NOT LISTED FOR SALE

318 W I St Wilmington, CA 90744

Estimated Value: $1,393,000 - $1,805,244

10 Beds
8 Baths
4,600 Sq Ft
$335/Sq Ft Est. Value

Sale Details

Date Sold: November 30, 2018

Last sale price $1,220,000 $265 Per Sq Ft

Est. 30% increase in value since last sale

Current estimated payment $9,848 / mo

7 Days on Market

About This Home

As of November 2018

Great opportunity to own multi units, Income property in prime area of South Bay. One of a kind in Wilmington...Beautiful, gated 4 unit complex built in 2008. All units have an open floor plan...Custom solid oak cabinets...granite counter tops...laundry hook-ups...Over sized 2 car garages and storage room...Low E dual paned windows...Low E tankless water heaters in 3 units (4th has conventional water heater)...Pre wired communication (cable, internet, phone) Each unit is air conditioning ready. Two landscaped green areas inside the complex...Easy access to 110 fwy, Los Angeles port, elementary school, community parks and markets. Units can be subdivided and sold as SFR units. No rent control. Rent increase is due! Property sold as is.

Last Agent to Sell the Property

Mavera Mir

Realty ONE Group United License #01828350 Listed on: 11/02/2018

Realty ONE Group United

Last Buyer's Agent

Dean Harizavi

ARTA Financial Services License #01350281

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2008

Lot Details

  • 8,266 Sq Ft Lot
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

Parking

  • 4 Car Direct Access Garage
  • Parking Available

Home Design

  • 4,600 Sq Ft Home
  • Property Attached

Kitchen

  • Gas Range
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 10 Bedrooms
  • All Upper Level Bedrooms
  • 8 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Utilities

  • Natural Gas Connected

Listing and Financial Details

  • Tax Lot 15
  • Tax Tract Number 2948
  • Assessor Parcel Number 7416031014

Community Details

Overview

  • 4 Units

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 4 Separate Water Meters
  • Electric Expense $1
  • Gardener Expense $3
  • Insurance Expense $3
  • Maintenance Expense $3
  • Other Expense $1,000
  • Trash Expense $150
  • New Taxes Expense $10
  • Operating Expense $21
  • Gross Income $73
  • Net Operating Income $52,650

Property Details

Home Type

Multi-Family

Year Built

Built in 2008

Lot Details

8,266 Sq Ft Lot

Parking

4

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Zoning: LARD1.5
  • Property Type: Residential Income
  • Gardener Expense: 2.58
  • Parcel Number: 7416031014
  • Year Built: 2008
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Appliances: Yes
  • Price Per Square Foot: 265.22
  • Room Type: All Bedrooms Up

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Direct Garage Access
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected
  • Laundry: Yes
  • Appliances: Dishwasher, Disposal, Gas Range
  • Laundry Features: Gas & Electric Dryer Hookup, Individual Room, Inside, Washer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 150.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 8266.00
  • Lot Size Acres: 0.1898

Multi Family

  • Electric Expense: 1.00
  • Gross Income: 73.20
  • Gross Scheduled Income: 73200.00
  • Insurance Expense: 2.77
  • Lot Size Area: 8266.0000 Square Feet
  • Maintenance Expense: 2.50
  • Net Operating Income: 52650.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number With Dishwasher: 4
  • Number With Disposal: 4
  • Operating Expense: 20550.00
  • Other Expense: 1000.00
  • Rent Control: No
  • Total Actual Rent: 6100.00
  • Total Expenses: 20.55

Tax Info

  • New Taxes Expense: 10.40
  • Tax Census Tract: 2948.20
  • Tax Lot: 15
  • Tax Tract Number: 2948.2

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 6, 2025
Sold by
Bought by
Current Estimated Value
$1,588,735

Purchase Details

Listed on
Nov 2, 2018
Closed on
Nov 20, 2018
Sold by
Bought by
Seller's Agent
Mavera Mir
Realty ONE Group United
Buyer's Agent
Dean Harizavi
ARTA Financial Services
List Price
$1,200,000
Sold Price
$1,220,000
Premium/Discount to List
$20,000
1.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.10%
Original Mortgage
$871,450
Interest Rate
0.048%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 14, 2013
Sold by
Bought by

Purchase Details

Closed on
Mar 31, 2009
Sold by
Bought by

Purchase Details

Closed on
Oct 31, 2006
Sold by
Bought by

Purchase Details

Closed on
Oct 28, 2004
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$69,252
Interest Rate
0.0579%
Mortgage Type
Unknown

Purchase Details

Closed on
Oct 27, 2004
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$69,252
Interest Rate
0.0579%
Mortgage Type
Unknown
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- None Listed On Document
$1,220,000 Old Republic Title Company
-- None Available
-- None Available
-- Accommodation
-- Ticor Title Co Glendale
-- Ticor Title Co Glendale
$275,000 Ticor Title Co Glendale
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $846,000
Previous Owner $856,000
Previous Owner $860,000
Previous Owner $871,450
Previous Owner $69,252
Previous Owner $61,002
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
11/30/2018 11/30/18 Sold $1,220,000 +1.7% $265 / Sq Ft
11/09/2018 11/09/18 Pending -- -- --
11/02/2018 11/02/18 For Sale $1,200,000 -- $261 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $17,005 $1,360,928 $942,611 $418,317
2024 $16,775 $1,334,244 $924,129 $410,115
2023 $16,457 $1,308,083 $906,009 $402,074
2022 $15,705 $1,282,436 $888,245 $394,191
2021 $15,495 $1,257,291 $870,829 $386,462
2020 $15,647 $1,244,400 $861,900 $382,500
2019 $15,039 $1,220,000 $845,000 $375,000
2018 $10,434 $825,000 $450,000 $375,000
2016 $9,783 $780,000 $400,000 $380,000
2015 $9,784 $780,000 $400,000 $380,000
2014 $8,804 $680,000 $300,000 $380,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB18265268

California Regional Multiple Listing Service (CRMLS)

APN: 7416-031-014

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