NOT LISTED FOR SALE

1331 E M St Wilmington, CA 90744

Estimated Value: $689,000 - $743,000

4 Beds
3 Baths
1,434 Sq Ft
$506/Sq Ft Est. Value

Last Sold October 17, 2024

Last sale price $708,000 $494 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $4,671/month

61 Days on Market

Highlights

  • Outdoor Storage
  • Wood Fence
  • 1-Story Property
  • Ceiling Fan
  • Back Yard

About This Home

As of October 2024

Great for first-time homeowner or Investor. Excellent Triplex. The front building has two 1Bedroom/1bath units and have been renovated. THE REAR UNIT IS 2BEDROOM/ 1BATH WHICH IS VACANT and has also been renovated. The exterior of buildings have been recently painted. Conveniently located to shopping, freeway access, schools, parks, etc. Don't Miss this opportunity.

Last Agent to Sell the Property

Cesar Morales

Keller Williams Realty Brokerage Phone: 310-707-7712 License #01790324 Listed on: 05/26/2024

Keller Williams Realty

Last Buyer's Agent

Cesar Morales

Keller Williams Realty Brokerage Phone: 310-707-7712 License #01790324 Listed on: 05/26/2024

Keller Williams Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1924 | Remodeled

Lot Details

  • 4,816 Sq Ft Lot
  • 1 Common Wall
  • Wood Fence
  • Block Wall Fence
  • Back Yard

Home Design

  • Triplex
  • Raised Foundation
  • Interior Block Wall
  • Shingle Roof
  • Stucco

Interior Spaces

  • 1,434 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Blinds
  • Laminate Flooring
  • Fire and Smoke Detector
  • Gas Range

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Outdoor Features

  • Exterior Lighting
  • Outdoor Storage

Utilities

  • Water Heater

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 540
  • Tax Tract Number 540
  • Assessor Parcel Number 7425019026
  • $355 per year additional tax assessments

Community Details

Overview

  • 2 Buildings
  • 3 Units

Building Details

  • 2 Leased Units
  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $50
  • Insurance Expense $1,000
  • Trash Expense $300
  • Water Sewer Expense $2,400
  • New Taxes Expense $9,737
  • Operating Expense $3,500
  • Gross Income $30,576
  • Net Operating Income $17,089

Property Details

Home Type

Multi-Family

Year Built

Built in 1924 | Remodeled

Lot Details

0

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Road Surface Type: Alley Paved, Paved
  • Security: Smoke Detector(s)
  • View: No
  • Water Sewer Expenses: 2400.00
  • Zoning: LAR1
  • Property Condition: Updated/Remodeled
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Gardener Expense: 50.00
  • Parcel Number: 7425019026
  • Year Built: 1924
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Block Walls, Ceiling Fan(s)
  • Stories: 1
  • Common Walls: 1 Common Wall
  • Flooring: Laminate
  • Accessibility Features: See Remarks
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 493.72
  • Room Type: All Bedrooms Down
  • Window Features: Blinds

Exterior Features

  • Foundation: Raised
  • Other Structures: Storage
  • Exterior Features: Lighting
  • Fence: Yes
  • Fencing: Block, Wood
  • Pool Private: No
  • Roof: Shingle
  • Spa: No
  • Construction Materials: Block, Stucco

Garage/Parking

  • Parking: No

Utilities

  • Utilities: Sewer Connected, Water Connected
  • Laundry: No
  • Appliances: Gas Range, Water Heater
  • Electric: Electricity - On Property
  • Sewer: Public Sewer
  • Trash Expense: 300.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Land Lease Amount Frequency: Monthly
  • Lot Features: Back Yard
  • Lot Size Sq Ft: 4816.00
  • Lot Size Acres: 0.1106

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 30576.00
  • Gross Scheduled Income: 30576.00
  • Insurance Expense: 1000.00
  • Lot Size Area: 4816.0000 Square Feet
  • Net Operating Income: 17089.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 3
  • Operating Expense: 13487.00
  • Rent Control: Yes
  • Total Actual Rent: 30576.00
  • Total Expenses: 3500.00

Tax Info

  • New Taxes Expense: 9737.00
  • Tax Census Tract: 2946.20
  • Tax Lot: 540
  • Tax Tract Number: 540
  • TaxOtherAnnualAssessmentAmount: 355.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 8, 2024
Sold by
Garcia Eberardo and Loeza Ofelia
Bought by
Puerta Del Cielo Church
Current Estimated Value
$725,731

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$355,000
Interest Rate
6.35%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 31, 2022
Closed on
Apr 21, 2022
Sold by
Plascencia Delfina L
Bought by
Garcia Eberardo and Loeza Ofelia
Seller's Agent
Greg Thatcher
Vista Sotheby’s International Realty
Buyer's Agent
Nohemi Ramirez
Keller Williams South Bay
List Price
$749,000
Sold Price
$760,000
Premium/Discount to List
$11,000
1.47%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-1.23%
Original Mortgage
$570,000
Interest Rate
4.42%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 1, 2018
Closed on
Nov 29, 2018
Sold by
Flores Ernesto
Bought by
Plascencia Delfina L
Seller's Agent
ESTEBAN ROBLEDO
Elevate Real Estate Agency
Buyer's Agent
Greg Thatcher
Vista Sotheby’s International Realty
List Price
$475,000
Sold Price
$468,000
Premium/Discount to List
-$7,000
-1.47%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.47%
Original Mortgage
$300,000
Interest Rate
4.9%
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%

