NOT LISTED FOR SALE

816 Broad Ave Wilmington, CA 90744

Estimated Value: $777,000 - $1,148,627

Studio
-- Bath
2,202 Sq Ft
$419/Sq Ft Est. Value

Last Sold May 31, 2016

Last sale price $469,000 $213 Per Sq Ft

Est. 97% increase in value since last sale

Current estimated payment $5,533/month

129 Days on Market

Highlights

  • Floor Furnace
  • 1-Story Property
  • 3-minute walk to Wilmington Town Square Park

About This Home

As of May 2016

Just a mile from the Ocean port, this property is well located and full of opportunity. The Two homes have been complete done over, are vacant and FHA ready. Both homes hove laundry rooms. The front home has a new roof, new paint in and out, new floors in kitchen and both bathrooms, newly sanded hardwood floors , a large legal family room in the back that can be used as a master bedroom for a total of 3+2, new porch, new landscape with DG...and on and on.The back house has also been repainted in and out, new tile floors through out, landscaped outside and parking from the rear. The best part is that both properties are vacant to allow a new buyer live where he wants and rent the other. Note: Assessor states that square footage is 2,979 but taped measurement shows 2,202

Last Agent to Sell the Property

Luis Ruiz

LAR Realty, Inc. License #01295320 Listed on: 12/18/2015

Last Buyer's Agent

Leticia Rivera

License #01183706

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1920

Lot Details

  • 7,756

Interior Spaces

  • 2,202 Sq Ft Home
  • 1-Story Property

Parking

  • 3 Open Parking Spaces
  • 3 Parking Spaces

Additional Features

  • 7,756 Sq Ft Lot
  • Floor Furnace

Listing and Financial Details

  • Assessor Parcel Number 7423-011-016

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • Rent Control

Property Details

Home Type

Multi-Family

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Alley: Yes
  • Living Area: 2202
  • Probate: No
  • Stories: 1
  • Year Built: 1920
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Price Per S Q F T: 212.99

Exterior Features

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

Garage/Parking

  • Other Spaces: 3
  • Total Parking: 3

Utilities

  • Heating: Floor Furnace

Lot Info

  • Assessed Improvement Value: 37797
  • Assessed Land Value: 20168
  • Assessor Parcel Number: 7423-011-016
  • Geocode Override: No
  • Lot Size Area: 7756

Rental Info

  • Land Lease Type: Fee
  • Rent Control: Yes

Multi Family

  • Unit Type: 2106, 2107
  • Number Of Units: 2
  • Rent Control: 100
  • Type Of Units: 2 on a lot

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 3, 2017
Sold by
Tegel
Bought by
Tegel
Current Estimated Value
$921,907

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

Listed on
Dec 18, 2015
Closed on
May 25, 2016
Sold by
Cabrera Octavio
Bought by
Cabrera Jacqueline
Seller's Agent
Luis Ruiz
LAR Realty, Inc.
Buyer's Agent
Leticia Rivera
List Price
$499,000
Sold Price
$469,000
Premium/Discount to List
-$30,000
-6.01%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.29%
Original Mortgage
$460,505
Interest Rate
3.58%
Mortgage Type
FHA

Purchase Details

Listed on
Dec 18, 2015
Closed on
Apr 26, 2016
Sold by
Rob Investments Llc
Bought by
Cabrera Jacqueline and Dereza Eric
Seller's Agent
Luis Ruiz
LAR Realty, Inc.
Buyer's Agent
Leticia Rivera
List Price
$499,000
Sold Price
$469,000
Premium/Discount to List
-$30,000
-6.01%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$460,505
Interest Rate
3.58%
Mortgage Type
FHA

Purchase Details

Closed on
May 23, 2015
Sold by
Handley David Til
Bought by
Handley Sally M

Purchase Details

Closed on
Apr 27, 2015
Sold by
Handley Sally M
Bought by
Rob Investments Llc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Tegel -- --
Cabrera Jacqueline -- Provident Title
Cabrera Jacqueline $469,000 Provident Title
Handley Sally M -- Provident Title Company
Rob Investments Llc $205,000 Provident Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Tegel --
Previous Owner Cabrera Jacqueline $460,505
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/31/2016 05/31/16 Sold $469,000 -6.0% $213 / Sq Ft
04/25/2016 04/25/16 Pending -- -- --
12/18/2015 12/18/15 For Sale $499,000 -- $227 / 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 $8,545 $674,485 $453,480 $221,005
2024 $8,411 $661,261 $444,589 $216,672
2023 $8,254 $648,296 $435,872 $212,424
2022 $7,879 $635,585 $427,326 $208,259
2021 $6,476 $512,917 $328,093 $184,824
2019 $6,288 $497,705 $318,362 $179,343
2018 $6,178 $487,947 $312,120 $175,827
2016 $3,984 $309,651 $187,821 $121,830
2015 $901 $57,965 $20,168 $37,797
2014 -- $56,830 $19,773 $37,057
Source: Public Records

Agents Affiliated with this Home

  • Luis Ruiz

    Seller's Agent in 2016

    Luis Ruiz

    LAR Realty, Inc.

    (213) 407-5702

    13 Total Sales

    Luis Ruiz
    Section Image

  • L

    Buyer's Agent in 2016

    Leticia Rivera

See All Agents

Map

Source: The MLS

MLS Number: 15-966259

The MLS

APN: 7423-011-016

California Los Angeles County Wilmington 90744

816 Broad Ave, Wilmington, CA

Not Listed for Sale

MultiFamily

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