NOT LISTED FOR SALE

616 W F St Wilmington, CA 90744

8 Beds
8 Baths
6,136 Sq Ft
9,275 Sq Ft Lot

Last Sold July 27, 2016

Last sale price $1,000,000 $163 Per Sq Ft

82 Days on Market

Highlights

  • No HOA
  • Level Lot
  • 5-minute walk to Wilmington Recreation Center

About This Home

As of July 2016

Very large Spanish style courtyard units in highly desirable rental area near the port. Average sq ft per unit is 767 sq ft. Extra large lot with 9275 sq ft. Freshly painted exterior. Almost new windows, detached 8 car garage with attached workshop. Most tenants have been there for years ~ stable and proven income ~ Upside income potential with current rents below market ~ Pride of Ownership ~ Sold in It's AS-IS condition ~

Last Agent to Sell the Property

Mirko Zeljak

Beach City Brokers License #00919543 Listed on: 03/31/2016

Beach City Brokers

Last Buyer's Agent

Ryan Rayburn

Marcus & Millichap License #01496522

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1929

Lot Details

  • 9,275 Sq Ft Lot
  • Two or More Common Walls
  • Level Lot
  • Density is up to 1 Unit/Acre

Parking

  • 8 Car Garage

Home Design

  • 6,136 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Bathrooms

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Assessor Parcel Number 7417023007

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 8 Units

Building Details

  • 8 Leased Units
  • Rent Control
  • 9 Separate Electric Meters
  • 8 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $600
  • Insurance Expense $2,035
  • Trash Expense $2,640
  • Water Sewer Expense $3,000
  • New Taxes Expense $13,750
  • Gross Income $6,922

Property Details

Home Type

Multi-Family

Year Built

Built in 1929

Lot Details

0

Parking

8

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 3000.00
  • Property Type: Residential Income
  • Parcel Number: 7417023007
  • Year Built: 1929
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: One
  • Price Per Square Foot: 162.97

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 8.00
  • Total Parking Spaces: 8.00

Utilities

  • Utilities: Sewer Connected
  • Trash Expense: 2640.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: Curbs, Sidewalks

Lot Info

  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Level with Street
  • Lot Size Sq Ft: 9275.00
  • Price Per Lot Square Foot: 107.82

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average1 Bed Area: 767
  • Electric Expense: 600.00
  • Gross Income: 6922.00
  • Gross Multiplier: 12.64
  • Gross Scheduled Income: 83064.00
  • Insurance Expense: 2035.00
  • Number Of Rented Garages: 7
  • Number Of Separate Electric Meters: 9
  • Number Of Separate Gas Meters: 8
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 8
  • Number Of Units Total: 8
  • Other Income Description: 1 garage rented to non tenant
  • Rent Control: Yes
  • Total Actual Rent: 6922.00

Tax Info

  • New Taxes Expense: 13750.00

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/27/2016 07/27/16 Sold $1,000,000 -9.0% $163 / Sq Ft
03/31/2016 03/31/16 For Sale $1,099,000 -- $179 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Mirko Zeljak

    Seller's Agent in 2016

    Mirko Zeljak

    Beach City Brokers

    (310) 427-3542

    5 Total Sales

    Section Image

  • R

    Buyer's Agent in 2016

    Ryan Rayburn

    Marcus & Millichap

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB16066004

California Regional Multiple Listing Service (CRMLS)

California Los Angeles County Wilmington 90744

616 W F St, Wilmington, CA

This home is located at 616 W F St, Wilmington, CA 90744 since 31 March 2016. This property was built in 1929. 616 W F St is a home located in Los Angeles County with nearby schools including George De La Torre Jr. Elementary, Phineas Banning Senior High School, and Sts. Peter And St. Paul School.

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California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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