NOT LISTED FOR SALE

1440 E O St Wilmington, CA 90744

Estimated Value: $652,000 - $743,000

5 Beds
2 Baths
1,559 Sq Ft
$441/Sq Ft Est. Value

Last Sold June 15, 2018

Last sale price $379,000 $243 Per Sq Ft

Est. 81% increase in value since last sale

Current estimated payment $4,047/month

427 Days on Market

About This Home

As of June 2018

Two Houses on a lot in the City if Wilmington. Front house is a 3 bedroom 1 bath that is 980 square feet of living space. Title shows this unit as being a 2 bedroom 1 bath. Rear house has an address of 1341 Blinn which consist of 2 bedrooms and 1 bath and is 579 square feet of living space....Close to freeways and minutes to the beach. Great for first time home buyers or passive rental income

Last Agent to Sell the Property

Tony Martinez

T.N.G Real Estate Consultants License #01487452 Listed on: 02/08/2017

T.N.G Real Estate Consultants

Last Buyer's Agent

Dominic Trott

Dominic Trott, Broker License #01905148

Dominic Trott, Broker

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1928

Lot Details

  • 4,768 Sq Ft Lot
  • 1 Common Wall
  • Corner Lot

Parking

  • 1 Car Garage

Home Design

  • 1,559 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Bathrooms

Utilities

  • Sewer on Bond

Listing and Financial Details

  • Tax Lot 173
  • Tax Tract Number 2941
  • Assessor Parcel Number 7426013001

Community Details

Overview

  • 2 Units

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $600
  • New Taxes Expense $4,737
  • Operating Expense $800
  • Gross Income $950

Property Details

Home Type

Multi-Family

Year Built

Built in 1928

Lot Details

0

Parking

1

Listing Details

  • Property Attached: Yes
  • Zoning: LAR1
  • Property Type: Residential Income
  • Parcel Number: 7426013001
  • Year Built: 1928
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 243.10

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 1.00
  • Total Parking Spaces: 1.00

Utilities

  • Sewer: Sewer On Bond
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot
  • Lot Size Sq Ft: 4768.00

Multi Family

  • Gross Income: 950.00
  • Gross Scheduled Income: 950.00
  • Insurance Expense: 600.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Rent Control: Yes
  • Total Expenses: 800.00

Tax Info

  • New Taxes Expense: 4737.00
  • Tax Census Tract: 2941.20
  • Tax Lot: 173
  • Tax Tract Number: 2941

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 8, 2017
Closed on
May 18, 2018
Sold by
Gamboa Norma
Bought by
Gamboa Rene
Seller's Agent
Tony Martinez
T.N.G Real Estate Consultants
Buyer's Agent
Dominic Trott
Dominic Trott, Broker
List Price
$379,000
Sold Price
$379,000
Current Estimated Value
$687,624

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$308,624
Avg. Annual Appreciation
8.18%

Purchase Details

Closed on
Jan 12, 2018
Sold by
Lucero Antonio and Lucero Norma M
Bought by
Terrazas Sergio and Gamboa Rene

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$372,135
Interest Rate
4.62%
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%
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
Gamboa Rene -- Old Republic Title Company
Terrazas Sergio $379,000 Old Republic Title
Tegel -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Terrazas Sergio $372,135
Previous Owner Tegel --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/15/2018 06/15/18 Sold $379,000 0.0% $243 / Sq Ft
04/11/2018 04/11/18 Pending -- -- --
02/08/2017 02/08/17 For Sale $379,000 -- $243 / 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 $5,407 $431,232 $284,454 $146,778
2024 $5,407 $422,777 $278,877 $143,900
2023 $5,307 $414,488 $273,409 $141,079
2022 $5,066 $406,362 $268,049 $138,313
2021 $5,000 $398,395 $262,794 $135,601
2020 $5,046 $394,311 $260,100 $134,211
2019 $4,854 $386,580 $255,000 $131,580
2018 $889 $59,974 $25,153 $34,821
2016 $832 $57,647 $24,177 $33,470
2015 $822 $56,782 $23,814 $32,968
2014 $837 $55,671 $23,348 $32,323
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: RS17027107

California Regional Multiple Listing Service (CRMLS)

APN: 7426-013-001