NOT LISTED FOR SALE

348 E Opp St Wilmington, CA 90744

Estimated Value: $869,000 - $1,050,125

5 Beds
3 Baths
2,574 Sq Ft
$369/Sq Ft Est. Value

Last Sold April 12, 2021

Last sale price $755,000 $293 Per Sq Ft

Est. 26% increase in value since last sale

Current estimated payment $5,828/month

2 Days on Market

Highlights

  • Wood Flooring
  • Corner Lot
  • Laundry Room
  • Bonus Room
  • Living Room
  • Central Heating

About This Home

As of April 2021

The property located in the city of Wilmington bordered by the Los Angeles Harbor on the south, the cities of
Lomita, Torrance and Rancho Palos Verdes on the west and the city of Carson on the north. This duplex is perfect to rent out or live in one house and rent the other. This detached duplex is being sold AS IS. Situated on a large lot 10,258 sqft with 2 single car garages and plenty of parking.

Unit 348 is a 3bed/2.5bath home with a formal dining room with living area 1,699 sqft. The 2nd home unit 346 is a 2bed/1bath home with living area 871 sqft and nice sized kitchen and currently rented to section 8. Rents are under market. The duplex is located in a nice neighborhood with shopping, freeways and schools nearby. * Buyer to verify all permits. Please see supplement documents* Due to current pandemic, please don't go direct or disturb tenants. There are big dogs on the property. Showing after the offer approved.

Last Agent to Sell the Property

Bao Tran

Bao Tran , Broker License #01738662 Listed on: 03/08/2021

Last Buyer's Agent

Afshin Eskandari

West Shores Realty, Inc. License #01803613

West Shores Realty, Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1922

Lot Details

  • 10,258 Sq Ft Lot
  • No Common Walls
  • Wrought Iron Fence
  • Block Wall Fence
  • Chain Link Fence
  • Corner Lot
  • Sprinkler System
  • Front Yard

Parking

  • 2 Car Garage
  • Parking Available
  • Driveway

Home Design

  • Duplex
  • Brick Exterior Construction
  • Shingle Roof
  • Composition Roof
  • Stucco

Interior Spaces

  • 2,574 Sq Ft Home
  • 1-Story Property
  • Wood Burning Fireplace
  • Family Room
  • Living Room
  • Bonus Room
  • Gas Range

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Laundry Located Outside

Accessible Home Design

  • Lowered Light Switches

Utilities

  • Central Heating
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for all utilities
  • Tax Lot 8
  • Tax Tract Number 400
  • Assessor Parcel Number 7423017020

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 2 Leased Units
  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $888
  • Maintenance Expense $1,000
  • Professional Management Expense $4,500
  • New Taxes Expense $6,229
  • Operating Expense $12,617
  • Gross Income $45,684
  • Net Operating Income $33,067

Property Details

Home Type

Multi-Family

Year Built

Built in 1922

Lot Details

0

Parking

2

Listing Details

  • Professional Management Expense: 4500.00
  • Property Attached: No
  • Zoning: LARD3
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 7423017020
  • Year Built: 1922
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Carpet, Tile, Wood
  • Accessibility Features: Lowered Light Switches
  • Appliances: Yes
  • Fireplace Features: Wood Burning
  • Levels: One
  • Price Per Square Foot: 293.32
  • Room Type: Bonus Room, Family Room, Living Room

Exterior Features

  • Fence: Yes
  • Fencing: Block, Chain Link, Wrought Iron
  • Pool Private: No
  • Roof: Composition, Shingle
  • Spa: No
  • Construction Materials: Brick, Stucco

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Driveway
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Sewer Available, Sewer Connected, Water Available, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Range
  • Heating Type: Central, Wall Furnace
  • Laundry Features: Outside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot, Front Yard, Lot 10000-19999 Sqft, Sprinkler System
  • Lot Size Sq Ft: 10258.00
  • Lot Size Acres: 0.2355
  • Latitude Manual: 33.78276900

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Gross Income: 45684.00
  • Gross Scheduled Income: 45684.00
  • Insurance Expense: 888.00
  • Lot Size Area: 10258.0000 Square Feet
  • Maintenance Expense: 1000.00
  • Net Operating Income: 33067.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Number With Carpet: 1
  • Number With Range: 2
  • Operating Expense: 12617.00
  • Rent Control: Yes
  • Total Actual Rent: 3807.00
  • Total Expenses: 12617.00

