Seller's Agent in 2021
Raul Garcia
Circle Real Estate
(310) 753-0768
7 in this area
49 Total Sales
725 Lagoon Ave Wilmington, CA 90744
Estimated Value: $1,032,000 - $1,653,000
8
Beds
4
Baths
3,624
Sq Ft
$373/Sq Ft
Est. Value
About This Home
As of August 2021No 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
Circle Real Estate License #01347054 Listed on: 06/16/2021
Property Details
Home Type
- Multi-Family
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
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
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%
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Sha Llc | -- | None Listed On Document | |
| 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 | Lagoon Green Llc | $585,000 | |
| Previous Owner | Gonzales Jimmy Dean | $240,000 | |
| Previous Owner | Gonzales Jimmy | $50,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 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
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 | $17,056 | $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
-
Sona Gallatin
Buyer's Agent in 2021
Sona Gallatin
Keller Williams VIP Properties
(818) 261-8306
1 in this area
21 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW21127773
APN: 7416-026-009
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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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