NOT LISTED FOR SALE

721 Gulf Ave Wilmington, CA 90744

Estimated Value: $775,000 - $990,000

8 Beds
5 Baths
2,200 Sq Ft
$392/Sq Ft Est. Value

Last Sold August 09, 2017

Last sale price $569,000 $259 Per Sq Ft

Est. 52% increase in value since last sale

Current estimated payment $5,372/month

55 Days on Market

About This Home

As of August 2017

Large Duplex with 2 detached buildings. Front unit is a 5 bedroom 3 bath with Living Room and Family Room, and rear unit is 3 bedroom 2 bath. Both units were just recently painted on the exterior. The front unit has all new paint on the interior. It also has new laminate wood floor throughout the entire house. Both units have newer water heaters. The kitchen is newer. The front unit has it's own private entrance in the front which can fit 4 cars. The back unit has it's own private driveway entrance from the alley which can fit 3 cars. The front unit is very clean and beautifully landscaped with new mulch in the front. The back unit has it's own private yard. Live in one unit and have the other tenant pay your mortgage. This is such a great property in great condition.

Last Agent to Sell the Property

Eduardo Preciado

Real Estate Ebroker Inc License #01725805 Listed on: 05/13/2017

Real Estate Ebroker Inc

Last Buyer's Agent

Simon Quinones

The Real Estate Solution License #01459885

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,052

Year Built

  • Built in 1912

Lot Details

  • 7,187 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 1 Car Garage

Home Design

  • 2,200 Sq Ft Home

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 5 Bathrooms

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 12
  • Assessor Parcel Number 7416016008

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,052

Year Built

Built in 1912

Lot Details

0

Parking

1

Listing Details

  • Property Attached: No
  • Zoning: LARD1.5
  • Property Type: Residential Income
  • Parcel Number: 7416016008
  • Year Built: 1912
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 258.64

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 1.00
  • Total Parking Spaces: 1.00

Utilities

  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs, Storm Drains, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 7187.00

Multi Family

  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Rent Control: Yes

Tax Info

  • Tax Census Tract: 2948.10
  • Tax Lot: 12
  • Tax Tract Number: 000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 13, 2017
Closed on
Jul 26, 2017
Sold by
Vivo Robert and Vivo Srey
Bought by
Li Jianze and Wu Lihong
Seller's Agent
Eduardo Preciado
Real Estate Ebroker Inc
Buyer's Agent
Simon Quinones
The Real Estate Solution
List Price
$595,000
Sold Price
$569,000
Premium/Discount to List
-$26,000
-4.37%
Current Estimated Value
$862,801

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$293,801
Avg. Annual Appreciation
5.32%
Original Mortgage
$389,000
Outstanding Balance
$209,646
Interest Rate
3.88%
Mortgage Type
New Conventional
Estimated Equity
$653,155

Purchase Details

Closed on
Feb 18, 2014
Sold by
Vivo Robert
Bought by
Vivo Robert and Vivo Srey

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$235,000
Interest Rate
4.34%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 18, 2013
Sold by
Vivo Srey
Bought by
Vivo Robert

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,000
Interest Rate
3.33%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Oct 12, 2011
Closed on
Oct 1, 2012
Sold by
Camkay Investments Inc
Bought by
Vivo Robert and Vivo Srey
Seller's Agent
Rick Robles
RE/MAX College Park Realty
Buyer's Agent
Robert Vivo
Keller Williams Pacific Estate
List Price
$316,900
Sold Price
$230,000
Premium/Discount to List
-$86,900
-27.42%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.79%
Original Mortgage
$246,500
Interest Rate
3.63%
Mortgage Type
Unknown

Purchase Details

Listed on
Oct 12, 2011
Closed on
Sep 7, 2012
Sold by
Federal National Mortgage Association
Bought by
Camkay Investments Inc
Seller's Agent
Rick Robles
RE/MAX College Park Realty
Buyer's Agent
Robert Vivo
Keller Williams Pacific Estate
List Price
$316,900
Sold Price
$230,000
Premium/Discount to List
-$86,900
-27.42%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$246,500
Interest Rate
3.63%
Mortgage Type
Unknown

Purchase Details

Closed on
Aug 24, 2011
Sold by
Milla Magdalena Peralta and Milla Maximo A
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Nov 30, 2010
Sold by
Milla Magdalena Peralta and Milla Maximo A
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Sep 17, 2007
Sold by
Aguirre Salvador V and Aguirre Lucia A
Bought by
Aguirre Salvador V and Aguirre Lucia A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$425,000
Interest Rate
6.4%
Mortgage Type
Unknown

Purchase Details

Closed on
Apr 21, 2004
Sold by
Milla Elizabeth
Bought by
Peralta Milla Jr Maximo A and Peralta Milla Magdalena

Purchase Details

Closed on
Jan 14, 2000
Sold by
Milla Magdalena P and Milla Maximo A
Bought by
Milla Elizabeth

Purchase Details

Closed on
Aug 12, 1997
Sold by
Milla Maximo A and Milla Maximo A Magdalena P
Bought by
Milla Magdalena Peralta and Milla Maximo A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,000
Interest Rate
10.33%
Source: Public Records

Range of Values:

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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
Li Jianze $569,000 Fidelity National Title
Vivo Robert -- North American Title Co
Vivo Robert -- Fidelity National Title
Vivo Robert -- None Available
Camkay Investments Inc $230,000 Lsi Title Company Inc
Federal National Mortgage Association $473,862 None Available
Federal National Mortgage Association $446,894 Accommodation
Aguirre Salvador V -- None Available
Peralta Milla Jr Maximo A -- Alliance Title
Milla Elizabeth -- --
Milla Magdalena Peralta -- South Coast Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Li Jianze $389,000
Previous Owner Vivo Robert $235,000
Previous Owner Vivo Robert $220,000
Previous Owner Camkay Investments Inc $246,500
Previous Owner Milla Magdalena Peralta $425,000
Previous Owner Milla Maximo A $380,000
Previous Owner Milla Magdalena Peralta $110,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/09/2017 08/09/17 Sold $569,000 -1.7% $259 / Sq Ft
07/07/2017 07/07/17 Pending -- -- --
06/14/2017 06/14/17 Price Changed $579,000 -2.7% $263 / Sq Ft
05/13/2017 05/13/17 For Sale $595,000 +158.7% $270 / Sq Ft
09/25/2012 09/25/12 Sold $230,000 -27.4% $105 / Sq Ft
08/30/2012 08/30/12 Pending -- -- --
10/12/2011 10/12/11 For Sale $316,900 -- $144 / 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 $8,052 $647,418 $420,994 $226,424
2024 $8,052 $634,725 $412,740 $221,985
2023 $7,901 $622,281 $404,648 $217,633
2022 $7,541 $610,080 $396,714 $213,366
2021 $7,443 $598,119 $388,936 $209,183
2020 $7,515 $591,987 $384,948 $207,039
2019 $7,225 $580,380 $377,400 $202,980
2018 $7,096 $569,000 $370,000 $199,000
2016 $3,105 $239,251 $130,028 $109,223
2015 $3,063 $235,658 $128,075 $107,583
2014 $3,086 $231,043 $125,567 $105,476
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW17106374

California Regional Multiple Listing Service (CRMLS)

APN: 7416-016-008