NOT LISTED FOR SALE

641 N Wilmington Blvd Wilmington, CA 90744

Estimated Value: $1,031,000 - $1,187,000

8 Beds
4 Baths
3,894 Sq Ft
$284/Sq Ft Est. Value

Last Sold January 25, 2017

Last sale price $675,000 $173 Per Sq Ft

Est. 59% increase in value since last sale

Current estimated payment $6,671/month

9 Days on Market

Highlights

  • Laundry Room
  • Level Lot
  • Wall Furnace
  • Wrought Iron Fence

About This Home

As of January 2017

PLEASED TO PRESENT THIS GREAT INCOME PROPERTY. 2 bedroom 1 bath each. Interior laundry hookups. Copper plumbing throughout. Vinyl windows throughout building. Units have been upgraded at interior. Exterior stucco and paint were worked on. Roof was improved approximately 3 years ago. Security gates at front and rear of building. Stairwell was retrofitted 2 years ago. Private courtyard. Assigned gated parking at rear of building with alley access. Close proximity to 110 Fwy. SAN PEDRO and the beach. Great location-close to schools, park and library. Walking distance to Pacific Coast Highway.Close proximity to Harbor West Side Slip. DRIVE BY ONLY. PLEASE DO NOT DISTURB TENANTS. ACCESS WILL BE DENIED. SUBJECT TO INtERIOR INSPECTION

Last Agent to Sell the Property

Julio Bonilla

Keller Williams Pacific Estates License #01281205 Listed on: 10/07/2016

Keller Williams Pacific Estates

Last Buyer's Agent

Kristy Elaine

Redfin License #01948906

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,906

Year Built

  • Built in 1964 | Remodeled

Lot Details

  • 4,231 Sq Ft Lot
  • Two or More Common Walls
  • Wrought Iron Fence
  • Block Wall Fence
  • No Landscaping
  • Level Lot

Home Design

  • 3,894 Sq Ft Home
  • Property Attached
  • Fire Rated Drywall
  • Stucco

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Washer Hookup

Location

  • Urban Location

Utilities

  • Wall Furnace
  • Sewer Paid

Community Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $700
  • New Taxes Expense $6,700
  • Net Operating Income $41,195

Listing and Financial Details

  • Tax Lot 2
  • Tax Tract Number 5413
  • Assessor Parcel Number 7416011002

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,906

Year Built

Built in 1964 | Remodeled

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Alley Paved, Paved
  • Security: Window Bars
  • Zoning: LAR3
  • Property Condition: Updated/Remodeled
  • Property Type: Residential Income
  • Parcel Number: 7416011002
  • Year Built: 1964
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 173.34

Exterior Features

  • Fence: Yes
  • Fencing: Block, Wrought Iron
  • Pool Private: No
  • Construction Materials: Drywall Walls, Stucco

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Washer Hookup
  • Sewer: Public Sewer, Sewer Paid

Condo/Co-op/Association

  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level, No Landscaping
  • Lot Size Sq Ft: 4231.00

Multi Family

  • Gross Scheduled Income: 53880.00
  • Insurance Expense: 700.00
  • Net Operating Income: 41195.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Operating Expense: 12685.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 6700.00
  • Tax Census Tract: 2949.00
  • Tax Lot: 2
  • Tax Tract Number: 5413

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 3, 2017
Sold by
Tegel
Bought by
Tegel
Current Estimated Value
$1,072,778

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Interest Rate
4.14%

Purchase Details

Listed on
Oct 7, 2016
Closed on
Dec 20, 2016
Sold by
Uwadia Helen
Bought by
Cs Properties Llc
Seller's Agent
Julio Bonilla
Keller Williams Pacific Estates
Buyer's Agent
Kristy Elaine
Redfin
List Price
$700,000
Sold Price
$675,000
Premium/Discount to List
-$25,000
-3.57%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.95%

Purchase Details

Closed on
Mar 21, 2006
Sold by
Uwadia Oje and Uwadia Helen
Bought by
Uwadia Oje

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$455,000
Interest Rate
7.5%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Feb 2, 2005
Sold by
Yen Paul P and Yen Tina C
Bought by
Uwadia Oje

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$402,500
Interest Rate
6.25%
Mortgage Type
Purchase Money Mortgage
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
Tegel -- --
Cs Properties Llc $675,000 None Available
Uwadia Oje -- Investors Title Company
Uwadia Oje $575,000 Commonwealth Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cs Properties Llc $300,000
Closed Tegel --
Previous Owner Uwadia Oje $455,000
Previous Owner Uwadia Oje $402,500
Closed Uwadia Oje $115,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/25/2017 01/25/17 Sold $675,000 -3.6% $173 / Sq Ft
10/07/2016 10/07/16 For Sale $700,000 -- $180 / 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 $9,906 $783,392 $464,232 $319,160
2024 $9,906 $768,032 $455,130 $312,902
2023 $9,724 $752,973 $446,206 $306,767
2022 $9,288 $738,209 $437,457 $300,752
2021 $9,160 $723,735 $428,880 $294,855
2020 $9,246 $716,315 $424,483 $291,832
2019 $8,896 $702,270 $416,160 $286,110
2018 $8,792 $688,500 $408,000 $280,500
2016 $7,169 $560,000 $358,000 $202,000
2015 $6,789 $528,000 $338,000 $190,000
2014 $6,313 $475,000 $285,000 $190,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW16717895

California Regional Multiple Listing Service (CRMLS)

APN: 7416-011-002