$1,355,000
SOLD NOV 4, 2022

7327 Wilcox Ave Cudahy, CA 90201

5 Beds
4 Baths
2,568 Sq Ft
5,846 Sq Ft Lot

Recently Sold

$528 Per Sq Ft

3% Below List Price

Highlights

  • Crown Molding
  • Cooling System Mounted To A Wall/Window
  • Ceiling Fan
  • Bell High School Rated A-
  • Laundry Room
  • Turnkey

About This Home

As of December 2024

*Great Cash Flow * Generating $8,500 Monthly and $102,000 Annually in Income, along with Location! Location! Location! Fantastic 4 Units centrally located next to Florence Ave near the 710 freeway. 3 Units are 1 Bedroom/1 Bath and 1 Unit is a 2 Bedroom/1 Bath. All Units have been fully renovated and each are A/C cooled with brand new washer/dryer, stove and refrigerator for tenant connivence in this roaring rental market . Property offers 3 garages with open air parking as well. Minimal landscaping required. Perfect investment for all types of investors!

Last Agent to Sell the Property

Isaac Rosales

Executive Bankers Realty License #01389408 Listed on: 10/28/2022

Last Buyer's Agent

Marisol Alarcon

Marisol Alarcon, Broker License #01257782

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $18,899

Year Built

  • Built in 1955 | Remodeled

Lot Details

  • 5,846 Sq Ft Lot
  • No Common Walls
  • Density is 2-5 Units/Acre

Parking

  • 3 Car Garage

Home Design

  • Quadruplex
  • Turnkey

Interior Spaces

  • 2,568 Sq Ft Home
  • Crown Molding
  • Ceiling Fan

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Kitchen
  • Stacked Washer and Dryer

Outdoor Features

  • Exterior Lighting

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Listing and Financial Details

  • Tax Lot 29
  • Tax Tract Number 180
  • Assessor Parcel Number 6226008006

Community Details

Overview

  • 2 Buildings
  • 4 Units

Building Details

  • 4 Leased Units
  • Rent Control
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $700
  • Maintenance Expense $600
  • Trash Expense $1,200
  • Water Sewer Expense $1,440
  • New Taxes Expense $16,035
  • Operating Expense $19,975
  • Gross Income $98,940
  • Net Operating Income $78,965

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$18,899

Year Built

Built in 1955 | Remodeled

Lot Details

0

Parking

3

Listing Details

  • CapRate: 5.88
  • Price Per Unit: 348750
  • Property Attached: No
  • Water Sewer Expenses: 1440.00
  • Zoning: CUR3*
  • Property Condition: Turnkey, Updated/Remodeled
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 6226008006
  • Year Built: 1955
  • Special Features: None

Interior Features

  • Interior Amenities: Ceiling Fan(s), Crown Molding
  • Common Walls: No Common Walls
  • Price Per Square Foot: 527.65

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Dryer Included, Gas & Electric Dryer Hookup, In Kitchen, Stackable, Washer Included
  • Sewer: Public Sewer
  • Trash Expense: 1200.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 5846.00
  • Lot Size Acres: 0.1342

Multi Family

  • Gross Multiplier: 13.68
  • Gross Operating Income: 98940.00
  • Gross Scheduled Income: 102000.00
  • Gross Spendable Income: 78965.00
  • Insurance Expense: 700.00
  • Lot Size Area: 5846.0000 Square Feet
  • Maintenance Expense: 600.00
  • Net Operating Income: 78965.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number Wall A C: 9
  • Number With Range: 4
  • Number With Refrigerator: 4
  • Operating Expense: 19975.00
  • Operating Expense Percent: 19.58
  • Rent Control: Yes
  • Total Actual Rent: 8300.00
  • Total Expenses: 19975.00
  • Vacancy Allowance: 3060
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 16035.00
  • Tax Census Tract: 5344.05
  • Tax Lot: 29
  • Tax Tract Number: 180

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 25, 2024
Closed on
Dec 18, 2024
Sold by
Holman Jerrhonda and Johnson Kejanae
Bought by
H2h Life Llc
Seller's Agent
Marisol Alarcon
Marisol Alarcon, Broker
Buyer's Agent
Tiffany L. Wysinger
Keller Williams Realty-Studio City
List Price
$1,459,000
Sold Price
$1,350,000
Premium/Discount to List
-$109,000
-7.47%
Views
30
Current Estimated Value
$1,395,466

