NOT LISTED FOR SALE

725 Gulf Ave Wilmington, CA 90744

Estimated Value: $751,000 - $923,000

4 Beds
4 Baths
2,291 Sq Ft
$366/Sq Ft Est. Value

Last Sold June 08, 2015

Last sale price $452,000 $197 Per Sq Ft

Est. 82% increase in value since last sale

Current estimated payment $5,060/month

17 Days on Market

About This Home

As of June 2015

Standard sale. Good 4 unit in Wilmington for an investor. Drive by only. Please do not disturb the tenants. Submit an offer subject to interior inspection.

Last Agent to Sell the Property

Jason Lee

Team Spirit Realty License #01845646 Listed on: 04/03/2015

Last Buyer's Agent

Karen Anderson

Keller Williams LA Harbor License #01224307

Keller Williams LA Harbor

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,862

Year Built

  • Built in 1956

Lot Details

  • 7,185

Home Design

  • 2,291 Sq Ft Home

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Parking

  • 4 Parking Spaces
  • Uncovered Parking

Additional Features

  • 7,185 Sq Ft Lot
  • Heating System Mounted To A Wall or Window

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 7416-016-006

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,862

Year Built

Built in 1956

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 2291
  • Year Built: 1956
  • Number Of Photos: 7
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Bedrooms: 4
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 4.00
  • Den: 0
  • Price Per S Q F T: 191.62

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • View: No

Garage/Parking

  • Parking Garage: Uncovered
  • Total Parking: 4

Utilities

  • Heating: Wall

Lot Info

  • Assessed Improvement Value: 120544
  • Assessed Land Value: 145658
  • Assessor Parcel Number: 7416-016-006
  • Geocode Override: No
  • Lot Size Area: 7185

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Number Of Units: 4
  • Total Annual Expense: 0
  • Type Of Units: Unknown
  • Vacancy Rate: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 3, 2015
Closed on
May 27, 2015
Sold by
Kim Jay J
Bought by
Matsumura Adam
Seller's Agent
Jason Lee
Team Spirit Realty
Buyer's Agent
Karen Anderson
Keller Williams LA Harbor
List Price
$439,000
Sold Price
$452,000
Premium/Discount to List
$13,000
2.96%
Current Estimated Value
$823,706

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$371,706
Avg. Annual Appreciation
6.26%
Original Mortgage
$361,600
Outstanding Balance
$279,768
Interest Rate
3.64%
Mortgage Type
New Conventional
Estimated Equity
$559,628

Purchase Details

Listed on
Apr 19, 2012
Closed on
Aug 28, 2012
Sold by
Kim Jay Ju Yeon and Kim Jay
Bought by
Kim Jay Ju Yeon and Kim Joanne Sun
Seller's Agent
Bruce Ellison
Estate Properties
Buyer's Agent
Justin Yee
Vast Investment Group Inc
List Price
$249,900
Sold Price
$265,000
Premium/Discount to List
$15,100
6.04%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
21.09%
Original Mortgage
$185,500
Interest Rate
3.58%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 18, 2012
Sold by
The Bank Of New York Mellon
Bought by
Kim Jay

Purchase Details

Closed on
Feb 3, 2011
Sold by
Chavarin Xavier R and Chavarin Maria Inez
Bought by
The Bank Of New York Mellon and The Bank Of New York

Purchase Details

Closed on
Jun 30, 2006
Sold by
Arp Llc
Bought by
Chavarin Xavier R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$413,000
Interest Rate
7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 9, 2005
Sold by
Rush Kent A and Rush Deborah J
Bought by
Arp Llc

Purchase Details

Closed on
Apr 20, 2004
Sold by
Reade Frank C and Reade Freda P
Bought by
Rush Kent A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$359,200
Interest Rate
7.37%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Matsumura Adam $452,000 Chicago Title
Kim Jay Ju Yeon -- Title 365
Kim Jay $265,000 Landsafe Title Simi Valley
The Bank Of New York Mellon $256,500 Landsafe Title
Chavarin Xavier R $590,000 Southland Title
Arp Llc -- Accommodation
Rush Kent A $449,000 Southland Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Matsumura Adam $361,600
Previous Owner Kim Jay Ju Yeon $185,500
Previous Owner Chavarin Xavier R $413,000
Previous Owner Rush Kent A $359,200
Previous Owner Reade Frank C $182,000
Closed Rush Kent A $44,900
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/08/2015 06/08/15 Sold $452,000 +3.0% $197 / Sq Ft
04/20/2015 04/20/15 Pending -- -- --
04/03/2015 04/03/15 For Sale $439,000 +65.7% $192 / Sq Ft
08/24/2012 08/24/12 Sold $265,000 +6.0% $116 / Sq Ft
05/01/2012 05/01/12 Pending -- -- --
04/19/2012 04/19/12 For Sale $249,900 -- $109 / Sq Ft
Source: The MLS

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 $6,862 $543,228 $360,551 $182,677
2024 $6,862 $532,578 $353,482 $179,096
2023 $6,735 $522,136 $346,551 $175,585
2022 $6,432 $511,899 $339,756 $172,143
2021 $6,347 $501,863 $333,095 $168,768
2019 $6,163 $487,179 $323,216 $163,963
2018 $6,089 $477,631 $316,879 $160,752
2016 $6,263 $458,893 $304,575 $154,318
2015 $3,578 $271,520 $148,568 $122,952
2014 $3,616 $266,202 $145,658 $120,544
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 15-893099

The MLS

APN: 7416-016-006