NOT LISTED FOR SALE

24422 S Avalon Blvd Wilmington, CA 90744

Estimated Value: $704,000 - $833,000

3 Beds
3 Baths
1,952 Sq Ft
$396/Sq Ft Est. Value

Last Sold September 30, 2019

Last sale price $530,000 $272 Per Sq Ft

Est. 46% increase in value since last sale

Current estimated payment $4,954/month

19 Days on Market

Highlights

  • Cooling System Mounted To A Wall/Window
  • Tile Flooring
  • 3 Car Garage
  • Laundry Room
  • Landscaped
  • Wood Fence

About This Home

As of September 2019

Charming triplex in one of the best locations in Wilmington. All three units have one bedroom, one bath and one car garage. Each unit is approximately 650 square and two of the units have a private side patio. Nicely kept front yard with gate and well kept landscaping. It has newer windows and the entire building was recently painted, two units have updated laminate flooring. Tenants are long term tenants. Excellent location near schools, restaurants and shopping as well as easy freeway access. Please do not disturb tenants.

Last Agent to Sell the Property

Martha Silva

Scott Anastasi Realty, Inc. License #01230292 Listed on: 08/20/2019

Last Buyer's Agent

Roland Quino

Compass License #01950516

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,671

Year Built

  • Built in 1953

Lot Details

  • 4,750 Sq Ft Lot
  • Two or More Common Walls
  • Wood Fence
  • Block Wall Fence
  • Chain Link Fence
  • Landscaped

Parking

  • 3 Car Garage
  • Parking Available
  • Rear-Facing Garage
  • Single Garage Door

Home Design

  • Triplex
  • Raised Foundation
  • Shingle Roof
  • Stucco

Interior Spaces

  • 1,952 Sq Ft Home
  • 2-Story Property
  • Fire and Smoke Detector
  • Laundry Room

Flooring

  • Carpet
  • Laminate
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Natural Gas Connected
  • Phone Available

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 35
  • Tax Tract Number 1800
  • Assessor Parcel Number 7404018043

Community Details

Overview

  • 3 Units

Building Details

  • 3 Leased Units
  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,300
  • Trash Expense $420
  • Water Sewer Expense $4,452
  • New Taxes Expense $6,987
  • Operating Expense $13,159
  • Gross Income $34,500
  • Net Operating Income $29,390

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,671

Year Built

Built in 1953

Lot Details

0

Parking

3

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Security: Fire and Smoke Detection System
  • Water Sewer Expenses: 4452.00
  • Zoning: LARD4
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 7404018043
  • Year Built: 1953
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Laminate, Tile, Vinyl
  • Levels: Two
  • Price Per Square Foot: 271.52

Exterior Features

  • Foundation: Raised
  • Fence: Yes
  • Fencing: Block, Chain Link, Wood
  • Pool Private: No
  • Roof: Shingle
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Garage, Garage Faces Rear, Garage - Single Door
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Individual Room
  • Sewer: Public Sewer
  • Trash Expense: 420.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Landscaped
  • Lot Size Sq Ft: 4750.00
  • Lot Size Acres: 0.1090

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average1 Bed Area: 650 Square Feet
  • Gross Income: 34500.00
  • Gross Scheduled Income: 34500.00
  • Insurance Expense: 1300.00
  • Lot Size Area: 4750.0000 Square Feet
  • Net Operating Income: 29390.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Operating Expense: 5110.00
  • Rent Control: Yes
  • Total Actual Rent: 2875.00
  • Total Expenses: 13159.00

Tax Info

  • New Taxes Expense: 6987.00
  • Tax Census Tract: 2941.10
  • Tax Lot: 35
  • Tax Tract Number: 1800

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 16, 2022
Sold by
Patricio Rosales Jose
Bought by
Jose Patricio Rosales Revocable Living Trust
Total Days on Market
19
Current Estimated Value
$772,499

Purchase Details

Closed on
Dec 17, 2021
Sold by
Patricio Rosales Jose and Cardenas Maria
Bought by
Rosales Jose Patricio

Purchase Details

Closed on
Oct 28, 2021
Sold by
Rosales Jose Patricio
Bought by
Rosales Jose Patricio and Garcia Maria M

Purchase Details

Listed on
Aug 20, 2019
Closed on
Sep 30, 2019
Sold by
Hernandez Carlos and Silva Martha
Bought by
Rosales Jose Patricio
Seller's Agent
Martha Silva
Scott Anastasi Realty, Inc.
Buyer's Agent
Roland Quino
Compass
List Price
$559,000
Sold Price
$530,000
Premium/Discount to List
-$29,000
-5.19%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.83%

Purchase Details

Closed on
Aug 30, 2013
Sold by
Munoz Armando M
Bought by
Hernandez Carlos and Silva Martha

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$268,125
Interest Rate
4.36%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 23, 2012
Sold by
Munoz Armando M
Bought by
Munoz Armando M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$252,021
Interest Rate
3.5%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 8, 2009
Sold by
Alvarado Antonio
Bought by
Munoz Armando M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$266,483
Interest Rate
4.92%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 14, 2006
Sold by
Rodriguez Willie
Bought by
Alvarado Antonio

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$103,800
Interest Rate
6.52%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Nov 13, 2000
Sold by
Solis Eriberto E
Bought by
Rodriguez Willie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,729
Interest Rate
6.98%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 23, 1999
Sold by
Andrich Craig B
Bought by
Solis Eriberto E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$119,700
Interest Rate
6.98%
Source: Public Records

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Range of Values:

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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
Jose Patricio Rosales Revocable Living Trust -- Zambrano Omar
Rosales Jose Patricio -- Accommodation/Courtesy Recordi
Rosales Jose Patricio -- Accommodation
Rosales Jose Patricio $530,000 Fidelity National Title Co
Hernandez Carlos $357,500 Fidelity National Title Co
Munoz Armando M -- First American Title Company
Munoz Armando M $270,000 Fidelity National Title Co
Alvarado Antonio $519,000 Chicago Title Co
Rodriguez Willie $163,000 First American Title Co
Solis Eriberto E $133,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hernandez Carlos $260,000
Previous Owner Hernandez Carlos $268,125
Previous Owner Munoz Armando M $252,021
Previous Owner Munoz Armando M $266,483
Previous Owner Alvarado Antonio $103,800
Previous Owner Alvarado Antonio $415,200
Previous Owner Rodriguez Willie $231,000
Previous Owner Rodriguez Willie $177,000
Previous Owner Rodriguez Willie $160,729
Previous Owner Solis Eriberto E $119,700
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/30/2019 09/30/19 Sold $530,000 -5.2% $272 / Sq Ft
08/20/2019 08/20/19 For Sale $559,000 -- $286 / 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
2024 $7,671 $568,263 $428,879 $139,384
2023 $7,527 $557,121 $420,470 $136,651
2022 $7,245 $546,198 $412,226 $133,972
2021 $7,099 $535,490 $404,144 $131,346
2019 $5,405 $392,858 $285,716 $107,142
2018 $5,307 $385,156 $280,114 $105,042
2016 $5,058 $370,202 $269,238 $100,964
2015 $4,973 $364,642 $265,194 $99,448
2014 $4,989 $357,500 $260,000 $97,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB19197867

California Regional Multiple Listing Service (CRMLS)

APN: 7404-018-043