$1,195,000
SOLD AUG 27, 2015

906 N Fries Ave Wilmington, CA 90744

8 Beds
10 Baths
6,312 Sq Ft
0.33 Acres

Recently Sold

$189 Per Sq Ft

295 Days on Market

Highlights

  • 0.33 Acre Lot
  • No HOA
  • Laundry Room
  • Spanish Architecture

About This Home

As of August 2024

Beautiful Spanish style building with many upgrades located close to the Harbor. ( Comp at 930 N. Marine - SB14129852 - sold at $1,260,000.) According to the seller, the entire parking lot was just re-paved and new outside lighting was installed. The building has full copper plumbing and new circuit breakers, separate electric meters, nice tile roof. Main water heater was recently changed. Property has been well-managed, new landscaping with new fence wall and new sprinkler system installed within the last 3 months. Many upgrades done to some units such as new floors. Lots of parking space on the property itself and on the street.This property includes two different APNs: the building itself on one lot APN 7416-032-028 ( 7,247 sq ft per assessor ) and a second lot APN 7416-032-027 ( 7,244 sq ft ) currently used as a parking lot. City says 3 units minimum could be added to this lot currently vacant. Buyer and buyer's agent to satisfy themselves and do their due diligence to verify this information.

Last Agent to Sell the Property

Nadege Labat

West Shores Realty, Inc. License #01298033 Listed on: 10/24/2014

West Shores Realty, Inc.

Last Buyer's Agent

Vlad Rodov

West Shores Realty, Inc. License #01717119

West Shores Realty, Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1928

Lot Details

  • 0.33 Acre Lot
  • No Common Walls
  • Density is 6-10 Units/Acre

Home Design

  • 6,312 Sq Ft Home
  • Spanish Architecture
  • Copper Plumbing

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 10 Bathrooms

Parking

  • 20 Parking Spaces
  • 4 Carport Spaces

Utilities

  • Electric Water Heater
  • Septic Type Unknown

Additional Features

  • Laundry Room
  • Urban Location

Listing and Financial Details

  • Tax Lot 9
  • Assessor Parcel Number 7416032028

Community Details

Overview

  • No Home Owners Association
  • 10 Units

Building Details

  • Rent Control
  • 10 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $300
  • Insurance Expense $200
  • Maintenance Expense $150
  • Trash Expense $130
  • Water Sewer Expense $300
  • New Taxes Expense $1,250
  • Gross Income $8,650
  • Net Operating Income $73,620

Property Details

Home Type

Multi-Family

Year Built

Built in 1928

Lot Details

0

Listing Details

  • Assessments: Yes
  • CapRate: 5.88
  • Property Attached: No
  • Water Sewer Expenses: 300.00
  • Architectural Style: Spanish
  • Property Type: Residential Income
  • Parcel Number: 7416032028
  • Year Built: 1928
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Copper Plumbing Full
  • Common Walls: No Common Walls
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 189.32

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 4.00
  • Total Parking Spaces: 20.00

Utilities

  • Utilities: Electricity Available
  • Laundry: Yes
  • Appliances: Electric Water Heater
  • Laundry Features: Individual Room
  • Sewer: Unknown
  • Trash Expense: 130.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 14491.00
  • Price Per Lot Square Foot: 82.46
  • Lot Size Acres: 0.3330

Multi Family

  • Electric Expense: 300.00
  • Gross Income: 8650.00
  • Gross Scheduled Income: 103740.00
  • Insurance Expense: 200.00
  • Lot Size Area: 14491.0000 Square Feet
  • Maintenance Expense: 150.00
  • Net Operating Income: 73620.00
  • Number Of Separate Electric Meters: 10
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 10
  • Operating Expense: 30120.00
  • Rent Control: Yes
  • Total Actual Rent: 8500.00

Tax Info

  • New Taxes Expense: 1250.00
  • Tax Lot: 9

Range of Values:

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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 Change Sq Ft Price
08/07/2024 08/07/24 Sold $1,490,000 -6.6% $236 / Sq Ft
06/10/2024 06/10/24 Pending -- -- --
04/24/2024 04/24/24 Price Changed $1,595,000 -5.6% $253 / Sq Ft
04/03/2024 04/03/24 Price Changed $1,690,000 -5.6% $268 / Sq Ft
01/16/2024 01/16/24 For Sale $1,790,000 0.0% $284 / Sq Ft
11/30/2015 11/30/15 Rented $975 0.0% --
10/26/2015 10/26/15 For Rent $975 0.0% --
08/27/2015 08/27/15 Sold $1,195,000 -0.4% $189 / Sq Ft
08/15/2015 08/15/15 Pending -- -- --
10/24/2014 10/24/14 For Sale $1,200,000 -- $190 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB14228585

California Regional Multiple Listing Service (CRMLS)