NOT LISTED FOR SALE

1116 N Wilmington Blvd Wilmington, CA 90744

Estimated Value: $681,000 - $807,000

2 Beds
2 Baths
1,025 Sq Ft
$734/Sq Ft Est. Value

Last Sold October 04, 2019

Last sale price $475,000 $463 Per Sq Ft

Est. 58% increase in value since last sale

Current estimated payment $4,525/month

8 Days on Market

Highlights

  • Private Yard
  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • No HOA
  • Laundry Room

About This Home

As of October 2019

Opportunity Knocks! Extra large lot currently with 2 units (1 Bedroom/1 Bath each) and two 1 car garages. Lot is zoned commercial and brings many possibilities. Keep as is and live in one and rent out the other or rent both units. Additional income potential: Seller has architectural plans expanding current living space and adding another unit. These plans may be available for sale. Buyer to do their own due diligence with the City of LA for potential uses.

Last Agent to Sell the Property

Raul Garcia

Circle Real Estate License #01347054 Listed on: 08/21/2019

Circle Real Estate

Last Buyer's Agent

Adela Randazzo

Keller Williams Realty License #01954846

Keller Williams Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,450

Year Built

  • Built in 1950

Lot Details

  • 8,010 Sq Ft Lot
  • 1 Common Wall
  • Private Yard

Parking

  • 2 Car Garage

Home Design

  • 1,025 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry Located Outside

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Listing and Financial Details

  • Legal Lot and Block 9 / B
  • Tax Tract Number 576
  • Assessor Parcel Number 7415023011

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,200
  • Trash Expense $600
  • Water Sewer Expense $600
  • New Taxes Expense $5,938
  • Operating Expense $8,338
  • Gross Income $33,600
  • Net Operating Income $25,262

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,450

Year Built

Built in 1950

Lot Details

0

Parking

2

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 600.00
  • Zoning: LAC1.5
  • Property Type: Residential Income
  • Parcel Number: 7415023011
  • Year Built: 1950
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 463.41

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Outside
  • Sewer: Public Sewer
  • Trash Expense: 600.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Yard
  • Lot Size Sq Ft: 8010.00
  • Lot Size Acres: 0.1839

Multi Family

  • Gross Income: 33600.00
  • Gross Scheduled Income: 33600.00
  • Insurance Expense: 1200.00
  • Lot Size Area: 8010.0000 Square Feet
  • Net Operating Income: 25262.00
  • 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: 8338.00
  • Rent Control: Yes
  • Total Expenses: 8338.00

Tax Info

  • New Taxes Expense: 5938.00
  • Tax Block: B
  • Tax Census Tract: 2945.10
  • Tax Lot: 9
  • Tax Tract Number: 576

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 21, 2019
Closed on
Sep 16, 2019
Sold by
Aguilar Albert and Aguilar Emily V
Bought by
Hernandez Nathalie
Seller's Agent
Raul Garcia
Circle Real Estate
Buyer's Agent
Adela Randazzo
Keller Williams Realty
List Price
$475,000
Sold Price
$475,000
Current Estimated Value
$752,139

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$277,139
Avg. Annual Appreciation
7.96%
Original Mortgage
$403,750
Outstanding Balance
$352,924
Interest Rate
3.5%
Estimated Equity
$399,215

Purchase Details

Listed on
Oct 18, 2016
Closed on
Nov 3, 2016
Sold by
Mahood Gina Milla
Bought by
Aguilar Albert and Aguilar Emily V
Seller's Agent
Jenny Yamada-Clayton
Estate Properties
Buyer's Agent
Jenny Yamada-Clayton
Estate Properties
List Price
$364,000
Sold Price
$360,000
Premium/Discount to List
-$4,000
-1.1%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.41%
Original Mortgage
$347,400
Interest Rate
3.62%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 22, 2015
Sold by
Mahood Gina Milla
Bought by
Mahood Gina Milla and Mahood Darrell

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$115,000
Interest Rate
3.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 27, 2015
Sold by
Mahood Gina Milla
Bought by
Mahood Gina Milla and Mahood Darrell

Purchase Details

Closed on
Aug 12, 2009
Sold by
Gonzalez Candelario
Bought by
Mahood Gina Milla

Purchase Details

Closed on
Nov 17, 1998
Sold by
Gonzalez Candelario
Bought by
Gonzalez Candelario and The Gonzalez Family Living Trust
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
Hernandez Nathalie $475,000 Stewart Title
Aguilar Albert $360,000 Wfg National Title Company
Mahood Gina Milla -- Ticor Title Company
Mahood Gina Milla -- None Available
Mahood Gina Milla -- None Available
Gonzalez Candelario -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hernandez Nathalie $403,750
Previous Owner Aguilar Albert $347,400
Previous Owner Mahood Gina Milla $115,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/04/2019 10/04/19 Sold $475,000 0.0% $463 / Sq Ft
08/29/2019 08/29/19 Pending -- -- --
08/21/2019 08/21/19 For Sale $475,000 +31.9% $463 / Sq Ft
12/16/2016 12/16/16 Sold $360,000 -1.1% $351 / Sq Ft
10/26/2016 10/26/16 Pending -- -- --
10/18/2016 10/18/16 For Sale $364,000 -- $355 / 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 $6,450 $519,477 $382,774 $136,703
2024 $6,450 $509,292 $375,269 $134,023
2023 $6,329 $499,307 $367,911 $131,396
2022 $6,040 $489,518 $360,698 $128,820
2021 $5,967 $479,921 $353,626 $126,295
2019 $4,723 $374,764 $208,080 $166,684
2018 $4,629 $367,420 $204,000 $163,420
2016 $3,857 $305,310 $218,079 $87,231
2015 $651 $36,323 $26,698 $9,625
2014 -- $35,613 $26,176 $9,437
Source: Public Records

Agents Affiliated with this Home

  • Raul Garcia

    Seller's Agent in 2019

    Raul Garcia

    Circle Real Estate

    (310) 753-0768

    7 in this area

    49 Total Sales

    Raul Garcia
    Section Image
  • Adela Randazzo

    Buyer's Agent in 2019

    Adela Randazzo

    Keller Williams Realty

    (310) 480-7359

    4 in this area

    99 Total Sales

    Adela Randazzo
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW19199964

California Regional Multiple Listing Service (CRMLS)

APN: 7415-023-011

California Los Angeles County Wilmington 90744

1116 N Wilmington Blvd, Wilmington, CA

This home is located at 1116 N Wilmington Blvd, Wilmington, CA 90744 since 21 August 2019 and is currently estimated at $752,139, approximately $733 per square foot. This property was built in 1950. 1116 N Wilmington Blvd is a home located in Los Angeles County with nearby schools including Gulf Avenue 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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