Sold for $575,000

Listed by: Estate Properties • Christine Ballesteros • Contact: 310-378-7747

Bought with: Estate Properties

$575,000

1704 N Wilmington Blvd, Wilmington, CA 90744

4beds

4baths

2,568sqft

Quadruplex

Built in 1948

-- sqft lot

$768,700 Zestimate^®

$224/sqft

$2,669 Estimated rent

Home value

$768,700

$700,000 - $838,000

$2,669/mo

Zestimate^® history

Owner options

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$2,669/mo

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$3,683/mo

Est. payment

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$3,683/mo

Est. payment

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What's special

Good sized (642 SF) one bedroom units, and well built 4-plex in 1948. Although the property has LA Rent Control, the potential of this property is tremendous. At $1500 rent per unit, the property would be under 8 X Gross and have a 10.7 Cap Rate. One REAR parking SPACE per unit. Each apt has their own LAUNDRY HOOK UP INSIDE. 3 Apts. on ground level & one apt. upstairs. Offers require 25% down. FIRST TIME ON MARKET IN 40 YEARS.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 4

Appliances

Laundry: Inside

Features

Common walls with other units/homes: 2+ Common Walls

Interior area

Total structure area: 2,568
Total interior livable area: 2,568 sqft

Property

Features

Entry location: front
Pool features: None

Lot

Size: 5,424 Square Feet
Features: Level

Details

Parcel number: 7414008010
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Property subtype: Quadruplex
Attached to another structure: Yes

Condition

New construction: No
Year built: 1948

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

Community

Features: Curbs, Sidewalks

Location

Region: Wilmington

Financial & listing details

Price per square foot: $224/sqft
Tax assessed value: $76,419
Annual tax amount: $1,457
Date on market: 6/20/2023
Cumulative days on market: 17 days
Listing terms: Cash to New Loan
Total actual rent: 2295
Tenant pays: Cable TV, Electricity, Gas

Price history

Date	Event	Price
10/10/2024	Listing removed	$770,000$300/sqft
Source: CLAW #24-416353 Report a problem
8/28/2024	Price change	$770,000-3.5%$300/sqft
Source: CLAW #24-416353 Report a problem
8/21/2024	Price change	$798,000-6.1%$311/sqft
Source: CLAW #24-416353 Report a problem
8/12/2024	Price change	$850,000-2.3%$331/sqft
Source: CLAW #24-416353 Report a problem
8/5/2024	Listed for sale	$870,000+51.3%$339/sqft
Source: CLAW #24-416353 Report a problem
9/29/2023	Sold	$575,000$224/sqft
Source: CRMLS #SB23108988 Report a problem
8/30/2023	Pending sale	$575,000$224/sqft
Source: CRMLS #SB23108988 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$1,457 +3.3%	$76,419 +2%
2024	$1,411 +1.3%	$74,922 +2%
2023	$1,393 +3.6%	$73,454 +2%
2022	$1,345 +2.2%	$72,015 +2%
2021	$1,316 -0.4%	$70,604 +1%
2020	$1,321	$69,881 +2%
2019	$1,321 +12.7%	$68,512 +2%
2018	$1,172	$67,169 +2%
2017	$1,172 +1.9%	$65,852 +2%
2016	$1,151 +5%	$64,562 +1.5%
2015	$1,096 -1.8%	$63,593 +2%
2014	$1,116	$62,348 +2.5%
2012	--	$60,851 +2%
2011	--	$59,659 +0.8%
2010	--	$59,214 -0.2%
2009	--	$59,356 +2%
2008	--	$58,193 +2%
2007	--	$57,052 +2%
2006	--	$55,935
2005	--	$55,935 +4%
2004	--	$53,765 +1.9%
2003	--	$52,781 +2%
2002	--	$51,747 +4%
2000	--	$49,740