NOT LISTED FOR SALE

405 W G St Wilmington, CA 90744

Estimated Value: $603,242 - $756,000

3 Beds
3 Baths
1,640 Sq Ft
$428/Sq Ft Est. Value

Last Sold June 27, 2014

Last sale price $313,000 $191 Per Sq Ft

Est. 124% increase in value since last sale

Current estimated payment $4,229/month

17 Days on Market

About This Home

As of June 2014

BREAD AND BUTTER UNITS, 3 UNITS CONSISTING OF 1 BEDROOM 1 BATH EACH, FRONT BUILDING IT'S A SINGLE STORY IT HAS 2 OF THE UNITS AND REAR BUILDING HAS THE 3 CAR GARAGES AND THE 3RD UNIT ABOVE THE GARAGES. THERE'S A YARD BETWEEN THE REAR AND FRONT BUILDING.
TWO OF THE UNITS LOOK GOOD, MIDDLE UNIT IT NEEDS SOME UPDATING AND REPAIRS. OWNER STATES RENTS ARE $700, $800 AND $900. OWNER PREFERS TO SELL THE PROPERTY AS IS TENANT OCCUPIED.
OUTSIDE STUCCO IT LOOKS GOOD, PLEASE DO NOT DISTURB TENANTS

Last Agent to Sell the Property

Bruce Kennedy

Coastlands Realtors License #00932358 Listed on: 05/05/2014

Last Buyer's Agent

Leticia Rivera

Estate Properties License #01183706

Estate Properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,854

Year Built

  • Built in 1949

Lot Details

  • 4,795 Sq Ft Lot
  • Property fronts an alley
  • 1 Common Wall

Parking

  • 3 Car Garage

Home Design

  • 1,640 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 25
  • Tax Tract Number 628
  • Assessor Parcel Number 7416028019

Community Details

Overview

  • 2 Buildings
  • 3 Units

Building Details

  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $650
  • New Taxes Expense $4,487
  • Gross Income $2,400
  • Net Operating Income $25,750

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,854

Year Built

Built in 1949

Lot Details

0

Parking

3

Listing Details

  • Property Attached: Yes
  • Road Frontage Type: Alley
  • Property Type: Residential Income
  • Parcel Number: 7416028019
  • Year Built: 1949
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 190.85

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Sewer Connected
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Sidewalks, Street Lights

Lot Info

  • Lot Size Sq Ft: 4795.00
  • Lot Size Acres: 0.1100

Multi Family

  • Gross Income: 2400.00
  • Gross Scheduled Income: 28800.00
  • Insurance Expense: 650.00
  • Lot Size Area: 4795.0000 Square Feet
  • Net Operating Income: 25750.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 3050.00
  • Rent Control: Yes

Tax Info

  • New Taxes Expense: 4487.00
  • Taxes Percent: 1.25
  • Tax Lot: 25
  • Tax Tract Number: 628
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 5, 2014
Closed on
Jun 19, 2014
Sold by
Separat Barron Vivian Jolene and Separat Alice Vasquez Alderete
Bought by
Gonzalez Andres
Seller's Agent
Bruce Kennedy
Coastlands Realtors
Buyer's Agent
Leticia Rivera
Estate Properties
List Price
$359,000
Sold Price
$313,000
Premium/Discount to List
-$46,000
-12.81%
Current Estimated Value
$701,811

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$388,811
Avg. Annual Appreciation
7.01%

Purchase Details

Closed on
Dec 14, 2000
Sold by
Alderete Alice
Bought by
Separat Alderete Alice Vasquez and Separat Alice Vasquez Alderete

Purchase Details

Closed on
Nov 16, 1999
Sold by
Trust Alderette Alice Tr Esther Vasquez
Bought by
Alderete Alice
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
Gonzalez Andres $313,000 Lawyers Title
Separat Alderete Alice Vasquez -- --
Alderete Alice -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/27/2014 06/27/14 Sold $313,000 -12.8% $191 / Sq Ft
05/22/2014 05/22/14 Pending -- -- --
05/05/2014 05/05/14 For Sale $359,000 -- $219 / 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 $4,854 $383,683 $269,684 $113,999
2024 $4,854 $376,161 $264,397 $111,764
2023 $4,764 $368,786 $259,213 $109,573
2022 $4,549 $361,556 $254,131 $107,425
2021 $4,489 $354,468 $249,149 $105,319
2020 $4,530 $350,835 $246,595 $104,240
2019 $4,359 $343,957 $241,760 $102,197
2018 $4,302 $337,214 $237,020 $100,194
2016 $4,103 $324,121 $227,817 $96,304
2015 $4,046 $319,253 $224,395 $94,858
2014 $2,475 $181,535 $70,062 $111,473
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW14093027

California Regional Multiple Listing Service (CRMLS)

APN: 7416-028-019