NOT LISTED FOR SALE

1214 E Sandison St Wilmington, CA 90744

6 Beds
6 Baths
3,924 Sq Ft
5,323 Sq Ft Lot

Last Sold May 13, 2014

Last sale price $435,000 $111 Per Sq Ft

11 Days on Market

About This Home

As of May 2014

CASH ONLY!!! Expenses are estimated. The Sandison Street Apartments have been very well maintained. Some highlights of the building, located on a corner lot, include 8 parking spaces secured by an automatic gate and newer paint on the interiors and exterior. The on-site manager in the 2 bedroom unit pays $600. The building is under L.A. City Rent Control. The property is located just north of Pacific Coast Highway, east of the 110 Freeway and west of the 710 Freeway in the city of Wilmington.

Last Agent to Sell the Property

Derek Fowler

Re/Max Commercial & Investment License #01319692 Listed on: 03/03/2014

Re/Max Commercial & Investment

Last Buyer's Agent

Daron Case

Re/Max Commercial & Investment License #01702754

Re/Max Commercial & Investment

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1960

Lot Details

  • 5,323 Sq Ft Lot
  • Two or More Common Walls
  • Corner Lot
  • Density is up to 1 Unit/Acre

Home Design

  • 3,924 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Bathrooms

Parking

  • 8 Parking Spaces
  • Parking Available
  • Covered Parking
  • Uncovered Parking
  • Assigned Parking

Location

  • Urban Location

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 001
  • Tax Tract Number 10
  • Assessor Parcel Number 7426010001

Community Details

Overview

  • 6 Units

Building Details

  • Rent Control
  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Gross Income $5,025
  • Net Operating Income $35,265

Property Details

Home Type

Multi-Family

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Assessments: Yes
  • CapRate: 7.27
  • Price Per Unit: 80833
  • Property Attached: Yes
  • Zoning: LAR1
  • Property Type: Residential Income
  • Parcel Number: 7426010001
  • Year Built: 1960
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 110.86

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Assigned, Covered, Uncovered
  • Total Parking Spaces: 8.00

Utilities

  • Utilities: Sewer Connected
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Sidewalks, Urban

Lot Info

  • Lot Features: 0-1 Unit/Acre, Corner Lot
  • Lot Size Sq Ft: 5323.00
  • Lot Size Acres: 0.1220

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average1 Bed Area: 630
  • Average2 Bed Area: 800
  • Average Studio Area: 400
  • Gross Income: 5025.00
  • Gross Multiplier: 8.04
  • Gross Scheduled Income: 60300.00
  • Lot Size Area: 5323.0000 Square Feet
  • Net Operating Income: 35265.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 6
  • Operating Expense: 22020.00
  • Operating Expense Percent: 36.52
  • Rent Control: Yes
  • Total Actual Rent: 5025.00
  • Vacancy Allowance: 3015
  • Vacancy Allowance Rate: 5.00

Tax Info

  • Tax Lot: 001
  • Tax Tract Number: 010

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/13/2014 05/13/14 Sold $435,000 -10.3% $111 / Sq Ft
03/14/2014 03/14/14 Pending -- -- --
03/03/2014 03/03/14 For Sale $485,000 -- $124 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Derek Fowler

    Seller's Agent in 2014

    Derek Fowler

    RE/MAX

    (310) 802-2552

    1 Total Sale

    Derek Fowler
    Section Image
  • Daron Case

    Buyer's Agent in 2014

    Daron Case

    RE/MAX

    (310) 802-2500

    2 Total Sales

    Daron Case
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB14045541

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Wilmington 90744

1214 E Sandison St, Wilmington, CA

This home is located at 1214 E Sandison St, Wilmington, CA 90744 since 03 March 2014. This property was built in 1960. 1214 E Sandison St 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.

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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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