NOT LISTED FOR SALE

348 N Fries Ave Wilmington, CA 90744

Estimated Value: $590,000 - $695,706

2 Beds
2 Baths
1,040 Sq Ft
$621/Sq Ft Est. Value

Last Sold March 31, 2022

Last sale price $553,000 $532 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $4,124/month

84 Days on Market

Highlights

  • Corner Lot
  • Laundry Room
  • 2 Car Garage

About This Home

As of March 2022

Live in one and rent the other. Corner lot offers two detached units centrally located and within walking distance to the Port and Waterfront Park. Each unit is 1 bedroom and 1 bathroom with their own parking garage and front porch. Each unit has their own meter, water heater, and interior laundry hookups. A workshop is found in the back along with a spacious shed. Space in the back can be used as parking or entertaining area. Schedule your appointment today!

Last Agent to Sell the Property

Bonizu Ramirez

JR Real Estate License #01822973 Listed on: 06/07/2021

Last Buyer's Agent

Julie Spisak

The Westwood Real Estate Group License #01829189

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,278

Year Built

  • Built in 1918

Lot Details

  • 4,620 Sq Ft Lot
  • No Common Walls
  • Corner Lot
  • Level Lot

Parking

  • 2 Car Garage
  • Parking Available
  • Driveway

Home Design

  • 1,040 Sq Ft Home
  • Duplex

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Additional Features

  • Laundry Room
  • Suburban Location

Listing and Financial Details

  • Tenant pays for all utilities, trash collection
  • Legal Lot and Block 1 / 11
  • Tax Tract Number 741
  • Assessor Parcel Number 7418022013

Community Details

Overview

  • 3 Buildings
  • 2 Units

Building Details

  • 2 Leased Units
  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $725
  • New Taxes Expense $6,400
  • Operating Expense $7,120
  • Gross Income $27,900
  • Net Operating Income $27,900

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,278

Year Built

Built in 1918

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Zoning: LAMR1
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 7418022013
  • Year Built: 1918
  • Special Features: None

Interior Features

  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 531.73

Exterior Features

  • Pool Private: No

Garage/Parking

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

Utilities

  • Laundry: Yes
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot, Level with Street
  • Lot Size Sq Ft: 4620.00
  • Lot Size Acres: 0.1061

Rental Info

  • Tenant Pays: All Utilities, Trash Collection

Multi Family

  • Gross Income: 27900.00
  • Gross Scheduled Income: 27900.00
  • Insurance Expense: 725.00
  • Lot Size Area: 4620.0000 Square Feet
  • Net Operating Income: 27900.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Number With Patio: 2
  • Rent Control: Yes
  • Total Actual Rent: 2325.00
  • Total Expenses: 7120.00

Tax Info

  • New Taxes Expense: 6400.00
  • Tax Block: 11
  • Tax Census Tract: 2948.30
  • Tax Lot: 1
  • Tax Tract Number: 741...

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 1, 2021
Sold by
Neil Sanchez Alder
Bought by
Garces William Steven Pozo
Current Estimated Value
$645,427

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$542,983
Interest Rate
2.87%
Mortgage Type
FHA

Purchase Details

Listed on
Jan 26, 2016
Closed on
May 16, 2016
Sold by
Garcia Billy Manuel
Bought by
Sanchez Alder Neil
Seller's Agent
Saul Miranda
Amer Ex Realty Inc.
Buyer's Agent
Cynthia Morfin
eXp Realty of California Inc
List Price
$299,900
Sold Price
$302,000
Premium/Discount to List
$2,100
0.7%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.33%
Original Mortgage
$296,530
Interest Rate
3.87%
Mortgage Type
FHA

Purchase Details

Closed on
May 31, 2006
Sold by
Cervantes Jose N
Bought by
Cervantes Jose N and Cervantes Estela

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$145,000
Interest Rate
6.87%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Oct 7, 1996
Sold by
Acosta Alice
Bought by
Cervantes Jose N

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$74,591
Interest Rate
7.7%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 10, 1995
Sold by
Ortega Joe G and Ortega Erma
Bought by
Ortega Joe G and Ortega Erma
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Garces William Steven Pozo $553,000 Fidelity National Title
Sanchez Alder Neil $302,000 Lawyers Title
Cervantes Jose N -- Accommodation
Cervantes Jose N -- Ticor Title Fullerton
Cervantes Jose N $75,000 Continental Lawyers Title Co
Cervantes Jose N -- Continental Lawyers Title Co
Ortega Joe G -- --
Ortega Joe G -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Garces William Steven Pozo $542,983
Previous Owner Sanchez Alder Neil $284,000
Previous Owner Sanchez Alder Neil $296,530
Previous Owner Cervantes Jose N $145,000
Previous Owner Cervantes Jose N $74,591
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/31/2022 03/31/22 Sold $553,000 +1.5% $532 / Sq Ft
08/31/2021 08/31/21 Pending -- -- --
08/11/2021 08/11/21 For Sale $545,000 -1.4% $524 / Sq Ft
07/16/2021 07/16/21 Off Market $553,000 -- --
07/07/2021 07/07/21 For Sale $545,000 -1.4% $524 / Sq Ft
06/30/2021 06/30/21 Off Market $553,000 -- --
06/07/2021 06/07/21 For Sale $545,000 +80.5% $524 / Sq Ft
06/01/2016 06/01/16 Sold $302,000 +0.7% $290 / Sq Ft
05/09/2016 05/09/16 Pending -- -- --
01/26/2016 01/26/16 For Sale $299,900 +76.4% $288 / Sq Ft
07/15/2012 07/15/12 Sold $170,000 -5.6% $74 / Sq Ft
06/07/2012 06/07/12 Pending -- -- --
05/09/2012 05/09/12 For Sale $180,000 -- $78 / 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 $7,278 $586,847 $424,483 $162,364
2024 $7,278 $575,341 $416,160 $159,181
2023 $7,141 $564,060 $408,000 $156,060
2022 $4,296 $336,880 $223,101 $113,779
2021 $4,244 $330,276 $218,727 $111,549
2020 $4,282 $326,891 $216,485 $110,406
2019 $4,123 $320,483 $212,241 $108,242
2018 $4,049 $314,200 $208,080 $106,120
2017 $3,962 $308,040 $204,000 $104,040
2016 $2,317 $171,637 $104,023 $67,614
2015 $2,287 $169,060 $102,461 $66,599
2014 $2,307 $165,749 $100,454 $65,295
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW21111751

California Regional Multiple Listing Service (CRMLS)

APN: 7418-022-013