NOT LISTED FOR SALE

1627 Broad Ave Wilmington, CA 90744

Estimated Value: $658,000 - $837,000

5 Beds
3 Baths
1,764 Sq Ft
$441/Sq Ft Est. Value

Last Sold March 12, 2021

Last sale price $703,000 $399 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $5,417/month

8 Days on Market

Highlights

  • Fireplace in Kitchen
  • Laundry Room
  • Bike Trail
  • Wood Flooring
  • Forced Air Heating System

About This Home

As of March 2021

GREAT INVESTMENT OPPURTUNITY! Front house consists of 3 good size bedrooms and 2 bathrooms. It features refinished hardwood floors, updated kitchen and bathrooms, fireplace, large family room, laundry room and a good size dining area. There is a two-car garage that separates the front and back house. The back house consists of 2 bedrooms and 1 bathroom. Each unit has its own front and rear yard space. The long tandem driveway always for ample parking. This duplex is located in a nice neighborhood close to schools, shopping, restaurants and freeways.

Last Agent to Sell the Property

Kristen DeLuca

West Shores Realty, Inc. License #01748902 Listed on: 01/28/2021

West Shores Realty, Inc.

Last Buyer's Agent

Kristen DeLuca

West Shores Realty, Inc. License #01748902 Listed on: 01/28/2021

West Shores Realty, Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1945

Lot Details

  • 5,227 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Garage

Home Design

  • Combination Foundation
  • Raised Foundation
  • Slab Foundation

Interior Spaces

  • 1,764 Sq Ft Home
  • Family Room with Fireplace
  • Dining Room with Fireplace
  • Fireplace in Kitchen

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Washer

Utilities

  • Forced Air Heating System
  • Underground Utilities

Listing and Financial Details

  • Tax Lot 66
  • Tax Tract Number 2009
  • Assessor Parcel Number 7422003014

Community Details

Overview

  • 3 Buildings
  • 2 Units

Recreation

  • Bike Trail

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $975
  • Water Sewer Expense $1,980
  • New Taxes Expense $7,475
  • Operating Expense $10,430
  • Gross Income $48,000
  • Net Operating Income $40,167

Property Details

Home Type

Multi-Family

Year Built

Built in 1945

Lot Details

5,227 Sq Ft Lot

Parking

2

Listing Details

  • Property Attached: No
  • View: No
  • Water Sewer Expenses: 1980.00
  • Zoning: LAR1
  • Property Type: Residential Income
  • Parcel Number: 7422003014
  • Year Built: 1945
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Common Walls: No Common Walls
  • Flooring: Tile, Wood
  • Fireplace Features: Dining Room, Family Room, Kitchen
  • Price Per Square Foot: 398.53

Exterior Features

  • Foundation: Combination, Raised, Slab
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Sewer Connected, Underground Utilities
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central, Forced Air
  • Laundry Features: Individual Room, Inside, Washer Hookup, Washer Included
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Biking, Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 5227.00
  • Lot Size Acres: 0.1200

Multi Family

  • Gross Income: 48000.00
  • Gross Scheduled Income: 48000.00
  • Insurance Expense: 975.10
  • Lot Size Area: 5227.0000 Square Feet
  • Net Operating Income: 40167.00
  • 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: 7826.64
  • Rent Control: Yes
  • Total Expenses: 10430.10

Tax Info

  • New Taxes Expense: 7475.00
  • Tax Census Tract: 2941.10
  • Tax Lot: 66
  • Tax Tract Number: 2009

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 25, 2012
Sold by
Franco Francisco J and Franco Francisco
Bought by
Franco Francisco J
Current Estimated Value
$866,694

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,012
Outstanding Balance
$181,808
Interest Rate
3.87%
Mortgage Type
FHA
Estimated Equity
$596,736

Purchase Details

Closed on
Jun 28, 2010
Sold by
Hernandez Fernando and Ramirez Ruth
Bought by
Franco Francisco

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$266,412
Interest Rate
5.25%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 24, 2006
Sold by
Hernandez Fernando
Bought by
Hernandez Fernando and Ramirez Ruth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$444,500
Interest Rate
6.04%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 28, 2005
Sold by
Hernandez Fernando
Bought by
Hernandez Fernando and Ramirez Ruth

Purchase Details

Closed on
Oct 21, 2004
Sold by
Borge Kevin
Bought by
Hernandez Fernando

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$287,200
Interest Rate
5.99%
Mortgage Type
Balloon

Purchase Details

Closed on
Oct 8, 2004
Sold by
Hernandez Fernando
Bought by
Ramirez Leticia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$287,200
Interest Rate
5.99%
Mortgage Type
Balloon

Purchase Details

Closed on
Aug 26, 2004
Sold by
Nichols Lucinda and Ramirez Leticia
Bought by
Borge Kevin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$287,200
Interest Rate
5.99%
Mortgage Type
Balloon

Purchase Details

Closed on
Jun 1, 2004
Sold by
Nichols Lucinda
Bought by
Nichols Lucinda and Ramirez Leticia

Purchase Details

Closed on
Feb 19, 2002
Sold by
Villagrana Cecilio and Martinez Benita
Bought by
Nichols Lucinda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$226,100
Interest Rate
7.8%

Purchase Details

Closed on
May 7, 1996
Sold by
Macias Irma and Alvarez Brigida J
Bought by
Villagrana Cecilio and Martinez Benita

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$155,725
Interest Rate
8.07%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 22, 1993
Sold by
Jeronimo Brigida and Alvarez Brigida
Bought by
Alvarez Brigida

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,000
Interest Rate
4.37%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Franco Francisco J -- Pacific Coast Title Company
Franco Francisco $270,000 Lawyers Title
Hernandez Fernando -- Investors Title Company
Hernandez Fernando -- Investors Title Company
Hernandez Fernando -- --
Hernandez Fernando -- --
Ramirez Leticia -- Ticor Title Co
Borge Kevin $359,000 Ticor Title Co
Nichols Lucinda -- --
Nichols Lucinda $238,000 American Title Co
Villagrana Cecilio $159,000 --
Alvarez Brigida -- First Southwestern Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Franco Francisco J $260,012
Closed Franco Francisco $266,412
Previous Owner Hernandez Fernando $444,500
Previous Owner Borge Kevin $287,200
Previous Owner Nichols Lucinda $226,100
Previous Owner Villagrana Cecilio $155,725
Previous Owner Alvarez Brigida $40,000
Closed Borge Kevin $71,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/12/2021 03/12/21 Sold $703,000 +4.1% $399 / Sq Ft
02/05/2021 02/05/21 Pending -- -- --
01/28/2021 01/28/21 For Sale $675,000 -- $383 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $9,433 $760,949 $541,216 $219,733
2024 $9,304 $746,029 $530,604 $215,425
2023 $9,126 $731,401 $520,200 $211,201
2022 $8,705 $717,060 $510,000 $207,060
2021 $4,090 $319,567 $189,375 $130,192
2020 $4,127 $316,292 $187,434 $128,858
2019 $3,972 $310,091 $183,759 $126,332
2018 $3,878 $304,011 $180,156 $123,855
2016 $3,695 $292,208 $173,161 $119,047
2015 $3,643 $287,819 $170,560 $117,259
2014 $3,666 $282,182 $167,219 $114,963
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB21018109

California Regional Multiple Listing Service (CRMLS)

APN: 7422-003-014

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