NOT LISTED FOR SALE

826 Bay View Ave Wilmington, CA 90744

1 Bed
1 Bath
4,960 Sq Ft
7,515 Sq Ft Lot Lot

Sale Details

Date Sold: April 6, 2018

Last sale price $1,500,000 $302 Per Sq Ft

16 Days on Market

About This Home

As of April 2018

The property (which is not subject to rent control) at 826 Bay View Avenue is situated in the heart of Wilmington, with plenty of access to nearby grocery stores and schools. Featuring a walk score of 78 and a bike score of 82, this property is in a very convenient location for any tenant to be able to easily take care of errands, or even commute. The 4,960 sf building is comprised of 9 one bed/one bath units, all of which have their own assigned parking space and are individually metered for both gas and electricity. 826 Bay View Avenue is property that is sure to satisfy both tenants and investors looking to compliment their portfolio.

Last Agent to Sell the Property

Joshua Cohen

Keller Williams Realty License #01346713 Listed on: 01/08/2018

Keller Williams Realty

Last Buyer's Agent

Larry Cannizzaro

Lawrence Frank Cannizzaro License #00609154

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1986

Lot Details

  • 7,515 Sq Ft Lot
  • Two or More Common Walls
  • Level Lot

Home Design

  • 4,960 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Bathroom

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 9
  • Tax Tract Number 2948
  • Assessor Parcel Number 7416025009

Community Details

Overview

  • 9 Units

Building Details

  • 10 Separate Electric Meters
  • 9 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $4,314
  • Fuel Expense $4,314
  • Insurance Expense $2,606
  • Professional Management Expense $4,800
  • Trash Expense $4,314
  • Water Sewer Expense $4,314
  • New Taxes Expense $17,878
  • Operating Expense $42,542
  • Gross Income $115,830
  • Net Operating Income $73,288

Property Details

Home Type

Multi-Family

Year Built

Built in 1986

Lot Details

7,515 Sq Ft Lot

Listing Details

  • Professional Management Expense: 4800.00
  • Property Attached: Yes
  • Water Sewer Expenses: 4314.00
  • Zoning: LARD1.5
  • Property Type: Residential Income
  • Parcel Number: 7416025009
  • Year Built: 1986
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 302.42

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Trash Expense: 4314.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Storm Drains, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level with Street
  • Lot Size Sq Ft: 7515.00

Multi Family

  • Electric Expense: 4314.00
  • Fuel Expense: 4314.00
  • Gross Income: 115830.00
  • Gross Scheduled Income: 118800.00
  • Insurance Expense: 2606.00
  • Net Operating Income: 73288.00
  • Number Of Separate Electric Meters: 10
  • Number Of Separate Gas Meters: 9
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 9
  • Operating Expense: 42542.00
  • Rent Control: No
  • Total Expenses: 42542.00

Tax Info

  • New Taxes Expense: 17878.00
  • Tax Census Tract: 2948.10
  • Tax Lot: 9
  • Tax Tract Number: 2948.1
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/06/2018 04/06/18 Sold $1,500,000 0.0% $302 / Sq Ft
01/24/2018 01/24/18 Pending -- -- --
01/08/2018 01/08/18 For Sale $1,500,000 -- $302 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $21,248 $1,706,740 $1,137,827 $568,913
2024 $21,248 $1,673,275 $1,115,517 $557,758
2023 $20,849 $1,640,467 $1,093,645 $546,822
2022 $19,908 $1,608,301 $1,072,201 $536,100
2021 $19,656 $1,576,767 $1,051,178 $525,589
2019 $19,087 $1,532,250 $1,020,000 $512,250
2018 $13,244 $1,027,250 $750,000 $277,250
2016 $5,439 $383,997 $99,427 $284,570
2015 $5,381 $378,230 $97,934 $280,296
2014 $5,458 $370,822 $96,016 $274,806
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB18005528

California Regional Multiple Listing Service (CRMLS)
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