NOT LISTED FOR SALE

716 McDonald Ave Wilmington, CA 90744

Estimated Value: $945,000 - $1,484,000

10 Beds
5 Baths
3,900 Sq Ft
$285/Sq Ft Est. Value

Sale Details

Date Sold: May 16, 2018

Last sale price $701,000 $180 Per Sq Ft

Est. 59% increase in value since last sale

Current estimated payment $6,814 / mo

14 Days on Market

About This Home

As of May 2018

Great Opportunity to own a 4 Unit investment property. All Units are spacious. Front Building has 3 bedrooms 2 bath downstairs and 2 Bedrooms 1 bath upstairs. The back building is sitting down on 4 car garages. The upstairs unit has 3 bedrooms 1 bath and the bottom unit has 2 bedrooms 1 bath. Long Term tenants.

Last Agent to Sell the Property

Ruth Ramirez

Del Sol, REALTORS License #01134697 Listed on: 03/07/2018

Last Buyer's Agent

Ruth Ramirez

Del Sol, REALTORS License #01134697 Listed on: 03/07/2018

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1955

Lot Details

  • 6,221 Sq Ft Lot
  • Two or More Common Walls
  • Lawn
  • Garden
  • Front Yard

Parking

  • 4 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 3,900 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 5 Bathrooms

Laundry

  • Laundry in unit
  • Washer Hookup

Location

  • Property is near public transit
  • Urban Location

Utilities

  • Sewer Paid

Listing and Financial Details

  • Tenant pays for all utilities
  • Tax Lot 13
  • Tax Tract Number 3331

Community Details

Overview

  • 2 Buildings
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $2,415
  • Water Sewer Expense $11,200
  • New Taxes Expense $8,953
  • Operating Expense $22,568
  • Net Operating Income $38,632

Property Details

Home Type

Multi-Family

Year Built

Built in 1955

Lot Details

6,221 Sq Ft Lot

Parking

4

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 11200.00
  • Property Type: Residential Income
  • Year Built: 1955
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 179.74

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area, Community, Washer Hookup
  • Sewer: Sewer Paid
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Garden, Lawn, Near Public Transit
  • Lot Size Sq Ft: 6221.00

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Gross Scheduled Income: 61200.00
  • Insurance Expense: 2415.00
  • Net Operating Income: 38632.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 22568.00
  • Rent Control: Yes
  • Total Expenses: 22568.00

Tax Info

  • New Taxes Expense: 8953.00
  • Tax Lot: 13
  • Tax Tract Number: 3331

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 16, 2018
Sold by
Bought by
Current Estimated Value
$1,111,312

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$490,000
Interest Rate
4.4%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 12, 2016
Closed on
May 9, 2016
Sold by
Bought by
Seller's Agent
Ruth Ramirez
Del Sol, REALTORS
Buyer's Agent
Ruth Ramirez
Del Sol, REALTORS
List Price
$705,000
Sold Price
$699,000
Premium/Discount to List
-$6,000
-0.85%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.68%
Original Mortgage
$489,300
Interest Rate
3.71%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 12, 2016
Closed on
Mar 23, 2016
Sold by
Bought by
Seller's Agent
Ruth Ramirez
Del Sol, REALTORS
Buyer's Agent
Ruth Ramirez
Del Sol, REALTORS
List Price
$705,000
Sold Price
$699,000
Premium/Discount to List
-$6,000
-0.85%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$489,300
Interest Rate
3.71%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 15, 2000
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$218,994
Interest Rate
8.26%
Mortgage Type
FHA
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$701,000 Provident Title Company
-- Provident Title Company
$699,000 Provident Title Company
$221,000 First American Title Co
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $490,000
Previous Owner $489,300
Previous Owner $218,994
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/16/2018 05/16/18 Sold $701,000 0.0% $180 / Sq Ft
03/21/2018 03/21/18 Pending -- -- --
03/09/2018 03/09/18 Off Market $701,000 -- --
03/07/2018 03/07/18 For Sale $690,000 -1.3% $177 / Sq Ft
05/18/2016 05/18/16 Sold $699,000 -0.9% $179 / Sq Ft View Prior Sale
03/05/2016 03/05/16 Pending -- -- --
02/12/2016 02/12/16 For Sale $705,000 -- $181 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $10,146 $797,614 $568,913 $228,701
2024 $9,991 $781,975 $557,758 $224,217
2023 $9,805 $766,643 $546,822 $219,821
2022 $9,361 $751,611 $536,100 $215,511
2021 $9,231 $736,875 $525,589 $211,286
2019 $8,963 $715,340 $510,000 $205,340
2018 $9,149 $727,559 $416,160 $311,399
2016 $3,809 $286,919 $97,367 $189,552
2015 $3,758 $282,610 $95,905 $186,705
2014 $3,796 $277,075 $94,027 $183,048
Source: Public Records

Agents Affiliated with this Home

  • Ruth Ramirez

    Seller's Agent in 2018

    Ruth Ramirez

    Del Sol, REALTORS

    (562) 427-4700

    19 Total Sales

    Ruth Ramirez
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW18053329

California Regional Multiple Listing Service (CRMLS)

APN: 7416-020-012

California Los Angeles County Wilmington 90744

716 McDonald Ave, Wilmington, CA

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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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