$140,500
SOLD MAY 7, 2012

1515 E L St Wilmington, CA 90744

2 Beds
1 Bath
1,542 Sq Ft
5,206 Sq Ft Lot

Recently Sold

$91 Per Sq Ft

20% Below List Price

115 Days on Market

About This Home

As of December 2013

Wow! What a price on this affordable duplex. This property just fell out of escrow and is ready for a quick sale. If you hesitate you may miss out on this one. It appears both units are 2 bedrooms and 1 bath.

Last Agent to Sell the Property

Rob Buchan

Keller Williams Realty License #00687340 Listed on: 12/09/2011

Keller Williams Realty

Last Buyer's Agent

Mike Marcu

Mike Marcu, Broker License #00919594

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,920

Year Built

  • Built in 1929

Lot Details

  • 5,206 Sq Ft Lot

Parking

  • 2 Parking Spaces

Home Design

  • 1,542 Sq Ft Home

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Listing and Financial Details

  • Tax Lot 4
  • Tax Tract Number 960
  • Assessor Parcel Number 7425028004

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gross Income $1,200
  • Net Operating Income $11,520

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,920

Year Built

Built in 1929

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Parcel Number: 7425028004
  • Year Built: 1929
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Price Per Square Foot: 91.12

Garage/Parking

  • Total Parking Spaces: 2.00

Lot Info

  • Lot Size Sq Ft: 5206.00
  • Lot Size Acres: 0.1200

Multi Family

  • Gross Income: 1200.00
  • Gross Scheduled Income: 14400.00
  • Lot Size Area: 5206.0000 Square Feet
  • Net Operating Income: 11520.00
  • 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: 2880.00
  • Rent Control: Yes

Tax Info

  • Tax Lot: 4
  • Tax Tract Number: 960
  • Tax Year: 2011

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 3, 2017
Sold by
Tegel
Bought by
Tegel
Current Estimated Value
$670,450

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

Listed on
Jun 30, 2013
Closed on
Nov 22, 2013
Sold by
Mittal Ram K
Bought by
Clark Isabel
Seller's Agent
Mike Marcu
Mike Marcu, Broker
Buyer's Agent
Art Gonzalez
Long Beach Realty, Inc.
List Price
$295,000
Sold Price
$250,000
Premium/Discount to List
-$45,000
-15.25%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.66%
Original Mortgage
$187,500
Interest Rate
4.23%
Mortgage Type
New Conventional

Purchase Details

Listed on
Dec 9, 2011
Closed on
Apr 25, 2012
Sold by
U S Bank National Association
Bought by
Mittal Ram K and Mittal Lillian B
Seller's Agent
Rob Buchan
Keller Williams Realty
Buyer's Agent
Mike Marcu
Mike Marcu, Broker
List Price
$174,900
Sold Price
$140,500
Premium/Discount to List
-$34,400
-19.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
44.01%

Purchase Details

Closed on
Dec 2, 2010
Sold by
Ceja Miguel G and Ceja Mary K
Bought by
Bank Of America National Association

Purchase Details

Closed on
Jul 11, 2006
Sold by
Ceja Miguel G and Ceja Mary K
Bought by
Ceja Miguel G and Ceja Mary K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
7.05%
Mortgage Type
New Conventional
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 Type Sale Price Title Company
Deed -- --
Grant Deed $250,000 First American Title Company
Interfamily Deed Transfer -- First American Title Company
Grant Deed $140,500 Ticor Title Riverside
Trustee Deed $189,382 Accommodation
Interfamily Deed Transfer -- Chicago Title Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $302,000 New Conventional
Closed $300,000 New Conventional
Closed -- No Value Available
Previous Owner $187,500 New Conventional
Previous Owner $22,000,000 Credit Line Revolving
Previous Owner $25,000 Credit Line Revolving
Previous Owner $300,000 New Conventional
Previous Owner $200,000 Fannie Mae Freddie Mac
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/06/2013 12/06/13 Sold $250,000 -15.3% $162 / Sq Ft
10/09/2013 10/09/13 Pending -- -- --
06/30/2013 06/30/13 For Sale $295,000 +110.0% $191 / Sq Ft
05/07/2012 05/07/12 Sold $140,500 -19.7% $91 / Sq Ft
04/02/2012 04/02/12 Pending -- -- --
12/09/2011 12/09/11 For Sale $174,900 -- $113 / 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 $3,920 $306,455 $208,393 $98,062
2024 $3,920 $300,447 $204,307 $96,140
2023 $3,849 $294,556 $200,301 $94,255
2022 $3,676 $288,781 $196,374 $92,407
2021 $3,625 $283,120 $192,524 $90,596
2020 $3,658 $280,218 $190,550 $89,668
2019 $3,521 $274,724 $186,814 $87,910
2018 $3,450 $269,338 $183,151 $86,187
2016 $3,288 $258,882 $176,040 $82,842
2015 $3,242 $254,994 $173,396 $81,598
2014 $3,264 $250,000 $170,000 $80,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: S11158397

California Regional Multiple Listing Service (CRMLS)

APN: 7425-028-004