Tax Info

  • New Taxes Expense: 6229.00
  • Tax Census Tract: 2947.01
  • Tax Lot: 8
  • Tax Tract Number: 00400

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 8, 2013
Closed on
Dec 17, 2013
Sold by
Tran Bauchau L
Bought by
Tran Baochau Lam and Tran Ngoclong Lam
Seller's Agent
Polly Watts
Shelter Club Realty, Inc.
Buyer's Agent
Bao Tran
Bao Tran , Broker
List Price
$399,900
Sold Price
$450,000
Premium/Discount to List
$50,100
12.53%
Current Estimated Value
$949,781

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$499,781
Avg. Annual Appreciation
6.38%
Original Mortgage
$307,500
Outstanding Balance
$227,946
Interest Rate
4.08%
Mortgage Type
New Conventional
Estimated Equity
$721,835

Purchase Details

Listed on
Nov 8, 2013
Closed on
Dec 2, 2013
Sold by
Wedgewood Reo I Llc
Bought by
Tran Baochau L
Seller's Agent
Polly Watts
Shelter Club Realty, Inc.
Buyer's Agent
Bao Tran
Bao Tran , Broker
List Price
$399,900
Sold Price
$450,000
Premium/Discount to List
$50,100
12.53%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$307,500
Outstanding Balance
$227,946
Interest Rate
4.08%
Mortgage Type
New Conventional
Estimated Equity
$721,835

Purchase Details

Closed on
Apr 23, 2013
Sold by
Monteagudo Iliana K
Bought by
Martingale Investments Llc

Purchase Details

Closed on
Jun 12, 2012
Sold by
Martingale Investments Llc
Bought by
Wedgewood Reo I Llc

Purchase Details

Closed on
Oct 25, 2006
Sold by
Monteagudo Monteagudo Iliana K Iliana K and Monteagudo Galeana Iliana K
Bought by
Monteagudo Iliana K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$540,000
Interest Rate
6.36%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 16, 2005
Sold by
Monteagudo Monteagudo Rosa Rosa and Monteagudo Galeana Iliana K
Bought by
Galeana Iliana K Monteagudo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$359,650
Interest Rate
5.93%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 21, 2002
Sold by
Garcia Ygnacio R
Bought by
Monteagudo Monteagudo Rosa Rosa and Monteagudo Galeana Iliana K
Source: Public Records

Range of Values:

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

Date Buyer Sale Price Title Company
Tran Baochau Lam -- None Available
Tran Baochau L $440,000 Title 365
Tran Baochau L -- Title 365
Martingale Investments Llc $350,000 Accommodation
Wedgewood Reo I Llc -- Accommodation
Monteagudo Iliana K -- Fidelity National Title Co
Galeana Iliana K Monteagudo -- Sut
Monteagudo Monteagudo Rosa Rosa $230,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tran Baochau L $307,500
Previous Owner Monteagudo Iliana K $540,000
Previous Owner Galeana Iliana K Monteagudo $359,650
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/12/2021 04/12/21 Sold $755,000 +1.3% $293 / Sq Ft
03/08/2021 03/08/21 For Sale $745,000 +65.6% $289 / Sq Ft
12/10/2013 12/10/13 Sold $450,000 +12.5% $175 / Sq Ft View Prior Sale
11/13/2013 11/13/13 Pending -- -- --
11/08/2013 11/08/13 For Sale $399,900 -- $155 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

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 $10,341 $817,234 $595,337 $221,897
2024 $10,194 $801,211 $583,664 $217,547
2023 $10,003 $785,502 $572,220 $213,282
2022 $9,551 $770,100 $561,000 $209,100
2021 $6,412 $498,297 $294,449 $203,848
2020 $6,470 $493,188 $291,430 $201,758
2019 $6,229 $483,518 $285,716 $197,802
2018 $6,057 $474,038 $280,114 $193,924
2016 $5,776 $455,633 $269,238 $186,395
2015 $5,695 $448,790 $265,194 $183,596
2014 $5,726 $440,000 $260,000 $180,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW21048539

California Regional Multiple Listing Service (CRMLS)

APN: 7423-017-020