NOT LISTED FOR SALE

725 Lagoon Ave Wilmington, CA 90744

Estimated Value: $1,167,000 - $1,663,000

8 Beds
4 Baths
3,624 Sq Ft
$383/Sq Ft Est. Value

Last Sold August 18, 2021

Last sale price $1,275,000 $352 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $8,997/month

13 Days on Market

About This Home

As of August 2021

No Rent Control! Great opportunity to own a newer 4-unit building with upside potential! The building was recently built in 2009. This property sits on a 7500+ sq foot lot and features 2 assigned parking spots per unit, 1 handicap spot and 1 reserved guest parking space; 10 total spaces. Each unit has 2 bedrooms and 1 bath and highly desirable in unit laundry hookups. Common area behind the building features a covered sitting area. Located near the Port of LA and quick access to freeways.

Last Agent to Sell the Property

Raul Garcia

Circle Real Estate License #01347054 Listed on: 06/16/2021

Circle Real Estate

Last Buyer's Agent

Sona Gallatin

Keller Williams North Valley License #01488764

Keller Williams North Valley

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,831

Year Built

  • Built in 2009

Lot Details

  • 7,522 Sq Ft Lot
  • No Common Walls
  • Level Lot

Home Design

  • 3,624 Sq Ft Home

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room

Parking

  • Parking Available
  • Assigned Parking

Listing and Financial Details

  • Legal Lot and Block 9 / 8
  • Assessor Parcel Number 7416026009

Community Details

Overview

  • 4 Units

Building Details

  • 4 Leased Units
  • 5 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,316
  • Water Sewer Expense $9,000
  • Operating Expense $10,316
  • Gross Income $81,768
  • Net Operating Income $71,452

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,831

Year Built

Built in 2009

Lot Details

0

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 9000.00
  • Zoning: LARD1.5
  • Property Type: Residential Income
  • Parcel Number: 7416026009
  • Year Built: 2009
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 351.82

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Assigned

Utilities

  • Laundry: Yes
  • Laundry Features: Inside
  • 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: Level
  • Lot Size Sq Ft: 7522.00
  • Lot Size Acres: 0.1727
  • Latitude Manual: 33.77903200

Multi Family

  • Average2 Bed Area: 912 Square Feet
  • Gross Income: 81768.00
  • Gross Scheduled Income: 81768.00
  • Insurance Expense: 1316.00
  • Lot Size Area: 7522.0000 Square Feet
  • Net Operating Income: 71452.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 10316.00
  • Rent Control: No
  • Total Actual Rent: 6814.00
  • Total Expenses: 10316.00

Tax Info

  • Tax Block: 8
  • Tax Census Tract: 2948.20
  • Tax Lot: 9

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 27, 2023
Sold by
Sha Llc
Bought by
Sha Llc
Current Estimated Value
$1,387,093

Purchase Details

Listed on
Jun 16, 2021
Closed on
Jul 27, 2021
Sold by
Lagoon Green Llc
Bought by
Sha Llc
Seller's Agent
Raul Garcia
Circle Real Estate
Buyer's Agent
Sona Gallatin
Keller Williams North Valley
List Price
$1,190,000
Sold Price
$1,275,000
Premium/Discount to List
$85,000
7.14%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.05%
Original Mortgage
$1,014,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 18, 2020
Sold by
Gonzales Jimmy Dean
Bought by
Lagoon Green Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$585,000
Interest Rate
3.3%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 27, 2007
Sold by
Gonzalez Anita Holguin
Bought by
Gonzales Jimmy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
6.21%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 3, 2007
Sold by
Gonzales Jimmy and The Gonzales Living Trust
Bought by
Gonzales Jimmy Dean

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
6.21%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 20, 2007
Sold by
Gonzales Jimmy
Bought by
The Jimmy Gonzales Living Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
6.21%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 15, 1994
Sold by
Gonzales Jimmy
Bought by
Gonzales Jimmy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
7.24%
Source: Public Records

Range of Values:

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Average Value
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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
Sha Llc -- None Listed On Document
Sha Llc $1,275,000 Wfg Title Company Of Ca
Lagoon Green Llc -- Old Republic Title Company
Gonzales Jimmy -- Multiple
Gonzales Jimmy Dean $300,000 Multiple
The Jimmy Gonzales Living Trust -- None Available
Gonzales Jimmy -- Title Land Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Sha Llc $1,014,000
Previous Owner Lagoon Green Llc $585,000
Previous Owner Gonzales Jimmy Dean $584,000
Previous Owner Gonzales Jimmy Dean $340,000
Previous Owner Gonzales Jimmy Dean $350,000
Previous Owner Gonzales Jimmy Dean $237,000
Previous Owner Gonzales Jimmy Dean $240,000
Previous Owner Gonzales Jimmy $50,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/18/2021 08/18/21 Sold $1,275,000 +7.1% $352 / Sq Ft
07/01/2021 07/01/21 For Sale $1,190,000 -6.7% $328 / Sq Ft
06/29/2021 06/29/21 Pending -- -- --
06/28/2021 06/28/21 Off Market $1,275,000 -- --
06/16/2021 06/16/21 For Sale $1,190,000 -- $328 / 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 $16,831 $1,377,000 $867,000 $510,000
2024 $16,831 $1,350,000 $850,000 $500,000
2023 $16,234 $1,300,500 $816,000 $484,500
2022 $15,488 $1,275,000 $800,000 $475,000
2021 $4,932 $368,622 $38,060 $330,562
2020 $4,973 $364,843 $37,670 $327,173
2019 $4,795 $357,690 $36,932 $320,758
2018 $4,658 $350,677 $36,208 $314,469
2016 $4,423 $337,061 $34,803 $302,258
2015 $4,363 $331,999 $34,281 $297,718
2014 $4,403 $325,497 $33,610 $291,887
Source: Public Records

Agents Affiliated with this Home

  • Raul Garcia

    Seller's Agent in 2021

    Raul Garcia

    Circle Real Estate

    (310) 753-0768

    7 in this area

    49 Total Sales

    Section Image
  • Sona Gallatin

    Buyer's Agent in 2021

    Sona Gallatin

    Keller Williams North Valley

    (818) 261-8306

    1 in this area

    23 Total Sales

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW21127773

California Regional Multiple Listing Service (CRMLS)

APN: 7416-026-009

California Los Angeles County Wilmington 90744

725 Lagoon Ave, Wilmington, CA

This home is located at 725 Lagoon Ave, Wilmington, CA 90744 since 16 June 2021 and is currently estimated at $1,387,093, approximately $382 per square foot. This property was built in 2009. 725 Lagoon Ave is a home located in Los Angeles County with nearby schools including George De La Torre Jr. Elementary, Phineas Banning Senior High School, and Sts. Peter And St. Paul School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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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