NOT LISTED FOR SALE

1526 Bay View Ave Wilmington, CA 90744

Estimated Value: $992,000 - $1,310,000

10 Beds
10 Baths
3,680 Sq Ft
$300/Sq Ft Est. Value

Last Sold January 17, 2024

Last sale price $1,200,000 $326 Per Sq Ft

Est. 8% decrease in value since last sale

Current estimated payment $5,972/month

16 Days on Market

Highlights

  • No Units Above
  • 0.31 Acre Lot
  • Level Lot
  • Gated Parking
  • Laundry Room
  • 1-Story Property

About This Home

As of January 2024

Located in a primarily single family neighborhood, this ten unit apartment property is available for the first time in years. All units are 1 bedroom/1 bathroom. The adjacent lot is used for parking, and there is storage as well. Both parcels are included in the sales price, and total approximately 13,296 sq ft.

Last Agent to Sell the Property

Paul Carrese

Coldwell Banker Realty License #01356791 Listed on: 11/29/2023

Coldwell Banker Realty

Last Buyer's Agent

Brian Estes

Re/Max Commercial & Investment License #01394559

Re/Max Commercial & Investment

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,230

Year Built

  • Built in 1931

Lot Details

  • 0.31 Acre Lot
  • No Units Above
  • No Units Located Below
  • Two or More Common Walls
  • Level Lot
  • 7421015021

Home Design

  • Apartment
  • Entry on the 1st floor
  • Planned Development

Interior Spaces

  • 3,680 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 10 Bathrooms

Parking

  • 10 Open Parking Spaces
  • 10 Parking Spaces
  • Parking Available
  • Gated Parking

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 23 / 6
  • Tax Tract Number 2
  • Assessor Parcel Number 7421015022
  • $934 per year additional tax assessments

Community Details

Overview

  • 3 Buildings
  • 10 Units

Building Details

  • 10 Leased Units
  • Rent Control
  • 10 Separate Electric Meters
  • 10 Separate Gas Meters
  • 1 Separate Water Meter
  • Operating Expense $62,733
  • Gross Income $58,695
  • Net Operating Income $58,695

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,230

Year Built

Built in 1931

Lot Details

0

Listing Details

  • Assessments: Yes
  • Price Per Unit: 121250
  • Property Attached: Yes
  • Zoning: LAR1
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 7421015022
  • Year Built: 1931
  • Special Features: None

Interior Features

  • Stories: 1
  • Entry Location: Grade
  • Common Walls: 2+ Common Walls, No One Above, No One Below
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 326.09

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Gated
  • Total Parking Spaces: 10.00
  • Uncovered Spaces: 10.00

Utilities

  • Laundry: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Planned Development
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: Yes
  • Additional Parcels Description: 7421015021
  • Land Lease: No
  • Lot Features: Level with Street
  • Lot Size Sq Ft: 13296.00
  • Lot Size Acres: 0.3052
  • Latitude Manual: 33.79376200

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 58695.00
  • Gross Scheduled Income: 121428.00
  • Lot Size Area: 13296.0000 Square Feet
  • Net Operating Income: 58695.00
  • Number Of Separate Electric Meters: 10
  • Number Of Separate Gas Meters: 10
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 10
  • Number Of Units Total: 10
  • Operating Expense: 62733.00
  • Rent Control: Yes
  • Total Actual Rent: 10119.00
  • Total Expenses: 62733.00

Tax Info

  • Tax Block: 6
  • Tax Census Tract: 2942.00
  • Tax Lot: 23
  • Tax Tract Number: 2
  • TaxOtherAnnualAssessmentAmount: 934.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 29, 2023
Closed on
Dec 28, 2023
Sold by
Hernandez Josephine A
Bought by
Hernandez Alex
Seller's Agent
Paul Carrese
Coldwell Banker Realty
Buyer's Agent
Brian Estes
Re/Max Commercial & Investment
List Price
$1,212,500
Sold Price
$1,200,000
Premium/Discount to List
-$12,500
-1.03%
Views
197
Current Estimated Value
$1,103,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$96,667
Avg. Annual Appreciation
-4.61%

Purchase Details

Listed on
Nov 29, 2023
Closed on
Dec 19, 2023
Sold by
Silvestre S Cardona Trust
Bought by
Hernandez Alex
Seller's Agent
Paul Carrese
Coldwell Banker Realty
Buyer's Agent
Brian Estes
Re/Max Commercial & Investment
List Price
$1,212,500
Sold Price
$1,200,000
Premium/Discount to List
-$12,500
-1.03%
Views
197

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
Mar 6, 2014
Sold by
Cardona Silvestre S
Bought by
Cardona Silvestre S and The Silvestre S Cardona Trust
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 Buyer Sale Price Title Company
Hernandez Alex -- Progressive Title
Hernandez Alex $1,200,000 Progressive Title
Tegel -- --
Cardona Silvestre S -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Tegel --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/17/2024 01/17/24 Sold $1,200,000 -1.0% $326 / Sq Ft
12/15/2023 12/15/23 Pending -- -- --
11/29/2023 11/29/23 For Sale $1,212,500 -- $329 / 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 $2,230 $902,700 $561,000 $341,700
2024 $2,230 $106,179 $33,623 $72,556
2023 $2,205 $104,098 $32,964 $71,134
2022 $2,137 $102,058 $32,318 $69,740
2021 $2,096 $100,058 $31,685 $68,373
2019 $2,055 $98,293 $30,747 $67,546
2018 $1,950 $96,391 $30,145 $66,246
2016 $1,798 $91,496 $28,975 $62,521
2015 $1,782 $90,122 $28,540 $61,582
2014 $1,815 $88,357 $27,981 $60,376
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PV23218424

California Regional Multiple Listing Service (CRMLS)

APN: 7421-015-022