NOT LISTED FOR SALE

1410 E L St Wilmington, CA 90744

Estimated Value: $693,000 - $817,000

2 Beds
2 Baths
1,440 Sq Ft
$521/Sq Ft Est. Value

Last Sold October 31, 2019

Last sale price $525,000 $365 Per Sq Ft

Est. 43% increase in value since last sale

Current estimated payment $4,531/month

16 Days on Market

Highlights

  • Cooling System Mounted To A Wall/Window
  • Laundry Room
  • 2-minute walk to Greenbelt Park
  • Park
  • Privacy Fence

About This Home

As of October 2019

Investment opportunity near Wilmington Park Elementary, Wilmington Early Education Center and the newly improved E. Wilmington Greenbelt Park. All are just a short walking distance away. This updated and low maintenance Triplex consists of three 1 bedroom, 1 bath units. All units have washer & dryer hookups. Gated and private driveway that has access from both North and South ends that lead to the outside parking spaces. Please do not disturb tenants.

Last Agent to Sell the Property

Michelle Rimka

Vista Sotheby's International Realty License #02003912 Listed on: 09/09/2019

Vista Sotheby's International Realty

Last Buyer's Agent

SIG VERANO

Better Homes and Gardens Real Estate Town Center License #00666957

Better Homes and Gardens Real Estate Town Center

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,184

Year Built

  • Built in 1939

Lot Details

  • 5,398 Sq Ft Lot
  • No Common Walls
  • Privacy Fence
  • Fenced
  • Density is 2-5 Units/Acre

Home Design

  • 1,440 Sq Ft Home
  • Triplex

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Parking

  • 3 Open Parking Spaces
  • 3 Parking Spaces

Utilities

  • Cooling System Mounted To A Wall/Window

Listing and Financial Details

  • Tax Lot 137
  • Assessor Parcel Number 7425027041

Community Details

Overview

  • 3 Buildings
  • 3 Units

Recreation

  • Park

Building Details

  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $900
  • Operating Expense $5,042
  • Gross Income $34,560
  • Net Operating Income $29,518

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,184

Year Built

Built in 1939

Lot Details

0

Listing Details

  • Property Attached: No
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 7425027041
  • Year Built: 1939
  • Special Features: None

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 364.58

Exterior Features

  • Fence: Yes
  • Fencing: Privacy
  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 3.00
  • Uncovered Spaces: 3.00

Utilities

  • Laundry: Yes
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Park

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 5398.00
  • Lot Size Acres: 0.1239
  • Latitude Manual: 33.78741800

Multi Family

  • Gross Income: 34560.00
  • Gross Scheduled Income: 34560.00
  • Insurance Expense: 900.00
  • Lot Size Area: 5398.0000 Square Feet
  • Net Operating Income: 29518.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 5042.00
  • Rent Control: Yes
  • Total Expenses: 5042.00

Tax Info

  • Tax Lot: 137

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 9, 2019
Closed on
Sep 30, 2019
Sold by
Rabot Roberto Ranches and Rabot Grace F
Bought by
Casas Jose Luis and Casas Ines
Seller's Agent
Michelle Rimka
Vista Sotheby's International Realty
Buyer's Agent
SIG VERANO
Better Homes and Gardens Real Estate Town Center
List Price
$525,000
Sold Price
$525,000
Current Estimated Value
$749,771

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$224,771
Avg. Annual Appreciation
6.13%

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

Closed on
Sep 25, 2015
Sold by
Rabot Roberto R and Rabot Grace F
Bought by
Rabot Roberto Ranches and Rabot Grace Florida

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
3.89%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 24, 2012
Closed on
Apr 25, 2012
Sold by
Vazquez Carlos and Martin Elvira
Bought by
Rabot Roberto R and Rabot Grace F
Seller's Agent
Manuel Agosto
CASA CENTRAL REALTY
Buyer's Agent
Out of Area Out of Area
Out of Area
List Price
$160,000
Sold Price
$150,000
Premium/Discount to List
-$10,000
-6.25%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.77%
Original Mortgage
$112,500
Interest Rate
3.84%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 31, 2005
Sold by
Vazquez Carlos
Bought by
Vazquez Carlos and Martin Elvira

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$432,000
Interest Rate
7.99%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jul 15, 2005
Sold by
Nevarez Raul
Bought by
Vazquez Carlos

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$432,000
Interest Rate
7.99%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Dec 4, 1998
Sold by
Ferguson Donald D and Ferguson Pauline
Bought by
Ferguson Pauline and Ferguson Family 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
Casas Jose Luis $525,000 None Available
Tegel -- --
Rabot Roberto Ranches -- Provident Title Company
Rabot Roberto R $150,000 Ticor Title Insurance
Vazquez Carlos -- --
Vazquez Carlos $480,000 Security Union Title
Ferguson Pauline -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Tegel --
Previous Owner Rabot Roberto Ranches $200,000
Previous Owner Rabot Roberto R $112,500
Previous Owner Vazquez Carlos $432,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/31/2019 10/31/19 Sold $525,000 0.0% $365 / Sq Ft
09/09/2019 09/09/19 For Sale $525,000 +250.0% $365 / Sq Ft
06/08/2012 06/08/12 Sold $150,000 -6.3% $104 / Sq Ft View Prior Sale
02/21/2012 02/21/12 Pending -- -- --
01/24/2012 01/24/12 For Sale $160,000 -- $111 / 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 $7,184 $579,627 $415,582 $164,045
2024 $7,184 $568,263 $407,434 $160,829
2023 $7,049 $557,122 $399,446 $157,676
2022 $6,727 $546,199 $391,614 $154,585
2021 $6,643 $535,490 $383,936 $151,554
2020 $6,707 $530,000 $380,000 $150,000
2019 $2,330 $168,893 $90,076 $78,817
2018 $2,246 $165,582 $88,310 $77,272
2017 $2,198 $162,336 $86,579 $75,757
2016 $2,137 $159,154 $84,882 $74,272
2015 $2,109 $156,764 $83,607 $73,157
2014 $2,136 $153,694 $81,970 $71,724
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PV19215864

California Regional Multiple Listing Service (CRMLS)

APN: 7425-027-041