NOT LISTED FOR SALE

1340 N Wilmington Blvd Wilmington, CA 90744

Estimated Value: $556,067 - $673,000

4 Beds
4 Baths
1,504 Sq Ft
$415/Sq Ft Est. Value

Last Sold January 10, 2024

Last sale price $528,000 $351 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $3,387/month

15 Days on Market

Highlights

  • No Units Above
  • Level Lot
  • 1-Story Property
  • No HOA
  • Wall Furnace

About This Home

As of January 2024

This four unit property is located just south of Pacific Coast Highway, in Wilmington. The four units consist of one 2 bedroom/1 bath, two 1 bedroom/1 bath units, and one studio/1 bath. There is gated off street parking.

Last Agent to Sell the Property

Paul Carrese

Coldwell Banker Realty License #01356791 Listed on: 11/30/2023

Coldwell Banker Realty

Last Buyer's Agent

Brittny Burford

Estate Properties License #01874928

Estate Properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $793

Year Built

  • Built in 1929

Lot Details

  • 5,730 Sq Ft Lot
  • No Units Above
  • 1 Common Wall
  • Level Lot

Home Design

  • Quadruplex
  • Entry on the 1st floor

Interior Spaces

  • 1,504 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Utilities

  • Wall Furnace
  • Septic Type Unknown

Listing and Financial Details

  • Tenant pays for electricity, trash collection
  • Tax Lot 41
  • Tax Tract Number 2249
  • Assessor Parcel Number 7415005011
  • $428 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 4 Units

Building Details

  • 4 Leased Units
  • Rent Control
  • 4 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Operating Expense $5,046
  • Gross Income $45,756
  • Net Operating Income $40,709

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$793

Year Built

Built in 1929

Lot Details

0

Listing Details

  • Assessments: Yes
  • Price Per Unit: 143750
  • Property Attached: Yes
  • Zoning: LAC1.5
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 7415005011
  • Year Built: 1929
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 1
  • Entry Location: 1
  • Common Walls: 1 Common Wall, No One Above
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 351.06

Exterior Features

  • Pool Private: No

Utilities

  • Heating: Yes
  • Laundry: No
  • Heating Type: Wall Furnace
  • Sewer: Unknown
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level
  • Lot Size Sq Ft: 5730.00
  • Lot Size Acres: 0.1315
  • Latitude Manual: 33.78977600

Rental Info

  • Tenant Pays: Electricity, Trash Collection

Multi Family

  • Gross Income: 45756.00
  • Gross Scheduled Income: 45756.00
  • Lot Size Area: 5730.0000 Square Feet
  • Net Operating Income: 40709.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 5046.00
  • Rent Control: Yes
  • Total Actual Rent: 3813.00
  • Total Expenses: 5046.00

Tax Info

  • Tax Census Tract: 2945.10
  • Tax Lot: 41
  • Tax Tract Number: 2249
  • TaxOtherAnnualAssessmentAmount: 428.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 3, 2017
Sold by
Tegel
Bought by
Tegel
Current Estimated Value
$624,017

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

Closed on
Mar 6, 2014
Sold by
Cardona Silvestre
Bought by
Cardona Silvestre S and The Silvestre S Cardona Trust
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Tegel -- --
Cardona Silvestre S -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Tegel --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/10/2024 01/10/24 Sold $528,000 -8.2% $351 / Sq Ft
12/15/2023 12/15/23 Pending -- -- --
11/30/2023 11/30/23 For Sale $575,000 -- $382 / 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 $793 $538,560 $357,000 $181,560
2024 $793 $29,980 $18,714 $11,266
2023 $786 $29,394 $18,348 $11,046
2022 $764 $28,819 $17,989 $10,830
2021 $748 $28,255 $17,637 $10,618
2020 $749 $27,967 $17,457 $10,510
2019 $735 $27,419 $17,115 $10,304
2018 $625 $26,882 $16,780 $10,102
2016 $585 $25,839 $16,129 $9,710
2015 $581 $25,452 $15,887 $9,565
2014 $612 $24,954 $15,576 $9,378
Source: Public Records

Agents Affiliated with this Home

  • Paul Carrese

    Seller's Agent in 2024

    Paul Carrese

    Coldwell Banker Realty

    (949) 285-4498

    3 in this area

    13 Total Sales

    Paul Carrese
    Section Image
  • Brittny Burford

    Buyer's Agent in 2024

    Brittny Burford

    RE/MAX

    (310) 897-8228

    1 in this area

    55 Total Sales

    Brittny Burford
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PV23218510

California Regional Multiple Listing Service (CRMLS)

APN: 7415-005-011

California Los Angeles County Wilmington 90744

1340 N Wilmington Blvd, Wilmington, CA

This home is located at 1340 N Wilmington Blvd, Wilmington, CA 90744 since 30 November 2023 and is currently estimated at $624,017, approximately $414 per square foot. This property was built in 1929. 1340 N Wilmington Blvd is a home located in Los Angeles County with nearby schools including Fries Avenue Elementary School, 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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