NOT LISTED FOR SALE

1703 Broad Ave Wilmington, CA 90744

Estimated Value: $639,000 - $751,974

3 Beds
2 Baths
1,496 Sq Ft
$457/Sq Ft Est. Value

Last Sold January 30, 2023

Last sale price $560,625 $375 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $4,337/month

139 Days on Market

Highlights

  • All Bedrooms Downstairs
  • Wood Flooring
  • No HOA
  • Traditional Architecture
  • Corner Lot
  • Balcony

About This Home

As of January 2023

Was in Escrow but Buyers could not perform. Sellers have reduced the price in response to the current market. Don't pass up this opportunity.

This WAS Formal duplex with two addresses on a corner lot and it currently is an R-2. HOWEVER, the City of LA changed the zoning to R-1. This means that in the future, all permits must be in accordance with R-1 zoning. The main house is a 2 bedroom one bath w one car garage. The second unit is a one bedroom one bath that is completely separated from the main house by a block wall.
Both units will be delivered vacant. Everything is working and It has a nice floor plan and solid bones but certainly could use some updates.
Nice patio with mature avocado, citrus and guava tree and nice decorative palms in front.

Potential Galore for an investor or a perfect home for an extended family.

Last Agent to Sell the Property

Edgardo Garcia

eXp Realty of California Inc License #01391128 Listed on: 08/22/2022

eXp Realty of California Inc

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,132

Year Built

  • Built in 1959

Lot Details

  • 5,384 Sq Ft Lot
  • No Common Walls
  • Security Fence
  • Block Wall Fence
  • Fence is in good condition
  • Corner Lot

Parking

  • 1 Car Garage
  • Detached Carport Space
  • Parking Available
  • Single Garage Door

Home Design

  • Duplex
  • Traditional Architecture
  • Composition Roof

Interior Spaces

  • 1,496 Sq Ft Home
  • Wood Flooring
  • Eat-In Kitchen
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Bedrooms | 2 Main Level Bedrooms
  • All Bedrooms Down
  • 2 Full Bathrooms
  • Walk-in Shower

Accessible Home Design

  • More Than Two Accessible Exits
  • Ramp on the main level

Outdoor Features

  • Balcony
  • Patio
  • Wrap Around Porch

Location

  • Urban Location

Utilities

  • Wall Furnace
  • Natural Gas Connected
  • Cable TV Available

Community Details

  • No Home Owners Association
  • 2 Units

Listing and Financial Details

  • Tax Lot 73
  • Tax Tract Number 1419
  • Assessor Parcel Number 7422001012

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,132

Year Built

Built in 1959

Lot Details

0

Parking

1

Listing Details

  • Structure Type: Duplex
  • Assessments: No
  • Property Attached: No
  • View: No
  • Zoning: LAR1
  • Architectural Style: Traditional
  • Property Sub Type: Duplex
  • Property Type: Residential
  • Parcel Number: 7422001012
  • Year Built: 1959
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 1496.00 Square Feet
  • Interior Amenities: Balcony
  • Common Walls: No Common Walls
  • Flooring: Wood
  • Accessibility Features: 2+ Access Exits, Ramp - Main Level
  • Appliances: No
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Total Bedrooms: 3
  • Eating Area: Area
  • Levels: One
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 374.75
  • Room Type: All Bedrooms Down
  • Bathroom Features: Shower

Exterior Features

  • Patio: Yes
  • Fence: Yes
  • Fencing: Block, Good Condition, Security
  • Patio And Porch Features: Concrete, Porch, Wrap Around
  • Pool Private: No
  • Roof: Composition
  • Spa: No

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 1.00
  • Parking: Yes
  • Parking Features: Detached Carport, Garage - Single Door
  • Total Parking Spaces: 1.00

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected
  • Heating: Yes
  • Laundry: Yes
  • Electric: Standard
  • Heating Type: Wall Furnace
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Urban

Schools

  • School District: Los Angeles Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot
  • Lot Size: 5384
  • Lot Size Sq Ft: 5384.00
  • Lot Size Acres: 0.1236

Multi Family

  • Lease Considered: No
  • Lot Size Area: 5384.0000 Square Feet
  • Number Of Units Total: 2

Tax Info

  • Tax Census Tract: 2941.10
  • Tax Lot: 73
  • Tax Tract Number: 1419

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 14, 2024
Sold by
Khakwani Anita
Bought by
Khakwani Abdul Aziz
Current Estimated Value
$683,744

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$531,200
Outstanding Balance
$526,568
Interest Rate
6.25%
Mortgage Type
New Conventional
Estimated Equity
$157,176

Purchase Details

Listed on
Aug 22, 2022
Closed on
Feb 4, 2023
Sold by
Abdul Aziz Khakwani and Abdul Anita Khakwani
Bought by
Khakwani Abdul Aziz and Khakwani Alimohammad
Seller's Agent
Edgardo Garcia
eXp Realty of California Inc
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$740,000
Sold Price
$560,625
Premium/Discount to List
-$179,375
-24.24%
Views
70

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.10%

Purchase Details

Listed on
Aug 22, 2022
Closed on
Jan 12, 2023
Sold by
Marquez Family Living Revocable Trust
Bought by
Abdul Aziz Khakwani And Anita Khakwani Revoca
Seller's Agent
Edgardo Garcia
eXp Realty of California Inc
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$740,000
Sold Price
$560,625
Premium/Discount to List
-$179,375
-24.24%
Views
70

Purchase Details

Closed on
Jul 31, 1996
Sold by
Marquez Henry and Marquez Esperanza
Bought by
Marquez Herny and Marquez Maria Esperanza
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
Khakwani Abdul Aziz -- Lawyers Title Company
Khakwani Abdul Aziz -- --
Abdul Aziz Khakwani And Anita Khakwani Revoca $561,000 Stewart Title
Marquez Herny -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Khakwani Abdul Aziz $531,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/30/2023 01/30/23 Sold $560,625 -6.4% $375 / Sq Ft
01/06/2023 01/06/23 Price Changed $599,000 -14.3% $400 / Sq Ft
11/14/2022 11/14/22 Price Changed $699,000 -5.5% $467 / Sq Ft
08/22/2022 08/22/22 For Sale $740,000 -- $495 / 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 $7,132 $582,624 $416,160 $166,464
2024 $7,132 $571,200 $408,000 $163,200
2023 $1,037 $63,088 $28,480 $34,608
2022 $997 $61,852 $27,922 $33,930
2021 $977 $60,640 $27,375 $33,265
2020 $980 $60,239 $27,095 $33,144
2019 $952 $59,063 $26,564 $32,499
2018 $852 $57,911 $26,044 $31,867
2016 $797 $55,453 $25,034 $30,419
2015 $787 $54,621 $24,658 $29,963
2014 $802 $53,552 $24,175 $29,377
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB22174505

California Regional Multiple Listing Service (CRMLS)

APN: 7422-001-012