NOT LISTED FOR SALE

24505 S Avalon Blvd Wilmington, CA 90744

1 Bed
1 Bath
10,980 Sq Ft
10,498 Sq Ft Lot

Last Sold November 07, 2012

Last sale price $1,492,000 $136 Per Sq Ft

58 Days on Market

About This Home

As of November 2012

Avalon Manor is located in the nothern most area of Wilmington, very near the Carson border. Upside in current rents for a 9.9 GRM and 6.25% Cap Rate. The units are above average size with an average square footage of 730. Parking is gated with ground level access and 22 spaces. There is ample storage with a large storage room on the ground level and a recreation room that can be utilized. (As large as a one-bedroom unit with plumbing) There is a common area laundry room with 2-washers and 2-dryers. (leased) Unit interiors feature vertical blinds and nearly all the units have tile flooring in the kitchens and baths. The kitchens have dark wood cabinets, stainless steel sinks, gas stoves, and several units have granite counter tops. Heating for the units is provided by gas wall heaters. In addition three of the units facing Avalon Blvd. feature a balcony. Utilities are separately metered for gas and electricity, water is master-metered. For added utility savings, all the units have their own water heater. The property is not subject to rent control.

Last Agent to Sell the Property

Mike McKinney

Lyon Stahl Investment Real Estate, Inc. License #00634672 Listed on: 06/25/2012

Lyon Stahl Investment Real Estate, Inc.

Last Buyer's Agent

Mike McKinney

Lyon Stahl Investment Real Estate, Inc. License #00634672 Listed on: 06/25/2012

Lyon Stahl Investment Real Estate, Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1987

Lot Details

  • 10,498

Parking

  • 22 Parking Spaces

Home Design

  • 10,980 Sq Ft Home

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Bathroom

Additional Features

  • Leased Washer and Dryer
  • 10,498 Sq Ft Lot

Listing and Financial Details

  • Tax Lot 15
  • Tax Tract Number 1800
  • Assessor Parcel Number 7406020039

Community Details

Overview

  • 15 Units

Building Details

  • 16 Separate Electric Meters
  • 16 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $3,816
  • Gardener Expense $1,100
  • Insurance Expense $3,843
  • Maintenance Expense $10,500
  • Pest Control $391
  • Professional Management Expense $7,094
  • Trash Expense $2,186
  • New Taxes Expense $23,034
  • Gross Income $12,445
  • Net Operating Income $89,176

Property Details

Home Type

Multi-Family

Year Built

Built in 1987

Lot Details

0

Listing Details

  • CapRate: 5.57
  • Price Per Unit: 106667
  • Professional Management Expense: 7094.00
  • Zoning: RD1.5
  • Property Type: Residential Income
  • Gardener Expense: 1100.00
  • Parcel Number: 7406020039
  • Year Built: 1987
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Levels: Three Or More
  • Price Per Square Foot: 135.88

Garage/Parking

  • Total Parking Spaces: 22.00

Utilities

  • Pest Control Expense: 391.00
  • Trash Expense: 2186.00

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size Sq Ft: 10498.00
  • Lot Size Acres: 0.2410

Multi Family

  • Electric Expense: 3816.00
  • Gross Income: 12445.00
  • Gross Multiplier: 1.70
  • Gross Scheduled Income: 149340.00
  • Insurance Expense: 3843.00
  • Laundry Equipment Own Lease: Lease
  • Lot Size Area: 10498.0000 Square Feet
  • Maintenance Expense: 10500.00
  • Net Operating Income: 89176.00
  • Number Of Separate Electric Meters: 16
  • Number Of Separate Gas Meters: 16
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 15
  • Operating Expense: 52697.00
  • Rent Control: No
  • Vacancy Allowance: 7467

Tax Info

  • New Taxes Expense: 23034.00
  • Tax Lot: 15
  • Tax Tract Number: 1800

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/07/2012 11/07/12 Sold $1,492,000 -6.8% $136 / Sq Ft
08/22/2012 08/22/12 Pending -- -- --
06/25/2012 06/25/12 For Sale $1,600,000 -- $146 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Mike McKinney

    Seller's Agent in 2012

    Mike McKinney

    Lyon Stahl Investment Real Estate, Inc.

    (310) 880-2900

    18 Total Sales

    Mike McKinney
    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: S12080461

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Wilmington 90744

24505 S Avalon Blvd, Wilmington, CA

This home is located at 24505 S Avalon Blvd, Wilmington, CA 90744 since 25 June 2012. This property was built in 1987. 24505 S Avalon Blvd 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.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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

Nearby Homes