NOT LISTED FOR SALE

823 Bay View Ave Wilmington, CA 90744

Estimated Value: $832,000 - $923,000

5 Beds
4 Baths
2,596 Sq Ft
$332/Sq Ft Est. Value

Last Sold February 26, 2019

Last sale price $550,000 $212 Per Sq Ft

Est. 57% increase in value since last sale

Current estimated payment $5,236/month

20 Days on Market

Highlights

  • Laundry Room
  • Wrought Iron Fence
  • 1-Story Property
  • Tile Flooring
  • No Heating

About This Home

As of February 2019

Great opportunity for an investor! 4 unit property, needs some repairs. 3 of 4 units are tenant occupied and 1 will be delivered vacant. 4 parking spaces in the back of the property. 4 separate electric meters and 4 gas meters.
Front unit is 2 bedrooms & 1 bath. Three back units are each 1 bedroom and 1 bath.

Last Agent to Sell the Property

Phillip Nunez

Keller Williams Realty License #01421807 Listed on: 10/04/2018

Keller Williams Realty

Co-Listed By

Susana Pineda

Keller Williams Pacific Estates License #02044212

Last Buyer's Agent

Phillip Nunez

Keller Williams Realty License #01421807 Listed on: 10/04/2018

Keller Williams Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,802

Year Built

  • Built in 1923

Lot Details

  • 6,999 Sq Ft Lot
  • Two or More Common Walls
  • Wrought Iron Fence

Parking

  • 4 Car Garage

Home Design

  • Quadruplex
  • Shingle Roof

Interior Spaces

  • 2,596 Sq Ft Home
  • 1-Story Property
  • Living Room with Fireplace

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Kitchen

Additional Features

  • Urban Location
  • No Heating

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 10
  • Assessor Parcel Number 7416021028

Community Details

Overview

  • 2 Buildings
  • 4 Units

Building Details

  • 3 Leased Units
  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $7,200
  • Fuel Expense $1,800
  • Operating Expense $9,000
  • Gross Income $45,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,802

Year Built

Built in 1923

Lot Details

0

Parking

4

Listing Details

  • Property Attached: Yes
  • Zoning: LARD1.5
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 7416021028
  • Year Built: 1923
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Stories: 1
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Tile
  • Appliances: No
  • Fireplace Features: Living Room
  • Levels: One
  • Price Per Square Foot: 211.86

Exterior Features

  • Fence: Yes
  • Fencing: Wrought Iron
  • Pool Private: No
  • Roof: Shingle

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Heating: No
  • Laundry: Yes
  • Laundry Features: In Kitchen
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 6500-9999
  • Lot Size Sq Ft: 6999.00
  • Lot Size Acres: 0.1607

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 7200.00
  • Fuel Expense: 1800.00
  • Gross Income: 45600.00
  • Gross Scheduled Income: 45600.00
  • Lot Size Area: 6999.0000 Square Feet
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 4
  • Rent Control: Yes
  • Total Actual Rent: 2600.00
  • Total Expenses: 9000.00

Tax Info

  • Tax Census Tract: 2948.10
  • Tax Lot: 10
  • Tax Tract Number: 1lm1n

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 4, 2018
Closed on
Apr 26, 2019
Sold by
Salazar Jose and Salazar Flavia
Bought by
Ibarra Javier and Ibarra Veronica
Seller's Agent
Phillip Nunez
Keller Williams Realty
Buyer's Agent
Phillip Nunez
Keller Williams Realty
List Price
$500,000
Sold Price
$550,000
Premium/Discount to List
$50,000
10%
Current Estimated Value
$861,490

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$311,490
Avg. Annual Appreciation
7.02%

Purchase Details

Listed on
Oct 4, 2018
Closed on
Jan 7, 2019
Sold by
Salazar Jose and Salazar Flavia
Bought by
Ibarra Javier and Ibarra Veronica
Seller's Agent
Phillip Nunez
Keller Williams Realty
Buyer's Agent
Phillip Nunez
Keller Williams Realty
List Price
$500,000
Sold Price
$550,000
Premium/Discount to List
$50,000
10%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$401,250
Interest Rate
4.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 25, 2003
Sold by
Salazar Jose
Bought by
Salazar Jose and Salazar Flavia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$232,800
Interest Rate
5.13%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 16, 2002
Sold by
Salazar Flavia
Bought by
Salazar Jose

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$212,000
Interest Rate
9.63%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 12, 2002
Sold by
Salazar Raquel
Bought by
Salazar Jose

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$212,000
Interest Rate
9.63%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 4, 1998
Sold by
Salazar Flavia
Bought by
Salazar Jose

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$189,346
Interest Rate
6.95%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 9, 1998
Sold by
Gamboa Gustavo
Bought by
Salazar Jose and Salazar Raquel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$189,346
Interest Rate
6.95%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 31, 1997
Sold by
Raguindin Isagani S
Bought by
Gamboa Gustavo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,000
Interest Rate
8.13%
Source: Public Records

Range of Values:

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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
Ibarra Javier -- Fidelity National Title Co
Ibarra Javier $555,000 Fidelity Natl Title Co
Salazar Jose -- Security Union Title
Salazar Jose -- Commerce Title
Salazar Jose -- Commerce Title
Salazar Jose -- Orange Coast Title
Salazar Jose $195,000 Orange Coast Title
Gamboa Gustavo $125,000 Chicago Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ibarra Javier $401,250
Previous Owner Salazar Jose $232,800
Previous Owner Salazar Jose $212,000
Previous Owner Salazar Jose $212,000
Previous Owner Salazar Jose $189,346
Previous Owner Gamboa Gustavo $108,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/26/2019 02/26/19 Sold $550,000 +10.0% $212 / Sq Ft
10/25/2018 10/25/18 For Sale $500,000 -9.1% $193 / Sq Ft
10/24/2018 10/24/18 Pending -- -- --
10/16/2018 10/16/18 Off Market $550,000 -- --
10/16/2018 10/16/18 For Sale $500,000 -9.1% $193 / Sq Ft
10/08/2018 10/08/18 Off Market $550,000 -- --
10/04/2018 10/04/18 For Sale $500,000 -- $193 / 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 $7,802 $619,109 $418,317 $200,792
2024 $7,802 $606,970 $410,115 $196,855
2023 $7,658 $595,070 $402,074 $192,996
2022 $7,313 $583,403 $394,191 $189,212
2021 $7,215 $571,964 $386,462 $185,502
2019 $3,714 $274,563 $150,121 $124,442
2018 $3,616 $269,180 $147,178 $122,002
2016 $3,437 $258,729 $141,464 $117,265
2015 $3,392 $254,844 $139,340 $115,504
2014 $3,429 $249,853 $136,611 $113,242
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW18241619

California Regional Multiple Listing Service (CRMLS)

APN: 7416-021-028