NOT LISTED FOR SALE

1405 E Cruces St Wilmington, CA 90744

Estimated Value: $657,000 - $798,000

4 Beds
2 Baths
1,350 Sq Ft
$530/Sq Ft Est. Value

Last Sold October 15, 2021

Last sale price $620,000 $459 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $4,396/month

64 Days on Market

Highlights

  • Laundry Room
  • Front Yard
  • 2-minute walk to East Wilmington Vest Pocket Park

About This Home

As of October 2021

This is a must see. The back unit has been updated with new Kitchen Cabinets and Quartz counters, New Appliances, Recessed lighting, New flooring, New windows, a Remodeled Bathroom. The front unit is tenant occupied and they are paying $900 and are very nice. The tenants said they will move so you can have both units vacant Back unit needs a little work tenant has been there 30 years

Subject to cancellation of current escrow

Last Agent to Sell the Property

Keith Brabec

Century 21 Coastal Properties License #01206669 Listed on: 05/12/2021

Century 21 Coastal Properties

Last Buyer's Agent

Keith Brabec

Century 21 Coastal Properties License #01206669 Listed on: 05/12/2021

Century 21 Coastal Properties

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1928

Lot Details

  • 4,734 Sq Ft Lot
  • No Common Walls
  • Front Yard

Home Design

  • 1,350 Sq Ft Home

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Kitchen

Parking

  • 5 Open Parking Spaces
  • 5 Parking Spaces

Listing and Financial Details

  • Tax Lot 77
  • Assessor Parcel Number 7426009028

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,000
  • Water Sewer Expense $1,000
  • New Taxes Expense $5,800
  • Operating Expense $10,000
  • Net Operating Income $23,520

Property Details

Home Type

Multi-Family

Year Built

Built in 1928

Lot Details

0

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 1000.00
  • Zoning: LAR1
  • Property Type: Residential Income
  • Parcel Number: 7426009028
  • Year Built: 1928
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 459.26

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 5.00
  • Uncovered Spaces: 5.00

Utilities

  • Laundry: Yes
  • Laundry Features: In Closet, In Kitchen
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Lot Features: Front Yard
  • Lot Size Sq Ft: 4734.00
  • Lot Size Acres: 0.1087

Multi Family

  • Gross Scheduled Income: 33600.00
  • Insurance Expense: 1000.00
  • Lot Size Area: 4734.0000 Square Feet
  • Net Operating Income: 23520.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense Percent: 30.00
  • Rent Control: No
  • Total Expenses: 10000.00

Tax Info

  • New Taxes Expense: 5800.00
  • Tax Census Tract: 2941.20
  • Tax Lot: 77
  • Tax Tract Number: 000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 2, 1996
Sold by
Quintero Alberto T and Quintero Bernardina V
Bought by
Quintero Alberto T and Quintero Bernardina V
Current Estimated Value
$715,439

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$127,800
Outstanding Balance
$6,287
Interest Rate
7.82%
Estimated Equity
$709,152

Purchase Details

Closed on
Oct 2, 1995
Sold by
Quintero Alberto and Quintero Bernardina
Bought by
Quintero Alberto and Quintero Bernardina
Source: Public Records

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

Purchase History

Date Buyer Sale Price Title Company
Quintero Alberto T -- --
Quintero Alberto -- First American
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Quintero Alberto T $127,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/15/2021 10/15/21 Sold $620,000 +1.6% $459 / Sq Ft
07/16/2021 07/16/21 Pending -- -- --
07/10/2021 07/10/21 For Sale $610,000 0.0% $452 / Sq Ft
06/30/2021 06/30/21 Pending -- -- --
06/02/2021 06/02/21 Price Changed $610,000 +5.2% $452 / Sq Ft
05/12/2021 05/12/21 For Sale $579,900 +55.4% $430 / Sq Ft
02/05/2021 02/05/21 Sold $373,200 +6.6% $279 / Sq Ft View Prior Sale
12/22/2020 12/22/20 Pending -- -- --
09/12/2020 09/12/20 For Sale $350,000 -- $262 / 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 $8,168 $657,948 $477,543 $180,405
2024 $8,020 $645,048 $468,180 $176,868
2023 $7,866 $632,400 $459,000 $173,400
2022 $7,502 $620,000 $450,000 $170,000
2021 $2,480 $195,471 $143,059 $52,412
2020 $2,500 $193,468 $141,593 $51,875
2019 $2,408 $189,675 $138,817 $50,858
2018 $2,353 $185,957 $136,096 $49,861
2016 $2,236 $178,738 $130,812 $47,926
2015 $2,204 $176,055 $128,848 $47,207
2014 $2,223 $172,608 $126,325 $46,283
Source: Public Records

Agents Affiliated with this Home

  • Keith Brabec

    Seller's Agent in 2021

    Keith Brabec

    Century 21 Coastal Properties

    (310) 344-9322

    3 in this area

    72 Total Sales

    Keith Brabec
    Section Image
  • Allison Van Wig

    Seller's Agent in 2021

    Allison Van Wig

    Keller Williams Coastal Prop.

    (562) 882-1581

    253 Total Sales

    Allison Van Wig
    Section Image
  • Anne Irvin

    Buyer's Agent in 2021

    Anne Irvin

    Century 21 Coastal Properties

    (310) 995-2057

    10 Total Sales

    Anne Irvin
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB21099129

California Regional Multiple Listing Service (CRMLS)

APN: 7426-009-028

California Los Angeles County Wilmington 90744

1405 E Cruces St, Wilmington, CA

Not Listed for Sale

MultiFamily

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