$875,000
UNDER CONTRACT

Estimated payment $5,577/month

Total Views 2,418
4 Beds
3 Baths
2,000 Sq Ft
$438 Price per Sq Ft

Highlights

  • No HOA
  • Bungalow
  • Rectangular Lot
  • Laundry Room
  • Tile Flooring
  • Wood Fence

About This Home

This charming 3-unit property in the desirable South Wrigley neighborhood features one 2-bedroom unit and two 1-bedroom units. Ideally situated less than one mile from the 710 Freeway, under two miles from the 405, and just two miles north of the beach, the building sits on a picturesque, tree-lined residential street. Priced at a 15.33 GRM, the property offers approximately 10% income growth potential to reach a market GRM of 13.6. The 2-bedroom unit has no shared walls, includes a 1-car garage with laundry, and features a spacious private back patio. Each 1-bedroom unit shares only one wall and comes with a dedicated laundry/storage room with a separate entrance and tandem parking for 2 cars. Individual electric and gas meters for each unit reduce owner expenses. Located in an opportunity zone, this property presents both immediate value and future growth potential. All units have double paned windows, new heaters, and have been earthquake retrofitted. The plumbing in the 1 Bed units was replaced in 2019.

Listing Agent

Anthony Walker

Buckingham Investments, Inc Brokerage Phone: 310-561-4776 License #01908153 Listed on: 06/20/2025

Co-Listing Agent

Josh Ess

Buckingham Investments, Inc Brokerage Phone: 310-561-4776 License #02035659

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,443

Year Built

  • Built in 1930

Lot Details

  • 4,986 Sq Ft Lot
  • 1 Common Wall
  • Northwest Facing Home
  • Wood Fence
  • Rectangular Lot

Parking

  • 1 Car Garage
  • Parking Available
  • Front Facing Garage

Home Design

  • Triplex
  • Bungalow
  • Cosmetic Repairs Needed
  • Raised Foundation
  • Composition Roof
  • Stucco

Interior Spaces

  • 2,000 Sq Ft Home
  • 1-Story Property

Kitchen

  • Gas Oven
  • Gas Range

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Location

  • Urban Location

Utilities

  • Wall Furnace
  • Natural Gas Connected

Listing and Financial Details

  • Tax Lot 13
  • Tax Tract Number 573
  • Assessor Parcel Number 7209022001
  • $642 per year additional tax assessments
  • Seller Considering Concessions

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 3 Units
  • Wrigley Area Subdivision

Building Details

  • 3 Leased Units
  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,270
  • Insurance Expense $3,500
  • Maintenance Expense $2,711
  • Pest Control $1,200
  • Professional Management Expense $3,253
  • Trash Expense $565
  • Water Sewer Expense $565
  • New Taxes Expense $10,938
  • Operating Expense $24,502
  • Gross Income $58,872
  • Net Operating Income $29,717

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,443

Year Built

Built in 1930

Lot Details

0

Parking

1

Listing Details

  • Assessments: Yes
  • Price Per Unit: 291667
  • Professional Management Expense: 3253.00
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Subdivision Name Other: Wrigley Area (WR)
  • View: No
  • Water Sewer Expenses: 565.00
  • Zoning: LBR2N
  • Architectural Style: Bungalow
  • Property Condition: Repairs Cosmetic
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Gardener Expense: 1270.00
  • Parcel Number: 7209022001
  • Year Built: 1930
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: UnderContract

Interior Features

  • Fireplace: No
  • Stories: 1
  • Entry Location: 1
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Tile
  • Appliances: Yes
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 437.50
  • Room Type: Laundry

Exterior Features

  • Direction Faces: Northwest
  • Foundation: Raised
  • Fence: Yes
  • Fencing: Wood
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 1.00
  • Parking: Yes
  • Parking Features: Garage Faces Front
  • Total Parking Spaces: 1.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Oven, Gas Range
  • Electric: Standard
  • Heating Type: Wall Furnace
  • Laundry Features: In Garage, Individual Room
  • Pest Control Expense: 1200.00
  • Sewer: Public Sewer
  • Trash Expense: 565.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Rectangular Lot
  • Lot Size Sq Ft: 4986.00
  • Lot Size Acres: 0.1145

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 58872.00
  • Gross Multiplier: 14.86
  • Gross Operating Income: 54218.00
  • Gross Scheduled Income: 58872.00
  • Insurance Expense: 3500.00
  • Lot Size Area: 4986.0000 Square Feet
  • Maintenance Expense: 2711.00
  • Net Operating Income: 29717.00
  • 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
  • Number With Carpet: 3
  • Number With Disposal: 3
  • Number With Patio: 1
  • Number With Range: 3
  • Number With Refrigerator: 3
  • Operating Expense: 24502.00
  • Rent Control: Yes
  • Total Actual Rent: 4756.00
  • Total Expenses: 24502.00
  • Vacancy Allowance Rate: 5.00

Tax Info

  • New Taxes Expense: 10938.00
  • Tax Census Tract: 5730.04
  • Tax Lot: 13
  • Tax Tract Number: 573...
  • TaxOtherAnnualAssessmentAmount: 642.00

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $9,443 $722,516 $284,454 $438,062
2024 $9,443 $708,350 $278,877 $429,473
2023 $9,283 $694,461 $273,409 $421,052
2022 $8,720 $680,846 $268,049 $412,797
2021 $8,543 $667,497 $262,794 $404,703
2020 $8,521 $660,654 $260,100 $400,554
2019 $8,421 $647,700 $255,000 $392,700
2018 $8,145 $635,000 $250,000 $385,000
2016 $3,706 $282,609 $159,045 $123,564
2015 $3,565 $278,364 $156,656 $121,708
2014 $3,555 $272,912 $153,588 $119,324
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/20/2025 06/20/25 For Sale $875,000 +37.8% $438 / Sq Ft
10/19/2017 10/19/17 Sold $635,000 -3.8% $318 / Sq Ft
07/25/2017 07/25/17 Price Changed $660,000 -2.9% $330 / Sq Ft
06/15/2017 06/15/17 For Sale $680,000 -- $340 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- First American Title Ins Co
Interfamily Deed Transfer -- None Available
Grant Deed $635,000 First American Title Company
Interfamily Deed Transfer -- None Available
Corporate Deed $231,000 American Title Co
Trustee Deed $133,461 Chicago Title Co
Grant Deed -- Investors Title Company
Grant Deed $132,500 Investors Title Company
Trustee Deed $175,000 --
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $417,000 New Conventional
Closed $427,500 New Conventional
Previous Owner $450,000 Unknown
Previous Owner $162,500 Credit Line Revolving
Previous Owner $246,000 Unknown
Previous Owner $236,500 VA
Previous Owner $231,000 VA
Previous Owner $38,000 Unknown
Previous Owner $115,000 No Value Available
Previous Owner $168,750 No Value Available
Source: Public Records

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB25137881

California Regional Multiple Listing Service (CRMLS)

APN: 7209-022-001