NOT LISTED FOR SALE

317 W I St Wilmington, CA 90744

2 Beds
2 Baths
7,972 Sq Ft
9,000 Sq Ft Lot

Last Sold May 22, 2012

Last sale price $935,000 $117 Per Sq Ft

55 Days on Market

About This Home

As of May 2012

The I Street Apartments, constructed in 1984, is a 12 unit non-rent controlled apartment building in Wilmington. The building is 7,972 square feet and sits on an 8,947 square foot lot. The building consists of 10 studios, and 2 - two bedroom, one bath units. The building has gated access and 12 on-site parking spaces, comprised of six open and seven tuckunder parking spaces. The lower level also has an on-site laundry room with washer and dryer, which are owned. The building is separately metered for electricity and gas, and the water is master metered. A new boiler was installed in 2009.The building was purchased as a 12+3 unit, with three nonconforming units on the first floor. The non-conforming units were recently shut down by the City of Los Angeles, leaving the 1,400 square foot space vacant. A previous owner had converted the parking spaces into three, one-bedroom, one bath nonconforming units.

Last Agent to Sell the Property

Steffan Braunlich

Berkadia License #01859098 Listed on: 02/08/2012

Last Buyer's Agent

Steffan Braunlich

Berkadia License #01859098 Listed on: 02/08/2012

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1984

Lot Details

  • 9,000

Interior Spaces

  • 7,972 Sq Ft Home
  • 3-Story Property
  • Oven or Range

Parking

  • 13 Parking Spaces
  • 7 Covered Spaces

Additional Features

  • 9,000 Sq Ft Lot
  • Radiant Heating System

Community Details

  • 12 Units

Listing and Financial Details

  • Assessor Parcel Number 7416-031-036

Property Details

Home Type

Multi-Family

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: No
  • Additional Assessor Parcel Numbers: No
  • Living Area: 7972
  • Stories: 3
  • Year Built: 1984
  • Number Of Photos: 1
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Equipment: Range/Oven
  • Price Per S Q F T: 131.71

Exterior Features

  • Construction: 1984
  • Pool: No

Garage/Parking

  • Covered Parking: 7
  • Total Parking: 13

Utilities

  • Electric Expense: 944.00
  • Heating: Radiant
  • Water Expense: 3995.00

Fee Information

  • Gas Expense: 1611.00
  • Insurance Expense: 2300.00
  • Maintenance Expense: 4200.00
  • Management Expense: 4924.00
  • Trash Expense: 900.00

Lot Info

  • Assessed Improvement Value: 784762
  • Assessed Land Value: 438384
  • Assessor Parcel Number: 7416-031-036
  • Lot Size Area: 9000

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 10.32
  • Number Of Units: 12
  • Rent Control: 0
  • Total Annual Expense: 35147
  • Type Of Units: 12
  • Vacancy Rate: 8

Tax Info

  • Tax Expense: 14319.00

Range of Values:

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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

Property History

Date Event Price Change Sq Ft Price
05/22/2012 05/22/12 Sold $935,000 -11.0% $117 / Sq Ft
04/03/2012 04/03/12 Pending -- -- --
02/08/2012 02/08/12 For Sale $1,050,000 -- $132 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 12-580537

The MLS