NOT LISTED FOR SALE

818 Lakme Ave Wilmington, CA 90744

Estimated Value: $723,000 - $768,789

4 Beds
2 Baths
1,321 Sq Ft
$564/Sq Ft Est. Value

Last Sold January 30, 2024

Last sale price $700,000 $530 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $4,637/month

23 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • 1-Story Property
  • Neighborhood Views
  • Back Yard
  • 3-minute walk to Wilmington Town Square Park

About This Home

As of January 2024

Happy Thanksgiving Special! This 4 bedroom/2 bath home features an open floor concept. As you walk in you will see living room, kitchen and 3 bedrooms. As you walk past the kitchen you will find a family room adjacent to the 4th bedroom and 2nd bathroom that opens up to the ENORMOUS back yard with a spacious garage plus bonus room and a separate structure. Home has plenty of yard space for family events, RV parking, large ADU, separate garage and much much more. Fruit trees included. Centrally located near shops, schools, shopping and freeways.

Last Agent to Sell the Property

Rocio Ortegon

Keller Williams Palos Verdes License #01492051 Listed on: 11/22/2023

Keller Williams Palos Verdes

Co-Listed By

James Zappulla

Keller Williams Realty License #00693638

Last Buyer's Agent

Rocio Ortegon

Keller Williams Palos Verdes License #01492051 Listed on: 11/22/2023

Keller Williams Palos Verdes

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,901

Year Built

  • Built in 1865

Lot Details

  • 7,898 Sq Ft Lot
  • Back Yard
  • Density is up to 1 Unit/Acre
  • Property is zoned LAR3

Parking

  • 2 Car Garage

Interior Spaces

  • 1,321 Sq Ft Home
  • 1-Story Property
  • Neighborhood Views
  • Laundry Room

Bedrooms and Bathrooms

  • 4 Main Level Bedrooms
  • 2 Full Bathrooms

Additional Features

  • Exterior Lighting
  • Sewer Assessments

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Legal Lot and Block 4 / 3
  • Tax Tract Number 294
  • Assessor Parcel Number 7423016004
  • $335 per year additional tax assessments

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,901

Year Built

Built in 1865

Lot Details

0

Parking

2

Listing Details

  • Structure Type: House
  • Assessments: No
  • Property Attached: No
  • View: Yes
  • Zoning: LAR3
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 7423016004
  • Year Built: 1865
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 1321.00 Square Feet
  • Stories: 1
  • Entry Location: Front Door
  • Common Walls: No Common Walls
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Total Bedrooms: 4
  • Entry Level: 1
  • Levels: One
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 4
  • Price Per Square Foot: 529.90
  • Room Type: All Bedrooms Down

Exterior Features

  • View: Neighborhood
  • Pool Private: No

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: Inside
  • Sewer: Sewer Assessments
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Street Lights

Schools

  • School District: Los Angeles Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Back Yard
  • Lot Size Sq Ft: 7898.00
  • Lot Size Acres: 0.1813

Multi Family

  • Lease Considered: No
  • Lot Size Area: 7898.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Block: 3
  • Tax Census Tract: 2947.01
  • Tax Lot: 4
  • Tax Tract Number: 294...
  • TaxOtherAnnualAssessmentAmount: 335.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 22, 2023
Closed on
Jan 11, 2024
Sold by
Luis Deysi Magaly Martinez
Bought by
Alvarez Luis Vaca
Seller's Agent
Rocio Ortegon
Keller Williams Palos Verdes
Buyer's Agent
Rocio Ortegon
Keller Williams Palos Verdes
List Price
$699,000
Sold Price
$700,000
Premium/Discount to List
$1,000
0.14%
Views
96
Current Estimated Value
$745,447

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$45,447
Avg. Annual Appreciation
4.06%
Original Mortgage
$664,427
Outstanding Balance
$654,024
Interest Rate
6.95%
Mortgage Type
New Conventional
Estimated Equity
$91,423

Purchase Details

Listed on
Nov 22, 2023
Closed on
Jan 10, 2024
Sold by
Alvarez Luis Vaca
Bought by
Torres Eloi
Seller's Agent
Rocio Ortegon
Keller Williams Palos Verdes
Buyer's Agent
Rocio Ortegon
Keller Williams Palos Verdes
List Price
$699,000
Sold Price
$700,000
Premium/Discount to List
$1,000
0.14%
Views
96

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$664,427
Outstanding Balance
$654,024
Interest Rate
6.95%
Mortgage Type
New Conventional
Estimated Equity
$91,423

Purchase Details

Closed on
May 8, 2019
Sold by
Alvarez Family Trust
Bought by
Alvarez Luis Vaca

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
Aug 11, 2009
Sold by
Alvarez Rafael R and Alvarez Maria Dejesus
Bought by
Alvarez Rafael R

Purchase Details

Closed on
Nov 15, 2002
Sold by
Alvarez Luis
Bought by
Alvarez Rafael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,000
Interest Rate
5.74%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Mar 29, 1994
Sold by
Home Svgs Of America Fsb
Bought by
Alvarez Rafael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,400
Interest Rate
3.87%

Purchase Details

Closed on
Jan 27, 1994
Sold by
Serrano Reconveyance Company
Bought by
Home Svgs Of America Fsb
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
Alvarez Luis Vaca -- Fidelity National Title
Torres Eloi $700,000 Fidelity National Title
Alvarez Luis Vaca -- Provident Title Company
Tegel -- --
Alvarez Rafael R -- None Available
Alvarez Rafael -- Fidelity National Title Co
Alvarez Rafael $75,500 Investors Title Company
Home Svgs Of America Fsb $91,521 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Torres Eloi $664,427
Previous Owner Alvarez Luis $40,340
Previous Owner Alvarez Luis $65,243
Previous Owner Alvarez Luis Vaca $348,000
Previous Owner Tegel --
Previous Owner Alvarez Rafael $502,500
Previous Owner Alvarez Rafael $93,000
Previous Owner Alvarez Rafael $130,000
Previous Owner Alvarez Rafael $60,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/30/2024 01/30/24 Sold $700,000 +0.1% $530 / Sq Ft
12/15/2023 12/15/23 Pending -- -- --
11/22/2023 11/22/23 For Sale $699,000 -- $529 / 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 $6,901 $714,000 $610,674 $103,326
2024 $6,901 $546,819 $382,774 $164,045
2023 $6,771 $536,098 $375,269 $160,829
2022 $6,461 $525,587 $367,911 $157,676
2021 $6,381 $515,283 $360,698 $154,585
2019 $2,196 $316,428 $185,314 $131,114
2018 $3,865 $310,225 $181,681 $128,544
2016 $3,685 $298,180 $174,627 $123,553
2015 $3,632 $293,702 $172,004 $121,698
2014 $3,651 $287,950 $168,635 $119,315
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB23215539

California Regional Multiple Listing Service (CRMLS)

APN: 7423-016-004