Sold for $865,000

Listed by: Fred DiBernardo • Fred DiBernardo • Contact: 310-832-4573

Bought with: Lyon Stahl Investment Real Estate, Inc.

$865,000

720 King Ave APT C, Wilmington, CA 90744

5beds

5baths

2,288sqft

Multi Family

Built in 1924

-- sqft lot

$974,900 Zestimate^®

$378/sqft

$1,845 Estimated rent

Home value

$974,900

$887,000 - $1.06M

$1,845/mo

Zestimate^® history

Owner options

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$1,845/mo

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$1,845/mo

Rent Zestimate^®

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$5,530/mo

Est. payment

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$5,530/mo

Est. payment

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What's special

Great Investment Opportunity. Charming 5 one bedroom 1 bath California Bungalow Cottages on Two RD1.5 zoned Lots to a Rear Alley. All units are well taken care of and three have long term tenants. Tremendous upside rent potential. Also a perfect site for future development of a New Residential Income or Condominium building site. A short drive to the ever expanding Port of Los Angeles.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 5
Bathrooms: 5

Heating

Wall Furnace

Appliances

Laundry: Laundry Room

Features

Common walls with other units/homes: No Common Walls

Interior area

Total structure area: 2,288
Total interior livable area: 2,288 sqft

Property

Features

Entry location: Front
Pool features: None

Lot

Size: 0.26 Acres
Features: 16-20 Units/Acre

Details

Parcel number: 7416012008
Zoning: LARD1.5
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Architectural style: Craftsman
Property subtype: Multi Family

Condition

New construction: No
Year built: 1924

Utilities & green energy

Sewer: Public Sewer
Water: Public
Utilities for property: Electricity Connected, Natural Gas Connected, Sewer Connected

Community & HOA

Community

Features: Curbs, Fishing, Golf, Park, Street Lights, Suburban, Sidewalks, Water Sports

Location

Region: Wilmington

Financial & listing details

Price per square foot: $378/sqft
Tax assessed value: $484,500
Annual tax amount: $6,103
Date on market: 7/12/2023
Cumulative days on market: 9 days
Listing terms: Cash to New Loan
Total actual rent: 4832
Tenant pays: Electricity, Gas

Price history

Date	Event	Price
8/18/2023	Sold	$865,000+1.8%$378/sqft
Source: CRMLS #SB23125630 Report a problem
7/22/2023	Contingent	$850,000$372/sqft
Source: CRMLS #SB23125630 Report a problem
7/12/2023	Listed for sale	$850,000$372/sqft
Source: CRMLS #SB23125630 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$6,103 +1.2%	$484,500 +2%
2024	$6,033 +50.7%	$475,000 +55.2%
2023	$4,004 +4.7%	$305,965 +2%
2022	$3,825 +1.3%	$299,967 +2%
2021	$3,774 -0.9%	$294,086 +1%
2020	$3,808	$291,071 +2%
2019	$3,808 +5.6%	$285,365 +2%
2018	$3,608	$279,771 +2%
2017	$3,608 +2.2%	$274,287 +2%
2016	$3,530 +2.6%	$268,910 +1.5%
2015	$3,442 +0.5%	$264,872 +2%
2014	$3,424	$259,684 +5%
2009	--	$247,205 +2%
2008	--	$242,358 +97.4%
2006	--	$122,784
2005	--	$122,784 +4%
2004	--	$118,018 +1.9%
2003	--	$115,856 +2%
2002	--	$113,585