NOT LISTED FOR SALE

429 Bay View Ave Wilmington, CA 90744

Estimated Value: $1,098,000

8 Beds
6 Baths
3,329 Sq Ft
$330/Sq Ft Est. Value

Last Sold January 09, 2017

Last sale price $748,000 $225 Per Sq Ft

Est. 47% increase in value since last sale

Current estimated payment $6,784/month

47 Days on Market

About This Home

As of January 2017

This home is located at 429 Bay View Ave, Wilmington, CA 90744 since 01 September 2016 and is currently estimated at $1,098,000, approximately $329 per square foot. This property was built in 1952. 429 Bay View Ave is a home located in Los Angeles County with nearby schools including George De La Torre Jr. Elementary and Phineas Banning Senior High School.

Last Agent to Sell the Property

Betty Waung

Keller Williams Palos Verdes License #01209543 Listed on: 09/01/2016

Keller Williams Palos Verdes

Last Buyer's Agent

Non-member Non-member

Palos Verdes Peninsula Assoc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,560

Year Built

  • Built in 1952

Lot Details

  • 8,430 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Garage

Interior Spaces

  • 3,329 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 6 Bathrooms

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 49
  • Tax Tract Number 14308
  • Assessor Parcel Number 7417021005

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 6 Units

Building Details

  • 6 Leased Units
  • Rent Control
  • 1 Separate Electric Meter
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Electric Expense $7,821
  • Gardener Expense $1,200
  • Insurance Expense $1,480
  • Maintenance Expense $2,000
  • Pest Control $500
  • Professional Management Expense $1,800
  • New Taxes Expense $4,870
  • Gross Income $5,365
  • Net Operating Income $42,883

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,560

Year Built

Built in 1952

Lot Details

0

Parking

2

Listing Details

  • Professional Management Expense: 1800.00
  • Property Attached: No
  • Zoning: LAR1
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 7417021005
  • Year Built: 1952
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 224.69

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Sewer Available
  • Pest Control Expense: 500.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 8430.00
  • Price Per Lot Square Foot: 100.81

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Electric Expense: 7821.00
  • Gross Income: 5365.00
  • Gross Scheduled Income: 64380.00
  • Insurance Expense: 1480.00
  • Maintenance Expense: 2000.00
  • Net Operating Income: 42883.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 6
  • Number Of Units Total: 6
  • Operating Expense: 3583.00
  • Operating Expense Percent: 33.39
  • Rent Control: Yes

Tax Info

  • New Taxes Expense: 4870.00
  • Tax Lot: 49
  • Tax Tract Number: 14308

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 30, 2017
Sold by
Mark Icarus Lp
Bought by
Monark Lp
Current Estimated Value
$1,098,000

Purchase Details

Closed on
Oct 7, 2016
Sold by
Zion Management Group
Bought by
Mark Icarus Lp
Source: Public Records

Range of Values:

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Average Value
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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
Monark Lp $2,076,000 None Available
Mark Icarus Lp $785,000 Progressive Title Company
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/09/2017 01/09/17 Sold $748,000 -12.0% $225 / Sq Ft
10/18/2016 10/18/16 Pending -- -- --
09/01/2016 09/01/16 For Sale $849,800 -- $255 / 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 $11,560 $893,191 $568,913 $324,278
2024 $11,560 $875,678 $557,758 $317,920
2023 $11,351 $858,509 $546,822 $311,687
2022 $10,856 $841,676 $536,100 $305,576
2021 $10,719 $825,174 $525,589 $299,585
2019 $10,419 $801,480 $510,000 $291,480
2018 $10,249 $785,780 $500,000 $285,780
2016 $4,904 $347,620 $88,918 $258,702
2015 $4,842 $342,400 $87,583 $254,817
2014 $4,897 $335,694 $85,868 $249,826
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PV16193576

California Regional Multiple Listing Service (CRMLS)

APN: 7417-021-005