NOT LISTED FOR SALE

137 E I St Wilmington, CA 90744

Studio
8 Baths
2,600 Sq Ft
5,564 Sq Ft Lot

Last Sold April 15, 2016

Last sale price $610,000 $235 Per Sq Ft

115 Days on Market

About This Home

As of April 2016

-Price Reduction! -6.18% Cap Rate on Current & Upside North of a 7.56% Cap Rate -8 Bungalow-Style Studio Units & Under $81K per Door -Priced at Only 9.92 X Gross Rents -Remodeled Bathrooms & Newer Windows -Partial Copper Plumbing -Rent Controlled & Full Kitchen in Each Unit

Last Agent to Sell the Property

Jonathan Nikfarjam

Shield CRE, Inc. License #01856803 Listed on: 10/19/2015

Last Buyer's Agent

Jonathan Nikfarjam

Shield CRE, Inc. License #01856803 Listed on: 10/19/2015

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1912

Lot Details

  • 5,564 Sq Ft Lot

Interior Spaces

  • 8 Bathrooms
  • 2,600 Sq Ft Home
  • 1-Story Property

Listing and Financial Details

  • Assessor Parcel Number 7423-005-017

Community Details

Overview

  • 4 Buildings
  • 8 Units

Building Details

  • Vacancy Allowance $3,250

Property Details

Home Type

Multi-Family

Year Built

Built in 1912

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Living Area: 2600
  • Price Per Unit: 80625.00
  • Stories: 1
  • Year Built: 1912
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 8.00
  • Price Per S Q F T: 248.08

Exterior Features

  • Tennis Court Y/N: No
  • Construction: Wood
  • Pool: No
  • View: No

Utilities

  • Number Electric Meters: 8
  • Number Gas Meters: 8
  • Water Expense: 5826.00

Fee Information

  • Gas Expense: 1006.00
  • Insurance Expense: 1300.00
  • Maintenance Expense: 3200.00
  • Other Expense: 2400.00

Lot Info

  • Assessed Improvement Value: 94923
  • Assessed Land Value: 56643
  • Assessor Parcel Number: 7423-005-017
  • Geocode Override: No
  • Lot Size Area: 5564

Rental Info

  • Total Actual Rent: 65001.00

Multi Family

  • Unit Type: 2106
  • Gross Rent Multiplier: 9.92
  • Gross Scheduled Income: 65004.00
  • Number Of Units: 8
  • Rent Control: 100
  • Type Of Units: Studio
  • Vacancy Allow: 3250
  • Vacancy Allow Percent: 5.00

Tax Info

  • Tax Expense: 8063.00
  • Tax Total: 8063.00

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

Property History

Date Event Price List to Sale Price per Sq Ft
04/15/2016 04/15/16 Sold $610,000 -10.9% $235 / Sq Ft
02/11/2016 02/11/16 Pending -- -- --
10/19/2015 10/19/15 For Sale $685,000 -- $263 / Sq Ft
Source: The MLS

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 $10,172 $790,216 $496,856 $293,360
2024 $10,172 $774,722 $487,114 $287,608
2023 $9,203 $694,072 $455,130 $238,942
2022 $8,802 $680,463 $446,206 $234,257
2021 $8,691 $667,121 $437,457 $229,664
2020 $8,772 $661,082 $432,972 $228,110
2019 $8,449 $648,136 $424,483 $223,653
2018 $8,393 $635,444 $416,160 $219,284
2016 $2,548 $153,876 $57,506 $96,370
2015 $2,521 $151,566 $56,643 $94,923
2014 $2,583 $148,598 $55,534 $93,064
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 15-951685

The MLS