Seller's Agent in 2013
Brett Lyon
Lyon Stahl Investment Real Estate, Inc.
(310) 780-1899
1 in this area
138 Total Sales
24704 S Avalon Blvd Wilmington, CA 90744
Estimated Value: $848,000 - $1,040,000
9
Beds
3
Baths
3,490
Sq Ft
$270/Sq Ft
Est. Value
About This Home
As of July 2013The subject property is located in the unincorporated city of Wilmington which is part of the city of Los Angeles and is subject to rent control. The property is located on South Avalon Blvd between Lomita Blvd on the South and Sepulveda Blvd on the North and is approximately 2 miles east of the Harbor (110) Freeway. The property is located adjacent to Broad Avenue Elementary School.
All three units were extensively remodeled inside and out in 2006. The roofs, concrete driveway and walkways, windows and electrical system were all replaced in 2006. In 2006, the interior units were remodeled including new kitchen and bathroom cabinets, new tile flooring and showers.
The property features a separate 3 bedroom one and a half bath detached house, which is perfect for an owner’s unit and a duplex with 2 three bedroom, one and a half bath units. All 3 units are separately metered for gas and electricity. There are 6 open parking spaces at the front of the property.
This investment opportunity should provide substantial cash flow to an investor and is also perfect for an owner/user looking for rental income.
Last Agent to Sell the Property
Lyon Stahl Investment Real Estate, Inc. License #01717818 Listed on: 02/25/2013
Last Buyer's Agent
Lyon Stahl Investment Real Estate, Inc. License #01717818 Listed on: 02/25/2013
Property Details
Home Type
- Multi-Family
Year Built
- Built in 2006
Lot Details
- 6,023 Sq Ft Lot
- Two or More Common Walls
- Density is 11-15 Units/Acre
Parking
- 6 Parking Spaces
Home Design
- 3,490 Sq Ft Home
- Property Attached
Bedrooms and Bathrooms
- 9 Bedrooms
- 3 Bathrooms
Additional Features
- Urban Location
- Septic Type Unknown
Listing and Financial Details
- Tax Lot 36
- Tax Tract Number 1563
- Assessor Parcel Number 7404022022
Community Details
Overview
- 2 Buildings
- 3 Units
Building Details
- Rent Control
- 3 Separate Electric Meters
- 3 Separate Gas Meters
- 1 Separate Water Meter
- Gross Income $4,224
- Net Operating Income $39,279
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Aug 14, 2024
Sold by
Chavez Jorge and Chavez Sandra L
Bought by
24704 S Avalon Blvd Llc
Current Estimated Value
Purchase Details
Listed on
Feb 25, 2013
Closed on
May 24, 2013
Sold by
Pi Avalon Blvd Llc
Bought by
Chavez Jorge and Chavez Sandra L
Seller's Agent
Brett Lyon
Lyon Stahl Investment Real Estate, Inc.
Buyer's Agent
Brett Lyon
Lyon Stahl Investment Real Estate, Inc.
List Price
$549,000
Sold Price
$490,000
Premium/Discount to List
-$59,000
-10.75%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.23%
Original Mortgage
$318,750
Interest Rate
3.48%
Mortgage Type
New Conventional
Purchase Details
Closed on
Sep 8, 2010
Sold by
Mederos Jose T
Bought by
Pi Avalon Blvd Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
4.38%
Mortgage Type
Seller Take Back
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| 24704 S Avalon Blvd Llc | -- | None Listed On Document | |
| Chavez Jorge | $490,000 | Chicago Title Company | |
| Pi Avalon Blvd Llc | $500,000 | Fidelity National Title Co |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Chavez Jorge | $318,750 | |
| Previous Owner | Pi Avalon Blvd Llc | $250,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 07/01/2013 07/01/13 | Sold | $490,000 | -10.7% | $140 / Sq Ft |
| 05/07/2013 05/07/13 | Pending | -- | -- | -- |
| 02/25/2013 02/25/13 | For Sale | $549,000 | -- | $157 / 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 | $7,848 | $920,000 | $600,000 | $320,000 |
| 2024 | $7,848 | $588,886 | $360,544 | $228,342 |
| 2023 | $7,699 | $577,340 | $353,475 | $223,865 |
| 2022 | $7,356 | $566,021 | $346,545 | $219,476 |
| 2021 | $7,255 | $554,923 | $339,750 | $215,173 |
| 2020 | $7,321 | $549,234 | $336,267 | $212,967 |
| 2019 | $7,042 | $538,466 | $329,674 | $208,792 |
| 2018 | $6,932 | $527,909 | $323,210 | $204,699 |
| 2016 | $6,607 | $507,411 | $310,660 | $196,751 |
| 2015 | $6,497 | $499,790 | $305,994 | $193,796 |
| 2014 | $6,518 | $490,000 | $300,000 | $190,000 |
Source: Public Records
Agents Affiliated with this Home
-
Brett Lyon
-
H
Buyer Co-Listing Agent in 2013
Hector Oceugueda
Excellence RE Real Estate
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB13030338
APN: 7404-022-022
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.
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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