J
Seller's Agent in 2022
Joshua Cohen
Keller Williams South Bay
715 King Ave Wilmington, CA 90744
10
Beds
9
Baths
5,860
Sq Ft
9,087
Sq Ft Lot
About This Home
As of October 2022715 King Avenue is a terrific 9 unit investment property featuring tremendous upside potential of about 80% +/-! The units are a mix of One 2 Bedroom unit and Eight 1 Bedroom units. The grounds have garage parking at the front of the property, and more surface parking at the rear. There is also onsite laundry available (leased) and the units are all individually metered. Wilmington has always been a strong rental market, with terrific access to Long Beach, San Pedro, and the rest of the South Bay! The Port of Los Angeles also provided thousands of stable jobs in the immediate vicinity, helping to maintain Wilmington's reputation as a stable investment market.
Last Agent to Sell the Property
Joshua Cohen
Keller Williams South Bay License #01346713 Listed on: 08/04/2022
Last Buyer's Agent
Joshua Cohen
Keller Williams South Bay License #01346713 Listed on: 08/04/2022
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1964
Lot Details
- 9,087 Sq Ft Lot
- Two or More Common Walls
- Rectangular Lot
Parking
- 9 Parking Spaces
Home Design
- 5,860 Sq Ft Home
- Apartment
Bedrooms and Bathrooms
- 10 Bedrooms
- 9 Bathrooms
Laundry
- Laundry Room
Listing and Financial Details
- Tax Lot 10
- Tax Tract Number 599
- Assessor Parcel Number 7416012036
- $1,213 per year additional tax assessments
Community Details
Building Details
- Rent Control
- 10 Separate Electric Meters
- 10 Separate Gas Meters
- 1 Separate Water Meter
- Other Expense $52,007
- Operating Expense $52,007
- Gross Income $100,968
- Net Operating Income $52,042
Additional Features
- 9 Units
- Laundry Facilities
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The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 10/07/2022 10/07/22 | Sold | $1,340,000 | -9.8% | $229 / Sq Ft | |
| 08/24/2022 08/24/22 | Pending | -- | -- | -- | |
| 08/04/2022 08/04/22 | For Sale | $1,485,000 | +47.0% | $253 / Sq Ft | |
| 06/20/2016 06/20/16 | Sold | $1,010,000 | -3.8% | $172 / Sq Ft | View Prior Sale |
| 06/20/2016 06/20/16 | Pending | -- | -- | -- | |
| 04/13/2016 04/13/16 | For Sale | $1,050,000 | +25.0% | $179 / Sq Ft | |
| 06/19/2014 06/19/14 | Sold | $840,000 | -1.2% | $143 / Sq Ft | View Prior Sale |
| 04/18/2014 04/18/14 | Pending | -- | -- | -- | |
| 03/31/2014 03/31/14 | For Sale | $850,000 | -- | $145 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $17,699 | $1,394,136 | $832,320 | $561,816 |
| 2024 | $17,699 | $1,366,800 | $816,000 | $550,800 |
| 2023 | $17,374 | $1,340,000 | $800,000 | $540,000 |
| 2022 | $14,422 | $1,126,669 | $669,309 | $457,360 |
| 2021 | $14,228 | $1,104,579 | $656,186 | $448,393 |
| 2019 | $13,826 | $1,074,069 | $636,724 | $437,345 |
| 2018 | $13,636 | $1,053,054 | $624,240 | $428,814 |
| 2016 | $11,309 | $869,848 | $517,767 | $352,081 |
| 2015 | $11,155 | $856,783 | $509,990 | $346,793 |
| 2014 | $7,345 | $519,834 | $73,092 | $446,742 |
Source: Public Records
Agents Affiliated with this Home
-
-
Ping Lee
Seller's Agent in 2016
Ping Lee
Calidad Realty
(562) 900-5199
13 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB22171726
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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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