Seller's Agent in 2023
Alexandro Colombo
Keller Williams Coastal Prop.
(562) 450-0420
1 in this area
26 Total Sales
1411 Lagoon Ave Wilmington, CA 90744
Estimated Value: $783,000 - $860,000
3
Beds
2
Baths
1,536
Sq Ft
$533/Sq Ft
Est. Value
About This Home
As of August 2023We are pleased to present two houses on a lot located in Wilmington, CA. The house to the south side will be delivered vacant and consists of a 2-story building featuring all new electrical, new flooring, new windows, new doors, and new electric HVAC. The top floor consists of a large, modern open-concept, one-bedroom & one-bath floor plan. The bottom floor of this house is a very large 2-car garage currently used as a “man-cave” featuring premium finishes and a bathroom (this garage conversion is non-conforming). This house presents a fenced front patio, a private back patio, off-street parking at the front of the property and two washer and dryer hookups - one on the top floor and one in the lower patio area. In addition, the house to the north side is an oversized two-bedroom & one-bath home with a bonus room. This house is currently rented at $2,100 per month (month to month) and features a small front yard and a very large private back patio. These houses offer great privacy from each other and all utilities —including the water meter— are completely separated.
The subject property offers easy access to Pacific Coast Highway and just a short 3-minute walk to the Wilmington Plaza Shopping Center that includes Gonzalez Northgate Market, CVS Pharmacy, Goodwill Store & Donation Center, Chase Bank and more. Conveniently located in close proximity to Fries Avenue Elementary School, Wilmington Middle School and Phineas Banning High School.
Last Agent to Sell the Property
Keller Williams Coastal Prop. License #01927702 Listed on: 05/19/2023
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $9,727
Year Built
- Built in 1926
Lot Details
- 5,549 Sq Ft Lot
- No Common Walls
- Density is up to 1 Unit/Acre
- Land Lease
Home Design
- Duplex
Interior Spaces
- 1,536 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Bathrooms
Laundry
- Laundry Room
- Washer
Parking
- 4 Parking Spaces
- Parking Available
- Driveway
Additional Features
- Urban Location
- Natural Gas Connected
Listing and Financial Details
- Legal Lot and Block 26 / K
- Tax Tract Number 2465
- Assessor Parcel Number 7421026026
- $364 per year additional tax assessments
Community Details
Overview
- 2 Buildings
- 2 Units
Building Details
- Rent Control
- 2 Separate Electric Meters
- 2 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $1,550
- Operating Expense $17,912
- Gross Income $48,540
- Net Operating Income $29,172
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 19, 2023
Closed on
Jul 18, 2023
Sold by
Garcia Mario A
Bought by
Navarro Gustavo and Shrum Donna
Seller's Agent
Alexandro Colombo
Keller Williams Coastal Prop.
