $252,590 $303,108
2020 $7,186 $550,000 $250,000 $300,000
2019 $5,626 $429,789 $159,181 $270,608
2018 $5,562 $421,362 $156,060 $265,302
2016 $5,292 $405,000 $150,000 $255,000
2015 $3,618 $265,000 $185,000 $80,000
2014 $3,113 $217,056 $33,890 $183,166
Source: Public Records

Agents Affiliated with this Home

  • I

    Seller's Agent in 2021

    Isaac Rosales

    Berkshire Hathaway Home Srvs

    Section Image

  • M

    Seller's Agent in 2014

    Miriam Sanchez

    VIP Real Estate Firm

See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB21080847

California Regional Multiple Listing Service (CRMLS)

APN: 6067-005-040

California Los Angeles County Los Angeles 90059 Watts

11024 Wilmington Ave, Los Angeles, CA

This home is located at 11024 Wilmington Ave, Los Angeles, CA 90059 since 21 April 2021 and is currently estimated at $872,801, approximately $318 per square foot. This property was built in 1996. 11024 Wilmington Ave is a home located in Los Angeles County with nearby schools including Grape Street Elementary School, Edwin Markham Middle School, and Jordan 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

Nearby Homes