Seller's Agent in 2022
Teresa Schweyer
Prime Properties
(310) 621-0646
2 in this area
23 Total Sales
728 King Ave Wilmington, CA 90744
Estimated Value: $817,000 - $955,000
8
Beds
4
Baths
2,325
Sq Ft
$381/Sq Ft
Est. Value
Highlights
- 5,608 Acre Lot
- No HOA
- Laundry Room
About This Home
As of February 2022Investors opportunity to own this pride of ownership income property. Or, occupy one unit and collect rental income. Well maintained 4 units in Wilmington. ALL 4 units have two large bedrooms and 1 full bathrooms, plenty of storage space. All 4 units have similar floor plans. Driving distance to shopping, restaurants and freeways.
Last Agent to Sell the Property
Prime Properties License #01471535 Listed on: 08/12/2021
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1946
Lot Details
- 5,608 Acre Lot
- Two or More Common Walls
- Density is 2-5 Units/Acre
Home Design
- 2,325 Sq Ft Home
- Property Attached
Bedrooms and Bathrooms
- 8 Bedrooms
- 4 Bathrooms
Laundry
- Laundry Room
Parking
- 4 Parking Spaces
- Parking Available
- Unassigned Parking
Listing and Financial Details
- Tenant pays for electricity, gas
- Tax Lot 10
- Tax Tract Number 1388
- Assessor Parcel Number 7416012005
- $53,293 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 4 Units
Building Details
- Rent Control
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $1,500
- Trash Expense $200
- Water Sewer Expense $2,800
- Operating Expense $4,500
- Gross Income $35,700
- Net Operating Income $35,700
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Sep 14, 2023
Sold by
Jarrah Farouq H and Jointly Rula Jarrah
Bought by
Jarrah Family Trust
Current Estimated Value
Purchase Details
Listed on
Aug 12, 2021
Closed on
Jan 7, 2022
Sold by
Gonzalez Milla Vida
Bought by
Jarrah Farouq Hashem and Jarrah Rula
Seller's Agent
Teresa Schweyer
Prime Properties
Buyer's Agent
Caitlin Anderton
Estate Properties
List Price
$847,000
Sold Price
$805,000
Premium/Discount to List
-$42,000
-4.96%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.48%
Original Mortgage
$563,500
Interest Rate
3.55%
Mortgage Type
New Conventional
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
Mar 3, 2000
Sold by
Gonzales Candelario
Bought by
Milla Vida Gonzalez
Purchase Details
Closed on
Nov 17, 1998
Sold by
Gonzalez Candelario
Bought by
Gonzalez Candelario and The Gonzalez Family Living Trust
Purchase Details
Closed on
Mar 20, 1998
Sold by
Milla Vida Gonzalez
Bought by
Gonzalez Candelario
Purchase Details
Closed on
Aug 9, 1996
Sold by
Gonzalez Candelario
Bought by
Milla Vida Gonzalez
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 |
|---|---|---|---|
| Jarrah Family Trust | -- | None Listed On Document | |
| Jarrah Farouq Hashem | $805,000 | Fidelity National Title | |
| Tegel | -- | -- | |
| Milla Vida Gonzalez | -- | -- | |
| Gonzalez Candelario | -- | -- | |
| Gonzalez Candelario | -- | First American Title | |
| Milla Vida Gonzalez | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Jarrah Farouq Hashem | $563,500 | |
| Previous Owner | Tegel | -- |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 02/18/2022 02/18/22 | Sold | $805,000 | -5.0% | $346 / Sq Ft |
| 02/12/2022 02/12/22 | For Sale | $847,000 | 0.0% | $364 / Sq Ft |
| 01/19/2022 01/19/22 | Pending | -- | -- | -- |
| 11/29/2021 11/29/21 | Price Changed | $847,000 | -0.1% | $364 / Sq Ft |
| 11/05/2021 11/05/21 | Price Changed | $848,000 | -0.2% | $365 / Sq Ft |
| 08/12/2021 08/12/21 | For Sale | $849,900 | -- | $366 / 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 | $10,534 | $854,272 | $583,664 | $270,608 |
| 2024 | $10,534 | $837,522 | $572,220 | $265,302 |
| 2023 | $10,335 | $821,100 | $561,000 | $260,100 |
| 2022 | $1,120 | $54,921 | $20,301 | $34,620 |
| 2021 | $1,095 | $53,845 | $19,903 | $33,942 |
| 2019 | $1,072 | $52,849 | $19,313 | $33,536 |
| 2018 | $962 | $51,826 | $18,935 | $32,891 |
| 2016 | $898 | $49,238 | $18,200 | $31,038 |
| 2015 | $889 | $48,499 | $17,927 | $30,572 |
| 2014 | $921 | $47,550 | $17,576 | $29,974 |
Source: Public Records
Agents Affiliated with this Home
-
Teresa Schweyer
-
Caitlin Anderton
C
Buyer's Agent in 2022
Caitlin Anderton
RE/MAX
(310) 922-7348
1 in this area
5 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PV21176651
APN: 7416-012-005
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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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