NOT LISTED FOR SALE

710 Pioneer Ave Wilmington, CA 90744

Estimated Value: $724,000 - $835,556

4 Beds
4 Baths
2,080 Sq Ft
$375/Sq Ft Est. Value

Last Sold October 28, 2015

Last sale price $444,000 $213 Per Sq Ft

Est. 76% increase in value since last sale

Current estimated payment $4,632/month

32 Days on Market

Highlights

  • Traditional Architecture
  • No HOA
  • Turnkey
  • Private Yard
  • Floor Furnace
  • Wood Siding

About This Home

As of October 2015

Unique family compound. 4 upgraded houses on 40 x 156 lot. 520 sq. ft. each, w/front and rear doors, small front and side yards, raised foundations, and separate gas and electric meters. 45K actual income with upside. Great rental area 2 blocks from the booming Port of Los Angeles. I own bungalow units like this - they're extremely low maintenance and no one ever leaves. Zillow predicts 8.4% appreciation here next year. See agent remarks.

Last Agent to Sell the Property

Leo Nordine

Nordine Realtors, Inc. License #00961679 Listed on: 08/21/2015

Last Buyer's Agent

Guillermo Rodriguez

Guillermo Rodriguez, Broker License #01389996

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,613

Year Built

  • Built in 1928

Lot Details

  • 6,401 Sq Ft Lot
  • Lot Dimensions are 40 x 156
  • No Common Walls
  • Southwest Facing Home
  • Private Yard

Parking

  • 16 Parking Spaces

Home Design

  • Traditional Architecture
  • Entry on the 1st floor
  • Turnkey
  • Raised Foundation
  • Frame Construction
  • Shingle Roof
  • Composition Roof
  • Wood Siding
  • Stucco

Interior Spaces

  • 2,080 Sq Ft Home
  • 1-Story Property

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Outdoor Features

  • Exterior Lighting

Utilities

  • Floor Furnace
  • Sewer Paid

Listing and Financial Details

  • Tax Lot 13
  • Tax Tract Number 484
  • Assessor Parcel Number 7424023010

Community Details

Overview

  • No Home Owners Association
  • 4 Buildings
  • 4 Units

Building Details

  • 4 Leased Units
  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Net Operating Income $45,660

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,613

Year Built

Built in 1928

Lot Details

0

Listing Details

  • Property Attached: No
  • View: No
  • Zoning: LAM2
  • Architectural Style: Traditional
  • Property Condition: Turnkey
  • Property Type: Residential Income
  • Parcel Number: 7424023010
  • Year Built: 1928
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Carpet, Vinyl
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 213.46

Exterior Features

  • Direction Faces: Southwest
  • Foundation: Raised
  • Pool Private: No
  • Roof: Composition, Shingle
  • Spa: No
  • Construction Materials: Frame, Stucco, Wood Siding

Garage/Parking

  • Total Parking Spaces: 16.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Heating Type: Floor Furnace
  • Sewer: Sewer Paid
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Lot Features: Yard
  • Lot Size: 40 x 156
  • Lot Size Sq Ft: 6401.00
  • Price Per Lot Square Foot: 69.36
  • Lot Size Acres: 0.1470

Multi Family

  • Average1 Bed Area: 520
  • Gross Scheduled Income: 45660.00
  • Lot Size Area: 6401.0000 Square Feet
  • Net Operating Income: 45660.00
  • 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
  • Rent Control: Yes
  • Total Actual Rent: 3955.00

Tax Info

  • Tax Lot: 13
  • Tax Tract Number: 484

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 3, 2017
Sold by
Tegel
Bought by
Tegel
Current Estimated Value
$779,639

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
Aug 21, 2015
Closed on
Oct 21, 2015
Sold by
Yourist Bradley J and Yourist Daniel J
Bought by
Mujica David and Mujica Marilyn
Seller's Agent
Leo Nordine
Nordine Realtors, Inc.
Buyer's Agent
Guillermo Rodriguez
Guillermo Rodriguez, Broker
List Price
$449,000
Sold Price
$444,000
Premium/Discount to List
-$5,000
-1.11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.79%
Original Mortgage
$259,000
Interest Rate
3.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 10, 2010
Sold by
Yourist Natasha
Bought by
Yourist Bradley J

Purchase Details

Closed on
Jun 30, 2008
Sold by
Deutsche Bank National Trust Co
Bought by
Wilmington Pioneer Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$270,000
Interest Rate
6.04%
Mortgage Type
Balloon

Purchase Details

Closed on
Sep 24, 2007
Sold by
Hernandez Samuel
Bought by
Deutsche Bank National Trust Co and Soundview Home Loan Trust 2006-Opt5 Asse

Purchase Details

Closed on
Mar 1, 2006
Sold by
Welland Financial Llc
Bought by
Hernandez Samuel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$441,000
Interest Rate
9.29%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 21, 2005
Sold by
Tsang William
Bought by
Welland Financial Llc

Purchase Details

Closed on
Jan 11, 2005
Sold by
Contreras Alicia and Lasalvia Cristina
Bought by
Tsang William

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$270,000
Interest Rate
5.79%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 8, 2004
Sold by
Becerra Guillermina and Maria Beccera Revocable Living
Bought by
Contreras Alice and Becerra Henrietta
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
Tegel -- --
Mujica David $444,000 Usa National Title Company
Yourist Bradley J -- Fidelity National Title Co
Yourist Daniel J -- Fidelity National Title Co
Yourist Bradley J -- Fidelity National Title Co
Wilmington Pioneer Inc $305,000 First American Title Ins Co
Deutsche Bank National Trust Co $446,250 Accommodation
Hernandez Samuel $490,000 Lawyers Title
Welland Financial Llc $115,000 --
Tsang William $385,000 First American Title Company
Contreras Alice -- First American Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Tegel --
Previous Owner Mujica David $259,000
Previous Owner Wilmington Pioneer Inc $270,000
Previous Owner Hernandez Samuel $441,000
Previous Owner Tsang William $270,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/28/2015 10/28/15 Sold $444,000 -1.1% $213 / Sq Ft
09/22/2015 09/22/15 Pending -- -- --
08/21/2015 08/21/15 For Sale $449,000 -- $216 / 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 $6,613 $525,598 $355,136 $170,462
2024 $6,613 $515,293 $348,173 $167,120
2023 $6,490 $505,191 $341,347 $163,844
2022 $6,197 $495,286 $334,654 $160,632
2021 $6,115 $485,576 $328,093 $157,483
2019 $5,938 $471,175 $318,362 $152,813
2018 $5,827 $461,937 $312,120 $149,817
2016 $5,559 $444,000 $300,000 $144,000
2015 $4,044 $316,834 $187,952 $128,882
2014 $4,083 $310,629 $184,271 $126,358
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB15185729

California Regional Multiple Listing Service (CRMLS)

APN: 7424-023-010