Buyer's Agent
Jefre Tolbert
eXp Realty of California Inc
List Price
$785,000
Sold Price
$780,000
Premium/Discount to List
-$5,000
-0.64%
Views
253
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$38,061
Avg. Annual Appreciation
0.93%
Original Mortgage
$637,500
Outstanding Balance
$623,912
Interest Rate
6.69%
Mortgage Type
New Conventional
Estimated Equity
$170,831
Purchase Details
Listed on
Dec 3, 2017
Closed on
Jan 15, 2018
Sold by
Garcia Monica
Bought by
Garcia Samuel D
Seller's Agent
Cynthia Alvarez
ehomes
Buyer's Agent
Cynthia Alvarez
ehomes
List Price
$499,000
Sold Price
$480,000
Premium/Discount to List
-$19,000
-3.81%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.23%
Original Mortgage
$471,306
Interest Rate
3.94%
Mortgage Type
FHA
Purchase Details
Listed on
Dec 3, 2017
Closed on
Jan 12, 2018
Sold by
Garcia Samuel D
Bought by
Garcia Mario A
Seller's Agent
Cynthia Alvarez
ehomes
Buyer's Agent
Cynthia Alvarez
ehomes
List Price
$499,000
Sold Price
$480,000
Premium/Discount to List
-$19,000
-3.81%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$471,306
Interest Rate
3.94%
Mortgage Type
FHA
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
Oct 31, 2007
Sold by
Navarrette Andrew
Bought by
Garcia Samuel D and Garcia Monica
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$332,000
Interest Rate
6.17%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Sep 18, 2006
Sold by
Navarrette Margarita
Bought by
Navarrette Andrew S
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$346,500
Interest Rate
7.99%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Nov 17, 1998
Sold by
Felt Jimmie L and Felt Sally J
Bought by
Navarrette Andrew S and Navarrette Margarita
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$151,739
Interest Rate
6.86%
Mortgage Type
FHA
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Navarro Gustavo | $780,000 | Ticor Title Company | |
| Garcia Samuel D | -- | Fidelity National Title | |
| Garcia Mario A | $480,000 | Fidelity National Title | |
| Tegel | -- | -- | |
| Garcia Samuel D | $415,000 | Cctc | |
| Navarrette Andrew S | -- | Lawyers Title | |
| Navarrette Andrew S | $153,000 | Commonwealth Land Title Co |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Navarro Gustavo | $637,500 | |
| Previous Owner | Garcia Mario A | $525,000 | |
| Previous Owner | Garcia Mario A | $458,835 | |
| Previous Owner | Garcia Mario A | $461,761 | |
| Previous Owner | Garcia Mario A | $471,306 | |
| Previous Owner | Tegel | -- | |
| Previous Owner | Garcia Samuel D | $292,000 | |
| Previous Owner | Garcia Samuel D | $332,000 | |
| Previous Owner | Navarrette Andrew S | $346,500 | |
| Previous Owner | Navarrette Andrew S | $300,000 | |
| Previous Owner | Navarrette Andrew S | $253,950 | |
| Previous Owner | Navarrette Andrew S | $215,000 | |
| Previous Owner | Navarrette Andrew S | $190,248 | |
| Previous Owner | Navarrette Andrew S | $10,000 | |
| Previous Owner | Navarrette Andrew S | $151,739 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/01/2023 08/01/23 | Sold | $780,000 | -0.6% | $508 / Sq Ft |
| 05/19/2023 05/19/23 | For Sale | $785,000 | +63.5% | $511 / Sq Ft |
| 02/01/2018 02/01/18 | Sold | $480,000 | -3.8% | $313 / Sq Ft |
| 12/30/2017 12/30/17 | Pending | -- | -- | -- |
| 12/03/2017 12/03/17 | For Sale | $499,000 | -- | $325 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $9,727 | $795,600 | $561,000 | $234,600 |
| 2024 | $9,727 | $780,000 | $550,000 | $230,000 |
| 2023 | $6,666 | $524,948 | $328,093 | $196,855 |
| 2022 | $6,362 | $514,656 | $321,660 | $192,996 |
| 2021 | $6,282 | $504,565 | $315,353 | $189,212 |
| 2020 | $6,342 | $499,392 | $312,120 | $187,272 |
| 2019 | $6,098 | $489,600 | $306,000 | $183,600 |
| 2018 | $5,972 | $479,071 | $288,597 | $190,474 |
| 2016 | $5,704 | $460,471 | $277,392 | $183,079 |
| 2015 | $5,622 | $453,555 | $273,226 | $180,329 |
| 2014 | $5,650 | $444,671 | $267,874 | $176,797 |
Source: Public Records
Agents Affiliated with this Home
-
-
J
Buyer's Agent in 2023
Jefre Tolbert
eXp Realty of California Inc
(562) 316-6600
1 in this area
33 Total Sales
-
C
Seller's Agent in 2018
Cynthia Alvarez
ehomes
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW23086773
APN: 7421-026-026
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