NOT LISTED FOR SALE

603 W E St Wilmington, CA 90744

Estimated Value: $741,000 - $1,052,000

1 Bed
1 Bath
2,075 Sq Ft
$422/Sq Ft Est. Value

Last Sold June 27, 2013

Last sale price $360,000 $173 Per Sq Ft

Est. 143% increase in value since last sale

Current estimated payment $5,160/month

40 Days on Market

Highlights

  • No Units Above
  • No HOA
  • Wall Furnace
  • Traditional Architecture
  • Laundry Room
  • 3-minute walk to Wilmington Recreation Center

About This Home

As of June 2013

Very well maintained 4 unit building. Many upgrades in recent years. Ideal for investor/owner, will qualify for all financing. Great tenants, low maintenance and good rents. Available with adjacent property 605 W E St.. On site washer and dryer room utilized by both properties. Please do not walk on property. Tenants are unaware of sale. Offer subject to inspection. Good Luck!!!

Last Agent to Sell the Property

Michael Geluz

Legacy Realty & Investments License #01469084 Listed on: 04/10/2013

Last Buyer's Agent

Larissa Rubijevsky

Estate Properties License #01347242

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,171

Year Built

  • Built in 1955

Lot Details

  • 4,643 Sq Ft Lot
  • No Units Above
  • No Units Located Below
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

Home Design

  • 2,075 Sq Ft Home
  • Traditional Architecture
  • Property Attached
  • Slab Foundation
  • Composition Roof

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Bathroom

Parking

  • 4 Parking Spaces
  • Parking Available
  • Assigned Parking

Utilities

  • Wall Furnace
  • Sewer Paid

Additional Features

  • Laundry Room
  • Exterior Lighting

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Assessor Parcel Number 7417023006

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 4 Leased Units
  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • New Taxes Expense $4,873
  • Gross Income $3,050
  • Net Operating Income $34,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,171

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Assessments: No
  • Other Phone Description: (310)345-4891
  • Property Attached: Yes
  • Architectural Style: Traditional
  • Property Type: Residential Income
  • Parcel Number: 7417023006
  • Year Built: 1955
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall, No One Above, No One Below
  • Price Per Square Foot: 173.49

Exterior Features

  • Foundation: Slab
  • Pool Private: No
  • Roof: Composition
  • Spa: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Community
  • Sewer: Sewer Paid
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 4643.00
  • Lot Size Acres: 0.1070

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 3050.00
  • Gross Scheduled Income: 36600.00
  • Lot Size Area: 4643.0000 Square Feet
  • Net Operating Income: 34200.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 2400.00
  • Rent Control: Yes
  • Total Actual Rent: 3050.00

Tax Info

  • New Taxes Expense: 4873.00
  • Tax Year: 2012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 23, 2015
Sold by
Tsetsorin Boris
Bought by
Tsetsorin & Tobay Trust
Current Estimated Value
$876,222

Purchase Details

Listed on
Apr 10, 2013
Closed on
Jun 25, 2013
Sold by
Rosales Mauricio
Bought by
Tsetsorin Boris
Seller's Agent
Michael Geluz
Legacy Realty & Investments
Buyer's Agent
Larissa Rubijevsky
Estate Properties
List Price
$389,900
Sold Price
$360,000
Premium/Discount to List
-$29,900
-7.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.11%
Original Mortgage
$180,000
Outstanding Balance
$126,097
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$710,275

Purchase Details

Closed on
Jul 30, 2010
Sold by
Aguirre Mynor
Bought by
Rosales Mauricio and Velasco Theresa

Purchase Details

Closed on
Dec 8, 2008
Sold by
Aguirre Eda M
Bought by
Aguirre Mynor A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$213,750
Interest Rate
5.97%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 23, 2008
Sold by
Velez Alfredo
Bought by
Aguirre Mynor

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$213,750
Interest Rate
5.97%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 2, 2006
Sold by
Velez Guillermina
Bought by
Velez Alfredo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$460,000
Interest Rate
7.25%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Aug 22, 2005
Sold by
Velez Martha
Bought by
Velez Alfredo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$47,250
Interest Rate
5.81%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Aug 5, 2005
Sold by
Mavar Bonina M and Estate Of Rudy T Rivera
Bought by
Velez Alfredo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$47,250
Interest Rate
5.81%
Mortgage Type
Credit Line Revolving
Source: Public Records

Range of Values:

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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

Date Buyer Sale Price Title Company
Tsetsorin & Tobay Trust -- None Available
Tsetsorin Boris $360,000 Provident Title Company
Rosales Mauricio $295,000 None Available
Aguirre Mynor A -- Lawyers
Aguirre Mynor $285,000 Lawyers
Velez Alfredo -- United Title Company-La
Velez Alfredo -- Lawyers Title
Velez Alfredo $472,500 Lawyers Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tsetsorin Boris $180,000
Previous Owner Aguirre Mynor $213,750
Previous Owner Velez Alfredo $460,000
Previous Owner Velez Alfredo $47,250
Previous Owner Velez Alfredo $378,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/27/2013 06/27/13 Sold $360,000 -7.7% $173 / Sq Ft
05/20/2013 05/20/13 Pending -- -- --
04/10/2013 04/10/13 For Sale $389,900 -- $188 / 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 $6,171 $486,054 $303,416 $182,638
2024 $6,171 $476,524 $297,467 $179,057
2023 $6,058 $467,182 $291,635 $175,547
2022 $5,786 $458,022 $285,917 $172,105
2021 $5,709 $449,042 $280,311 $168,731
2019 $5,545 $435,725 $271,998 $163,727
2018 $5,456 $427,182 $266,665 $160,517
2016 $5,206 $410,596 $256,311 $154,285
2015 $4,709 $368,859 $204,922 $163,937
2014 -- $361,634 $200,908 $160,726
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW13064633

California Regional Multiple Listing Service (CRMLS)

APN: 7417-023-006