L
Seller's Agent in 2021
Lauren Cotner
Epique Realty
1518 E Colon St Wilmington, CA 90744
Estimated Value: $1,010,000 - $1,304,000
8
Beds
7
Baths
3,410
Sq Ft
$327/Sq Ft
Est. Value
Highlights
- 0.3 Acre Lot
- No HOA
- Tile Flooring
- Property is near public transit
- Laundry Room
- 4-minute walk to East Wilmington Vest Pocket Park
About This Home
As of October 2021You don't want to miss this. A well maintained Triplex building, unit#1 is 2 bedroom 1.5 bath townhouse style. Unit 2: Enter on main level and is very nice 2 bedroom 1 bath. #3 is in the rear unit upstairs. It's also a 2 bedroom 1 bath on a single level. These units all have been updated, granite counters, shaker cabinets, vinyl windows. Each unit has their own Laundry hookups. All appliances are owned by the tenants. The tenants currently pay their own utilities. The addresses for this property is 1518 E Colon, (the triplex) APN: 7426-019-006 the back house and Garage is 1516 E Colon APN: 7426-019-007 Garage 6460 sf lot apn No. is 7426-019-013
Unit no. 4 does not fall in Rent control. It's 2/1 bath single family home land locked in rear of lot. (this property is actually 3 separate lots.) 1. is the triplex, the back house is one, and then there is 6460 sf lot with a 2 car garage.
see supplements for further information
FYI the system would not let me put 4 units in the unit no field so It says 3 (because that is 1518 but 1516 and 2 car garage on large lot is also included)
All information deemed reliable but not guaranteed.
Last Agent to Sell the Property
Lauren Cotner
Epique Realty License #01242185 Listed on: 08/26/2021
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,145
Year Built
- Built in 1964
Lot Details
- 0.3 Acre Lot
- Two or More Common Walls
- 7426019007, 7426019013
Parking
- 8 Open Parking Spaces
- 2 Car Garage
- Parking Available
- Assigned Parking
Home Design
- Quadruplex
Interior Spaces
- 3,410 Sq Ft Home
- 2-Story Property
- Tile Flooring
Bedrooms and Bathrooms
- 8 Bedrooms
- 7 Bathrooms
Laundry
- Laundry Room
- Washer and Gas Dryer Hookup
Location
- Property is near public transit
Utilities
- Wall Furnace
- Natural Gas Connected
- Cable TV Available
Listing and Financial Details
- Tenant pays for all utilities, sewer, trash collection, water
- Tax Lot 182
- Tax Tract Number 4251
- Assessor Parcel Number 7426019006
- $372 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 4 Units
Building Details
- 4 Leased Units
- Rent Control
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- Insurance Expense $1,056
- Operating Expense $6,494
- Gross Income $57,852
- Net Operating Income $51,352
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 26, 2021
Closed on
Sep 29, 2021
Sold by
Robert O Garcia Separate Property Trust and Lukens Diane
Bought by
Lam Che and Sun Thai
Seller's Agent
Lauren Cotner
Epique Realty
Buyer's Agent
Sean Hwangbo
RE/MAX TIME REALTY
List Price
$985,000
Sold Price
$975,000
Premium/Discount to List
-$10,000
-1.02%
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
$141,333
Avg. Annual Appreciation
3.42%
Purchase Details
Closed on
Dec 28, 2010
Sold by
Garcia Robert O and The Robert O Garcia Separate P
Bought by
Garcia Robert O and The Robert O Garcia Separate P
Purchase Details
Closed on
Dec 13, 2010
Sold by
Galvan Pauline and Estate Victoria Matsumoto
Bought by
Garcia Robert O and The Robert O Garcia Separate P
Purchase Details
Closed on
Mar 1, 2010
Sold by
Navarette Deborah B
Bought by
Navarette Arthur
Purchase Details
Closed on
Feb 27, 2007
Sold by
Navarrette Rita J and Estate Of Robert N Navarrette
Bought by
Navarrette Rita J and Family Tr Robert N & Rita J Na
Purchase Details
Closed on
Dec 19, 2005
Sold by
Navarrette Mary A and Navarrette Arthur
Bought by
Matsumoto Victoria and Navarrette Robert N
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Lam Che | $975,000 | First American Title Company O | |
| Garcia Robert O | -- | None Available | |
| Garcia Robert O | $345,000 | Fidelity National Title Co | |
| Navarette Arthur | -- | -- | |
| Navarrette Rita J | -- | None Available | |
| Matsumoto Victoria | -- | -- |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/07/2021 10/07/21 | Sold | $975,000 | -1.0% | $286 / Sq Ft |
| 08/31/2021 08/31/21 | Pending | -- | -- | -- |
| 08/26/2021 08/26/21 | For Sale | $985,000 | -- | $289 / 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 | $6,145 | $488,155 | $265,302 | $222,853 |
| 2024 | $6,145 | $478,584 | $260,100 | $218,484 |
| 2023 | $6,031 | $469,200 | $255,000 | $214,200 |
| 2022 | $5,757 | $460,000 | $250,000 | $210,000 |
| 2021 | $3,076 | $236,715 | $130,192 | $106,523 |
| 2020 | $3,100 | $234,289 | $128,858 | $105,431 |
| 2019 | $2,987 | $229,696 | $126,332 | $103,364 |
| 2018 | $2,926 | $225,193 | $123,855 | $101,338 |
| 2016 | $2,770 | $216,450 | $119,047 | $97,403 |
| 2015 | $2,732 | $213,199 | $117,259 | $95,940 |
| 2014 | $2,758 | $209,024 | $114,963 | $94,061 |
Source: Public Records
Agents Affiliated with this Home
-
-
Cristina Ferrara
Seller Co-Listing Agent in 2021
Cristina Ferrara
eXp Realty of California Inc
(424) 262-2347
2 in this area
3 Total Sales
-
Sean Hwangbo
Buyer's Agent in 2021
Sean Hwangbo
RE/MAX
(909) 456-3400
1 in this area
38 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB21188749
APN: 7426-019-006
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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