NOT LISTED FOR SALE

Estimated Value: $751,063

3 Beds
2 Baths
1,536 Sq Ft
$489/Sq Ft Est. Value

Sale Details

Date Sold: August 1, 2023

Last sale price $780,000 $508 Per Sq Ft

Est. 4% decrease in value since last sale

Current estimated payment $4,949 / mo

48 Days on Market

About This Home

As of August 2023

We 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

Alexandro Colombo

Keller Williams Coastal Prop. License #01927702 Listed on: 05/19/2023

Keller Williams Coastal Prop.

Last Buyer's Agent

Jefre Tolbert

Keller Williams Pacific Estate License #01898789

Keller Williams Pacific Estate
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Property Details

Home Type

  • Multi-Family

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
  • Entry on the 1st floor

Interior Spaces

  • 1,536 Sq Ft Home
  • 2-Story Property
  • Washer

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

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

Amenities

  • Laundry Facilities

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

Property Details

Home Type

Multi-Family

Year Built

Built in 1926

Lot Details

5,549 Sq Ft Lot

Listing Details

  • Ad Number: 310-978-7950
  • CapRate: 3.72
  • Property Attached: No
  • Zoning: LAR1
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 7421026026
  • Year Built: 1926
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 507.81

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Driveway
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Laundry: Yes
  • Laundry Features: Washer Hookup, Washer Included
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: Yes
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 5549.00
  • Lot Size Acres: 0.1274

Multi Family

  • Gross Income: 48540.00
  • Gross Multiplier: 16.17
  • Gross Scheduled Income: 48540.00
  • Insurance Expense: 1550.00
  • Lot Size Area: 5549.0000 Square Feet
  • Net Operating Income: 29172.00
  • 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: 17912.00
  • Rent Control: Yes
  • Total Expenses: 17912.00

Tax Info

  • Tax Block: K
  • Tax Census Tract: 2942.00
  • Tax Lot: 26
  • Tax Tract Number: 2465
  • TaxOtherAnnualAssessmentAmount: 364.00

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 13, 2025
Sold by
Bought by
Current Estimated Value
$751,063

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$640,000
Outstanding Balance
$633,192
Interest Rate
6.76%
Mortgage Type
New Conventional
Estimated Equity
$117,871

Purchase Details

Listed on
May 19, 2023
Closed on
Jul 18, 2023
Sold by
Bought by
Seller's Agent
Alexandro Colombo
Keller Williams Coastal Prop.
Buyer's Agent
Jefre Tolbert
Keller Williams Pacific Estate
List Price
$785,000
Sold Price
$780,000
Premium/Discount to List
-$5,000
-0.64%
Views
236

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-1.25%
Original Mortgage
$637,500
Interest Rate
6.69%
Mortgage Type
New Conventional

Purchase Details

Listed on
Dec 3, 2017
Closed on
Jan 15, 2018
Sold by
Bought by
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
Bought by
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
Bought by

Purchase Details

Closed on
Oct 31, 2007
Sold by
Bought by

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
Bought by

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
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Wilmington, CA

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- Corinthian Title Company
$780,000 Ticor Title Company
-- Fidelity National Title
$480,000 Fidelity National Title
-- --
$415,000 Cctc
-- Lawyers Title
$153,000 Commonwealth Land Title Co
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $640,000
Previous Owner $637,500
Previous Owner $525,000
Previous Owner $458,835
Previous Owner $461,761
Previous Owner $471,306
Previous Owner $292,000
Previous Owner $332,000
Previous Owner $346,500
Previous Owner $300,000
Previous Owner $253,950
Previous Owner $215,000
Previous Owner $10,000
Previous Owner $190,248
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
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 View Prior Sale
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $9,760 $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

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW23086773

California Regional Multiple Listing Service (CRMLS)

APN: 7421-026-026

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