NOT LISTED FOR SALE

724 King Ave Wilmington, CA 90744

Estimated Value: $598,000 - $725,699

3 Beds
2 Baths
1,400 Sq Ft
$475/Sq Ft Est. Value

Last Sold February 01, 2019

Last sale price $418,000 $299 Per Sq Ft

Est. 59% increase in value since last sale

Current estimated payment $3,969/month

172 Days on Market

About This Home

As of February 2019

Investor Opportunity, two units with a 3 bedroom, 1 bath at front, recently remodeled with newer kitchen cabinets and granite counters. Newer laminate flooring. Single unit at rear. Sold with permits to expand the second unit and add a bedroom. Huge lot with detached two car garage at rear with alley access.

Last Agent to Sell the Property

Christina Maciel

Del Mar Realty License #01440106 Listed on: 08/13/2018

Last Buyer's Agent

Isaac Ezeanioma

California Homes License #01763033

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1923

Lot Details

  • 5,608 Sq Ft Lot
  • No Common Walls
  • Private Yard

Parking

  • 2 Car Garage

Home Design

  • 1,400 Sq Ft Home

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Listing and Financial Details

  • Tax Lot 11
  • Tax Tract Number 1388
  • Assessor Parcel Number 7416012006

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

Year Built

Built in 1923

Lot Details

0

Parking

2

Listing Details

  • Property Attached: No
  • Zoning: LARD1.5
  • Property Type: Residential Income
  • Parcel Number: 7416012006
  • Year Built: 1923
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 298.57

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Yard
  • Lot Size Sq Ft: 5608.00
  • Lot Size Acres: 0.1287

Multi Family

  • Lot Size Area: 5608.0000 Square Feet
  • 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: 2949.00
  • Tax Lot: 11
  • Tax Tract Number: 1388

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 13, 2018
Closed on
Jan 28, 2019
Sold by
Prosperity Investment Llc
Bought by
Chidi Ayida and Anyaoha Frank Rex
Seller's Agent
Christina Maciel
Del Mar Realty
Buyer's Agent
Isaac Ezeanioma
California Homes
List Price
$418,000
Sold Price
$418,000
Current Estimated Value
$665,425

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$247,425
Avg. Annual Appreciation
6.94%
Original Mortgage
$417,302
Outstanding Balance
$380,248
Interest Rate
6.6%
Mortgage Type
FHA
Estimated Equity
$285,177

Purchase Details

Closed on
Sep 10, 2018
Sold by
Chidi Henry
Bought by
Chidi Ayida

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$16,693
Interest Rate
4.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 29, 2018
Sold by
Sanchez Pedro R
Bought by
Prosperity Investment Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$251,250
Interest Rate
8.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 3, 2017
Sold by
Tegel
Bought by
Tegel

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

Closed on
Jun 8, 2004
Sold by
Sanchez Joe E and Sanchez Julia R
Bought by
Sanchez Pedro R
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

Date Buyer Sale Price Title Company
Chidi Ayida $425,000 Wfg National Title Company
Chidi Ayida -- Wfg National Title Company
Prosperity Investment Llc $335,000 None Available
Tegel -- --
Sanchez Pedro R -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chidi Ayida $417,302
Previous Owner Chidi Ayida $16,693
Previous Owner Prosperity Investment Llc $251,250
Previous Owner Tegel --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/01/2019 02/01/19 Sold $418,000 0.0% $299 / Sq Ft
08/13/2018 08/13/18 For Sale $418,000 -- $299 / 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 $5,873 $474,091 $362,541 $111,550
2024 $5,873 $464,796 $355,433 $109,363
2023 $5,762 $455,683 $348,464 $107,219
2022 $5,498 $446,749 $341,632 $105,117
2021 $5,429 $437,990 $334,934 $103,056
2020 $5,481 $433,500 $331,500 $102,000
2019 $4,291 $341,700 $255,000 $86,700
2018 $689 $40,026 $18,935 $21,091
2016 $647 $38,473 $18,200 $20,273
2015 $640 $37,896 $17,927 $19,969
2014 $657 $37,154 $17,576 $19,578
Source: Public Records

Agents Affiliated with this Home

  • Christina Maciel

    Seller's Agent in 2019

    Christina Maciel

    Del Mar Realty

    (310) 489-8648

    23 in this area

    79 Total Sales

    Christina Maciel
    Section Image

  • I

    Buyer's Agent in 2019

    Isaac Ezeanioma

    California Homes

See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB18196310

California Regional Multiple Listing Service (CRMLS)

APN: 7416-012-006

California Los Angeles County Wilmington 90744

724 King Ave, Wilmington, CA

Not Listed for Sale

MultiFamily

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