Seller's Agent in 2022
Cameron Samimi
Lyon Stahl Investment Real Estate, Inc.
(310) 259-7556
200 Total Sales
916 Watson Ave Wilmington, CA 90744
4
Beds
10
Baths
4,620
Sq Ft
6,802
Sq Ft Lot
Highlights
- Golf Course Community
- Bike Trail
- 1-Story Property
- Park
About This Home
As of April 202214 Units located near the port of Los Angeles, 916
Watson Ave is partially remodeled with plenty of
upside for an investor looking to increase the value.
This cash flowing apartment building is located in the
90744 zip code near the new Harbor redevelopment
project and is offered at only $154k per unit. The
property is currently operating at an above market
cap rate of 4.87% and 12.81 GRM. 916 Watson Ave is the
ideal opportunity for any investor looking for strong
cash flow with room to grow the monthly income by
over 20%.
An ideal unit mix for the 2022 renter as it consists of
(4) 1-Bed/1-Bath and (10) Studio/1-Bath units. Some
units have been remodeled, including new floors,
cabinets and windows. The property sits on a 6,802
SqFt lot and has 4,620 SqFt of rentable space.
With the Harbor development project, the draw from
the port of Los Angeles, and being located in one of
the most densely populated markets in the county, 916
Watson is ideally positioned for long term upside and
is a great purchase for current cash-flow.
Last Agent to Sell the Property
Lyon Stahl Investment Real Estate, Inc. License #02035763 Listed on: 01/25/2022
Last Buyer's Agent
Lyon Stahl Investment Real Estate, Inc. License #02035763 Listed on: 01/25/2022
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1924
Lot Details
- 6,802 Sq Ft Lot
- Two or More Common Walls
- Density is up to 1 Unit/Acre
Home Design
- Property Attached
Interior Spaces
- 4,620 Sq Ft Home
- 1-Story Property
Bedrooms and Bathrooms
- 4 Bedrooms
- 10 Bathrooms
Location
- Urban Location
Listing and Financial Details
- Tax Lot 8
- Tax Tract Number 2947
- Assessor Parcel Number 7425035031
- $1,083 per year additional tax assessments
Community Details
Overview
- 2 Buildings
- 14 Units
Recreation
- Golf Course Community
- Park
- Bike Trail
Building Details
- Rent Control
- 14 Separate Electric Meters
- 14 Separate Gas Meters
- 1 Separate Water Meter
- Operating Expense $58,477
- Gross Income $169,260
- Net Operating Income $105,705
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Home Values in the Area
Average Home Value in this Area
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/27/2022 04/27/22 | Sold | $2,100,000 | -3.2% | $455 / Sq Ft |
| 03/23/2022 03/23/22 | Pending | -- | -- | -- |
| 01/25/2022 01/25/22 | Price Changed | $2,169,000 | 0.0% | $469 / Sq Ft |
| 01/25/2022 01/25/22 | For Sale | $2,169,000 | -- | $469 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $27,693 | $2,228,536 | $1,485,691 | $742,845 |
| 2024 | $27,349 | $2,184,840 | $1,456,560 | $728,280 |
| 2023 | $26,829 | $2,142,000 | $1,428,000 | $714,000 |
| 2022 | $16,242 | $1,296,740 | $900,359 | $396,381 |
| 2021 | $16,035 | $1,271,314 | $882,705 | $388,609 |
| 2019 | $15,575 | $1,234,088 | $856,524 | $377,564 |
| 2018 | $15,467 | $1,209,901 | $839,730 | $370,171 |
| 2016 | $14,738 | $1,162,460 | $807,123 | $355,337 |
| 2015 | $10,610 | $815,983 | $484,490 | $331,493 |
| 2014 | -- | $800,000 | $475,000 | $325,000 |
Source: Public Records
Agents Affiliated with this Home
-
Cameron Samimi
-
Olga Wright
Seller Co-Listing Agent in 2022
Olga Wright
Lyon Stahl Investment Real Estate, Inc.
(310) 425-9838
102 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB22005862
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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