NOT LISTED FOR SALE

1702 N Neptune Ave Wilmington, CA 90744

Estimated Value: $774,000 - $1,031,000

4 Beds
2 Baths
1,332 Sq Ft
$636/Sq Ft Est. Value

Last Sold April 12, 2019

Last sale price $619,900 $465 Per Sq Ft

Est. 37% increase in value since last sale

Current estimated payment $5,196/month

32 Days on Market

About This Home

As of April 2019

EVERYTHING is NEW $80,000 in rehab was spent on this property...2 houses on 1 lot, 1 house is a 3 bedroom 1 bath and the other is a 1 bedroom 1 bath. Live in one and rent out the other. Corner lot with 2 - 1 car detached garages with new garage doors plus a bonus room off the back of the garage. Beautiful inside both houses...New windows, new paint, new wood laminate flooring, new kitchen cabinets with Quartz counter tops, recessed lighting, new appliances, new bathrooms, new ceiling fans. laundry hook ups in each unit. This perfect condition property will not last long!!!

Last Agent to Sell the Property

Scott Jones

CHAMPIONS REAL ESTATE License #01870685 Listed on: 10/25/2018

Last Buyer's Agent

Alfreda Sanders

Keller Williams Realty License #01939072

Keller Williams Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,477

Year Built

  • Built in 1941

Lot Details

  • 6,605 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Garage

Home Design

  • 1,332 Sq Ft Home

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Kitchen

Additional Features

  • Rain Gutters
  • Wall Furnace

Listing and Financial Details

  • Tax Lot 11
  • Tax Tract Number 3906
  • Assessor Parcel Number 7421002026

Community Details

Overview

  • 3 Buildings
  • 2 Units

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $1,500
  • Trash Expense $900
  • Water Sewer Expense $2,400
  • New Taxes Expense $7,118
  • Operating Expense $11,918
  • Gross Income $48,000
  • Net Operating Income $3,875

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,477

Year Built

Built in 1941

Lot Details

0

Parking

2

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 2400.00
  • Zoning: LAR1
  • Property Type: Residential Income
  • Parcel Number: 7421002026
  • Year Built: 1941
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 465.39

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: In Kitchen
  • Sewer: Public Sewer
  • Trash Expense: 900.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Gutters, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 6605.00
  • Lot Size Acres: 0.1516

Multi Family

  • Gross Income: 48000.00
  • Gross Scheduled Income: 4000.00
  • Insurance Expense: 1500.00
  • Lot Size Area: 6605.0000 Square Feet
  • Net Operating Income: 3875.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Operating Expense: 125.00
  • Rent Control: Yes
  • Total Expenses: 11918.00

Tax Info

  • New Taxes Expense: 7118.00
  • Tax Census Tract: 2942.00
  • Tax Lot: 11
  • Tax Tract Number: 3906

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 11, 2020
Sold by
Hanns Freddie and Hans Freddie
Bought by
Hanns Freddie
Current Estimated Value
$847,057

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$649,371
Outstanding Balance
$575,433
Interest Rate
3.3%
Mortgage Type
VA
Estimated Equity
$271,624

Purchase Details

Closed on
Nov 27, 2018
Sold by
Jlc Property Investments Llc
Bought by
Hans Freddie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$640,356
Interest Rate
4.3%
Mortgage Type
VA

Purchase Details

Closed on
Jan 24, 2018
Sold by
Jones Scott
Bought by
Jlc Property Investment Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$325,000
Interest Rate
3.94%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 9, 2009
Sold by
Maas Frank and Maas Alice
Bought by
Maas Frank H and Maas Alice E

Purchase Details

Closed on
Oct 6, 1994
Sold by
Maas Frank
Bought by
Maas Frank and Maas Alice

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,000
Interest Rate
8.5%
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
Hanns Freddie -- Priority Title
Hans Freddie $620,000 Fidelity Natl Ttl Company
Jlc Property Investment Llc $325,000 Fidelity National Title Comp
Maas Frank H -- None Available
Maas Frank -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hanns Freddie $649,371
Previous Owner Hans Freddie $640,356
Previous Owner Jlc Property Investment Llc $325,000
Previous Owner Maas Frank $175,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/12/2019 04/12/19 Sold $619,900 0.0% $465 / Sq Ft
11/26/2018 11/26/18 Pending -- -- --
10/25/2018 10/25/18 For Sale $619,900 -- $465 / 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 $8,477 $691,506 $474,093 $217,413
2024 $8,477 $677,948 $464,798 $213,150
2023 $8,315 $664,656 $455,685 $208,971
2022 $7,932 $651,624 $446,750 $204,874
2021 $7,835 $638,848 $437,991 $200,857
2020 $7,913 $632,298 $433,500 $198,798
2019 $4,217 $331,500 $255,000 $76,500
2018 $4,149 $325,000 $200,000 $125,000
2016 $950 $59,671 $26,650 $33,021
2015 $939 $58,775 $26,250 $32,525
2014 $957 $57,624 $25,736 $31,888
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2019

    Scott Jones

    CHAMPIONS REAL ESTATE

    (909) 944-0099

    19 Total Sales

    Scott Jones
    Section Image
  • Alfreda Sanders

    Buyer's Agent in 2019

    Alfreda Sanders

    Keller Williams Realty

    (323) 230-3278

    5 Total Sales

    Alfreda Sanders
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV18259054

California Regional Multiple Listing Service (CRMLS)

APN: 7421-002-026

California Los Angeles County Wilmington 90744

1702 N Neptune Ave, Wilmington, CA

This home is located at 1702 N Neptune Ave, Wilmington, CA 90744 since 25 October 2018 and is currently estimated at $847,057, approximately $635 per square foot. This property was built in 1941. 1702 N Neptune Ave is a home located in Los Angeles County with nearby schools including Broad Avenue Elementary School, Wilmington Middle School STEAM Magnet, and Phineas Banning Senior High School.

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California Regional Multiple Listing Service (CRMLS) 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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