NOT LISTED FOR SALE

1203 Ronan Ave Wilmington, CA 90744

Estimated Value: $1,460,204 - $1,599,000

8 Beds
4 Baths
3,917 Sq Ft
$391/Sq Ft Est. Value

Last Sold June 29, 2016

Last sale price $800,000 $204 Per Sq Ft

Est. 91% increase in value since last sale

Current estimated payment $9,165/month

35 Days on Market

About This Home

As of June 2016

An Excellent Investment Opportunity! Corner Property consisting of a 4 bedroom 2 bath House with its own private yards and driveway, and 4 unit's (2-3 bedroom, 1 bath and 2-1 bedroom, 1 bath). Owner lives in the 4 bdrm house, all units are leased. Units have own parking and private yard.

Last Agent to Sell the Property

Irma Vasconcelos

South Bay Coast Realty License #01277688 Listed on: 05/15/2016

Last Buyer's Agent

Maria Olmos

Y Realty License #00956497

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,284

Year Built

  • Built in 1923

Lot Details

  • 10,859 Sq Ft Lot
  • No Common Walls
  • Wood Fence
  • Private Yard
  • Density is up to 1 Unit/Acre

Home Design

  • 3,917 Sq Ft Home

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Parking

  • 4 Parking Spaces
  • Parking Available
  • Driveway

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 196
  • Tax Tract Number 2249
  • Assessor Parcel Number 7415011033

Community Details

Overview

  • 3 Buildings
  • 5 Units

Building Details

  • Rent Control
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,560
  • Insurance Expense $1,400
  • Professional Management Expense $3,600
  • Water Sewer Expense $4,560
  • New Taxes Expense $10,600
  • Gross Income $4,600
  • Net Operating Income $41,860

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,284

Year Built

Built in 1923

Lot Details

0

Listing Details

  • Professional Management Expense: 3600.00
  • Property Attached: No
  • Water Sewer Expenses: 4560.00
  • Property Type: Residential Income
  • Parcel Number: 7415011033
  • Year Built: 1923
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 204.24

Exterior Features

  • Fencing: Wood
  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Driveway
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Available
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs

Lot Info

  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Yard
  • Lot Size Sq Ft: 10859.00
  • Price Per Lot Square Foot: 73.67

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Electric Expense: 1560.00
  • Gross Income: 4600.00
  • Gross Scheduled Income: 55200.00
  • Insurance Expense: 1400.00
  • Net Operating Income: 41860.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 5
  • Operating Expense: 13340.00
  • Rent Control: Yes

Tax Info

  • New Taxes Expense: 10600.00
  • Tax Lot: 196
  • Tax Tract Number: 2249

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 16, 2024
Sold by
Gaffud Evangelista Nelson Jude
Bought by
Evangelista Long Term Living Trust and Evangelista
Current Estimated Value
$1,529,602

Purchase Details

Listed on
May 15, 2016
Closed on
Jun 15, 2016
Sold by
Evangelista Adelaida
Bought by
Evangelista Nelson
Seller's Agent
Irma Vasconcelos
South Bay Coast Realty
Buyer's Agent
Maria Olmos
Y Realty
List Price
$848,000
Sold Price
$800,000
Premium/Discount to List
-$48,000
-5.66%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.23%
Original Mortgage
$560,000
Interest Rate
3.64%
Mortgage Type
Commercial

Purchase Details

Listed on
May 15, 2016
Closed on
May 30, 2016
Sold by
Medrano Pedro and Medrano Rosa
Bought by
Evangelista Nelson
Seller's Agent
Irma Vasconcelos
South Bay Coast Realty
Buyer's Agent
Maria Olmos
Y Realty
List Price
$848,000
Sold Price
$800,000
Premium/Discount to List
-$48,000
-5.66%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$560,000
Interest Rate
3.64%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 22, 2002
Sold by
Romero Enrique Valenzuela
Bought by
Medrano Pedro and Medrano Rosa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$264,000
Interest Rate
5.86%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 2, 1999
Sold by
Rebuild La I Llc
Bought by
Medrano Pedro and Medrano Rosa I

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$273,173
Interest Rate
7.84%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 29, 1996
Sold by
Roldan Rodolfo S and Bank Of America Nt & Sa
Bought by
Bank Of America Nt & Sa

Purchase Details

Closed on
May 31, 1995
Sold by
Roldan Rodolfo S and Roldan Teresita P
Bought by
Roldan Family Ltd Partnership
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
Evangelista Long Term Living Trust -- None Listed On Document
Evangelista Nelson -- Provident Title Company
Evangelista Nelson $800,000 Provident Title Company
Medrano Pedro -- First American Title Co
Medrano Pedro $275,000 Stewart Title
Bank Of America Nt & Sa $199,375 Stewart Title
Roldan Family Ltd Partnership -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Evangelista Nelson $560,000
Previous Owner Medrano Pedro $264,000
Previous Owner Medrano Pedro $273,173
Closed Medrano Pedro $33,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/29/2016 06/29/16 Sold $800,000 -5.7% $204 / Sq Ft
06/19/2016 06/19/16 Pending -- -- --
05/15/2016 05/15/16 For Sale $848,000 -- $216 / 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 $12,284 $947,032 $591,896 $355,136
2024 $12,284 $928,464 $580,291 $348,173
2023 $12,063 $910,260 $568,913 $341,347
2022 $11,538 $892,412 $557,758 $334,654
2021 $11,390 $874,915 $546,822 $328,093
2020 $9,644 $865,945 $541,216 $324,729
2019 $11,072 $848,966 $530,604 $318,362
2018 $10,919 $832,320 $520,200 $312,120
2016 $5,162 $360,359 $131,408 $228,951
2015 $5,098 $354,947 $129,435 $225,512
2014 $5,155 $347,995 $126,900 $221,095
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: SB16103965

California Regional Multiple Listing Service (CRMLS)

APN: 7415-011-033