Purchase Details

Listed on
Feb 5, 2014
Closed on
Mar 19, 2014
Sold by
Robledo Maria Carmen
Bought by
Flores Ernesto
Seller's Agent
Jose Pardo
So Cal Properties
Buyer's Agent
Marisa Woods
Statewide Real Estate Co
List Price
$349,900
Sold Price
$350,000
Premium/Discount to List
$100
0.03%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.34%
Original Mortgage
$255,000
Interest Rate
4.3%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 5, 2014
Closed on
Feb 18, 2014
Sold by
Pardo Jose L and Pardo Jose L
Bought by
Flores Ernesto
Seller's Agent
Jose Pardo
So Cal Properties
Buyer's Agent
Marisa Woods
Statewide Real Estate Co
List Price
$349,900
Sold Price
$350,000
Premium/Discount to List
$100
0.03%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$255,000
Interest Rate
4.3%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 23, 2013
Closed on
Jul 26, 2013
Sold by
Rj Comm Properties Inc
Bought by
Pardo Jose L
Seller's Agent
Christina Maciel
Del Mar Realty
Buyer's Agent
Christina Maciel
Del Mar Realty
List Price
$299,998
Sold Price
$300,000
Premium/Discount to List
$2
0.0%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
33.04%
Original Mortgage
$225,000
Interest Rate
4.33%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 20, 2006
Sold by
Moore Stanley E and The S & S Family Trust
Bought by
Rj Comm Properties Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$217,000
Interest Rate
6.11%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Nov 5, 1999
Sold by
Moore Stanley E
Bought by
Moore Stanley E and S & S Family Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$85,000
Interest Rate
3.85%

Purchase Details

Closed on
Sep 24, 1999
Sold by
Trust Moore Stanley E Jr Tr S And S Fami
Bought by
Moore Stanley E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$85,000
Interest Rate
3.85%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Puerta Del Cielo Church $710,000 Fidelity National Title
Garcia Eberardo $760,000 Fidelity National Title
Plascencia Delfina L $468,000 Chicago Title Company
Tegel -- --
Flores Ernesto -- First American Title Company
Flores Ernesto $340,000 First American Title Company
Pardo Jose L $300,000 First American Title Company
Rj Comm Properties Inc -- Gateway Title Company
Moore Stanley E -- Continental Title
Moore Stanley E -- Continental Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Puerta Del Cielo Church $355,000
Previous Owner Garcia Eberardo $570,000
Previous Owner Plascencia Delfina L $300,000
Previous Owner Tegel --
Previous Owner Flores Ernesto $255,000
Previous Owner Pardo Jose L $225,000
Previous Owner Rj Comm Properties Inc $217,000
Previous Owner Moore Stanley E $85,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/17/2024 10/17/24 Sold $708,000 -2.9% $494 / Sq Ft
06/17/2024 06/17/24 Price Changed $729,000 -6.4% $508 / Sq Ft
05/26/2024 05/26/24 For Sale $779,000 +2.5% $543 / Sq Ft
05/10/2022 05/10/22 Sold $760,000 +1.5% $530 / Sq Ft View Prior Sale
04/27/2022 04/27/22 For Sale $749,000 -1.4% $522 / Sq Ft
04/22/2022 04/22/22 Off Market $760,000 -- --
04/10/2022 04/10/22 For Sale $749,000 -1.4% $522 / Sq Ft
04/09/2022 04/09/22 Off Market $760,000 -- --
04/09/2022 04/09/22 Pending -- -- --
03/31/2022 03/31/22 For Sale $749,000 +60.0% $522 / Sq Ft
12/28/2018 12/28/18 Sold $468,000 -1.5% $326 / Sq Ft View Prior Sale
11/27/2018 11/27/18 Pending -- -- --
11/01/2018 11/01/18 For Sale $475,000 +35.7% $331 / Sq Ft
03/20/2014 03/20/14 Sold $350,000 0.0% $244 / Sq Ft View Prior Sale
02/19/2014 02/19/14 Pending -- -- --
02/05/2014 02/05/14 For Sale $349,900 +16.6% $244 / Sq Ft
09/03/2013 09/03/13 Sold $300,000 0.0% $209 / Sq Ft View Prior Sale
07/25/2013 07/25/13 Pending -- -- --
07/23/2013 07/23/13 For Sale $299,998 -- $209 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $9,841 $710,000 $500,000 $210,000
2024 $9,841 $790,704 $520,200 $270,504
2023 $9,653 $775,200 $510,000 $265,200
2022 $6,083 $491,950 $315,353 $176,597
2021 $6,006 $482,305 $309,170 $173,135
2019 $5,831 $468,000 $300,000 $168,000
2018 $4,664 $366,302 $274,727 $91,575
2016 $4,454 $352,080 $264,060 $88,020
2015 $4,392 $346,792 $260,094 $86,698
2014 $3,943 $300,000 $200,000 $100,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB24106608

California Regional Multiple Listing Service (CRMLS)

APN: 7425-019-026