NOT LISTED FOR SALE

924 Watson Ave Wilmington, CA 90744

Estimated Value: $797,000 - $1,026,000

8 Beds
4 Baths
2,392 Sq Ft
$365/Sq Ft Est. Value

Last Sold February 06, 2015

Last sale price $506,845 $212 Per Sq Ft

Est. 72% increase in value since last sale

Current estimated payment $5,219/month

302 Days on Market

Highlights

  • Lawn
  • No HOA
  • Carpet

About This Home

As of February 2015

Cash Flow - Cash Flow!!!!! – NO Rent Control – Amazing Income Property, TWO Units, EACH has 4 Bed + 2 Bath! Built in 2005 with easy maintenance access. Excellent condition. Long term tenants , Solid Income, Huge Lot with Lots of Parking.

Last Agent to Sell the Property

Afshin Eskandari

West Shores Realty, Inc. License #01803613 Listed on: 03/05/2014

West Shores Realty, Inc.

Last Buyer's Agent

Wonnie Kim

Won Suk Kim Real Estate, Inc. License #01873341

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,621

Year Built

  • Built in 2005

Lot Details

  • 6,803 Sq Ft Lot
  • 1 Common Wall
  • Lawn

Home Design

  • 2,392 Sq Ft Home
  • Property Attached

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Parking

  • 8 Parking Spaces
  • 2 Carport Spaces

Location

  • Urban Location

Listing and Financial Details

  • Tax Lot 6
  • Tax Tract Number 2947
  • Assessor Parcel Number 7425035029

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $900
  • Trash Expense $600
  • Water Sewer Expense $1,200
  • New Taxes Expense $6,875
  • Gross Income $3,800
  • Net Operating Income $38,760

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,621

Year Built

Built in 2005

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 1200.00
  • Property Type: Residential Income
  • Parcel Number: 7425035029
  • Year Built: 2005
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Flooring: Laminate, Carpet
  • Levels: One
  • Price Per Square Foot: 211.89

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 2.00
  • Total Parking Spaces: 8.00

Utilities

  • Utilities: Sewer Available
  • Trash Expense: 600.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: Urban

Lot Info

  • Lot Features: Lawn
  • Lot Size Sq Ft: 6803.00
  • Lot Size Acres: 0.1560

Multi Family

  • Gross Income: 3800.00
  • Gross Scheduled Income: 45600.00
  • Insurance Expense: 900.00
  • Lot Size Area: 6803.0000 Square Feet
  • Net Operating Income: 38760.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Operating Expense: 6840.00
  • Rent Control: No
  • Total Actual Rent: 3800.00

Tax Info

  • New Taxes Expense: 6875.00
  • Tax Lot: 6
  • Tax Tract Number: 2947
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 3, 2017
Sold by
Tegel
Bought by
Tegel
Current Estimated Value
$874,009

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

Listed on
Mar 5, 2014
Closed on
Jan 29, 2015
Sold by
Shehata Mena
Bought by
Khe Byung Chul and Lee Seul
Seller's Agent
Afshin Eskandari
West Shores Realty, Inc.
Buyer's Agent
Wonnie Kim
Won Suk Kim Real Estate, Inc.
List Price
$550,000
Sold Price
$506,845
Premium/Discount to List
-$43,155
-7.85%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.21%
Original Mortgage
$360,000
Interest Rate
3.76%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 24, 2013
Closed on
Aug 14, 2013
Sold by
The 924 Watson Wilmington Trust
Bought by
Shehata Mena
Seller's Agent
Steven Lamb
Long Beach Real Estate
Buyer's Agent
Afshin Eskandari
West Shores Realty, Inc.
List Price
$449,900
Sold Price
$450,000
Premium/Discount to List
$100
0.02%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.93%
Original Mortgage
$360,000
Interest Rate
4.36%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 11, 2013
Sold by
Hernandez Margot
Bought by
The 924 Watson Wilmington Trust

Purchase Details

Closed on
Nov 3, 2004
Sold by
Lajoma Corp
Bought by
Hernandez Margot

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$393,600
Interest Rate
6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 16, 2004
Sold by
Belle Vista Investors Llc
Bought by
Lajoma Corp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$393,600
Interest Rate
6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 22, 2004
Sold by
Rodriguez Julian
Bought by
Belle Vista Investors Llc

Purchase Details

Closed on
Jun 26, 2002
Sold by
Belle Vista Investors Llc
Bought by
Cambridge Partners Inc

Purchase Details

Closed on
Jun 27, 2000
Sold by
Fleming Orvin
Bought by
Rodriguez Julian
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
Tegel -- --
Khe Byung Chul $507,000 Lawyers Title Company
Shehata Mena $450,000 Ticor Title Tustin Orange Co
The 924 Watson Wilmington Trust $365,000 None Available
Hernandez Margot $492,000 Fidelity National Title Co
Lajoma Corp $200,000 Old Republic Title
Belle Vista Investors Llc -- --
Cambridge Partners Inc $125,000 Old Republic Title
Belle Vista Investors Llc -- Old Republic Title
Rodriguez Julian $18,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Tegel --
Previous Owner Khe Byung Chul $360,000
Previous Owner Shehata Mena $360,000
Previous Owner Hernandez Margot $393,600
Previous Owner Lajoma Corp $181,000
Closed Belle Vista Investors Llc $0
Closed Hernandez Margot $98,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/06/2015 02/06/15 Sold $506,845 -7.8% $212 / Sq Ft
01/01/2015 01/01/15 Pending -- -- --
03/05/2014 03/05/14 For Sale $550,000 +22.2% $230 / Sq Ft
09/17/2013 09/17/13 Sold $450,000 0.0% $188 / Sq Ft View Prior Sale
08/05/2013 08/05/13 Pending -- -- --
07/24/2013 07/24/13 For Sale $449,900 -- $188 / 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 $7,621 $609,329 $384,589 $224,740
2024 $7,621 $597,383 $377,049 $220,334
2023 $7,479 $585,670 $369,656 $216,014
2022 $7,139 $574,187 $362,408 $211,779
2021 $7,045 $562,929 $355,302 $207,627
2019 $6,839 $546,234 $344,764 $201,470
2018 $6,697 $535,524 $338,004 $197,520
2017 $6,552 $525,025 $331,377 $193,648
2016 $6,387 $514,731 $324,880 $189,851
2015 $5,724 $458,990 $280,494 $178,496
2014 $5,753 $450,000 $275,000 $175,000
Source: Public Records

Agents Affiliated with this Home

  • Afshin Eskandari

    Seller's Agent in 2015

    Afshin Eskandari

    West Shores Realty, Inc.

    (310) 433-4806

    2 in this area

    28 Total Sales

    Afshin Eskandari
    Section Image
  • Wonnie Kim

    Buyer's Agent in 2015

    Wonnie Kim

    Won Suk Kim Real Estate, Inc.

    (213) 257-1999

    130 Total Sales

    Wonnie Kim
    Section Image

  • S

    Seller's Agent in 2013

    Steven Lamb

    Long Beach Real Estate

See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB14046575

California Regional Multiple Listing Service (CRMLS)

APN: 7425-035-029

California Los Angeles County Wilmington 90744

924 Watson Ave, Wilmington, CA

This home is located at 924 Watson Ave, Wilmington, CA 90744 since 05 March 2014 and is currently estimated at $874,009, approximately $365 per square foot. This property was built in 2005. 924 Watson Ave is a home located in Los Angeles County with nearby schools including Wilmington Park Elementary, Wilmington Middle School STEAM Magnet, and Phineas Banning Senior High School.

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.

California Regional Multiple Listing Service (CRMLS) 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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