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$45,466
Avg. Annual Appreciation
1.99%
Original Mortgage
$1,215,000
Outstanding Balance
$1,207,509
Interest Rate
6.72%
Mortgage Type
New Conventional
Estimated Equity
$162,317

Purchase Details

Listed on
Oct 25, 2024
Closed on
Dec 4, 2024
Sold by
Fregoso Steve and Fregoso Alicia
Bought by
Holman Jerrhonda and Johnson Kejanae
Seller's Agent
Marisol Alarcon
Marisol Alarcon, Broker
Buyer's Agent
Tiffany L. Wysinger
Keller Williams Realty-Studio City
List Price
$1,459,000
Sold Price
$1,350,000
Premium/Discount to List
-$109,000
-7.47%
Views
30

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,215,000
Outstanding Balance
$1,207,509
Interest Rate
6.72%
Mortgage Type
New Conventional
Estimated Equity
$162,317

Purchase Details

Listed on
Oct 28, 2022
Closed on
Nov 3, 2022
Sold by
253 S Corondelet St Llc
Bought by
Fregoso Steve and Fregoso Alicia
Seller's Agent
Isaac Rosales
Executive Bankers Realty
Buyer's Agent
Marisol Alarcon
Marisol Alarcon, Broker
List Price
$1,395,000
Sold Price
$1,355,000
Premium/Discount to List
-$40,000
-2.87%
Views
13

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-0.17%

Purchase Details

Listed on
Dec 8, 2021
Closed on
Jan 13, 2022
Sold by
Cornejo and Griselda
Bought by
253 S Carondelet St Llc
Seller's Agent
MICHELLE DEL MURO
CENTURY 21 CITRUS REALTY INC
Buyer's Agent
MICHELLE DEL MURO
CENTURY 21 CITRUS REALTY INC
List Price
$1,099,999
Sold Price
$1,075,000
Premium/Discount to List
-$24,999
-2.27%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
34.05%
Original Mortgage
$1,036,000
Interest Rate
3.11%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 6, 1994
Sold by
Zippi Richard A and Zippi Edith A
Bought by
Cornejo Isaias and Cornejo Griselda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$176,000
Interest Rate
4.25%
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 Type Sale Price Title Company
Quit Claim Deed -- Fidelity National Title
Quit Claim Deed -- Fidelity National Title
Grant Deed $1,350,000 Orange Coast Title Company
Grant Deed $1,355,000 Fidelity National Title
Grant Deed $1,075,000 Fidelity National Title
Grant Deed $220,000 North American Title Company
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,215,000 New Conventional
Previous Owner $800,000 New Conventional
Previous Owner $1,036,000 New Conventional
Previous Owner $60,000 Credit Line Revolving
Previous Owner $214,700 Unknown
Previous Owner $205,000 Unknown
Previous Owner $176,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/17/2024 12/17/24 Sold $1,350,000 -7.5% $526 / Sq Ft
10/25/2024 10/25/24 For Sale $1,459,000 +7.7% $568 / Sq Ft
11/04/2022 11/04/22 Sold $1,355,000 -2.9% $528 / Sq Ft
10/28/2022 10/28/22 For Sale $1,395,000 +29.8% $543 / Sq Ft
10/26/2022 10/26/22 Pending -- -- --
01/21/2022 01/21/22 Sold $1,075,000 -2.3% $419 / Sq Ft
12/08/2021 12/08/21 For Sale $1,099,999 -- $428 / 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 $18,899 $1,350,000 $600,000 $750,000
2024 $18,899 $1,382,100 $663,000 $719,100
2023 $18,530 $1,355,000 $650,000 $705,000
2022 $6,359 $348,197 $94,954 $253,243
2021 $6,232 $341,371 $93,093 $248,278
2020 $6,256 $337,872 $92,139 $245,733
2019 $6,021 $331,248 $90,333 $240,915
2018 $5,834 $324,754 $88,562 $236,192
2016 $5,555 $312,145 $85,124 $227,021
2015 $5,460 $307,457 $83,846 $223,611
2014 $5,455 $301,435 $82,204 $219,231
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: RS22228249

California Regional Multiple Listing Service (CRMLS)

APN: 6226-008-006