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SOLD 9/22/2022

1011 Island Avenue, Wilmington, CA 90744$810,000

4
beds
6
baths
3236
ft2
· 7113
ft2 lot
$278 / ft2

Listing provided courtesy of Listing Broker: Christian Shears, Abundance Real Estate
Source CRMLS;
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NICE INVESTMENT TO ADD TO YOUR PORTFOLIO!! Twin Duplexes have 1 bed and 1 bath with two studios in the back. The two studios sit on top of 5 garage spaces. With parking in the front as well as the back. Easy access with a driveway in between the twin duplexes. Close to parks, shops, transportation, and Banning Museum. Drive by only, please do not disturbs tenants.

HOA

$0/month

On market

3 days

Year built

1929

Property type

Multi-Family

Parking

5

MLS

SW22179399

Price / Sq.Ft.

$278 / ft2

Status

Closed

Buyer’s Brokerage Commission

2.5%

Home details for 1011 Island Avenue

Interior Features & Layout
Rooms Info
•   
Average3 Bed Area Units: Square Feet
•   
Average Studio Area Units: Square Feet
•   
Average2 Bed Area Units: Square Feet
•   
Average1 Bed Area Units: Square Feet
Heating & Cooling
•   
Has Heating
•   
Heating Details: Wall Furnace
Interior Size
•   
Building Area Total: 3236.00
Property, Lot, Community & Exterior Features
Parking Info
•   
Garage Spaces: 5.00
Building Info
•   
Building Area Units: Square Feet
•   
Zoning: LARD2
•   
Year Built Source: Assessor
Lot Info
•   
Lot Features: 6-10 Units/Acre
•   
Lot Size Source: Assessor
•   
Elevation Units: Feet
•   
Lot Size Acres: 0.1633
•   
Lot Size Area: 7113.0000
•   
Lot Size Units: Square Feet
Community Info
•   
Number Of Buildings: 3
•   
Total Units: 6
Property Features
•   
Common Walls: 1 Common Wall, No One Above, No One Below
Utilities & Other Information
Utilities
•   
Number Of Separate Electric Meters: 6
•   
Number Of Separate Gas Meters: 6
•   
Number Of Separate Water Meters: 6
Water & Sewer Info
•   
Water Source: Public
•   
Sewer: Public Sewer
Listing Details, Costs & Financing Information
Financial Info
•   
Garage Rental Rate: 100.00
•   
Water Sewer Expense: 0.00
•   
Total Actual Rent: 50280.00
•   
Fuel Expense: 0.00
•   
Trash Expense: 4464.00
•   
Insurance Expense: 1200.00
•   
Professional Management Expense: 0.00
•   
Total Expenses: 5664.00
•   
Gross Scheduled Income: 50280.00
•   
Operating Expense: 5664.00
•   
Rent Control Yn: 1
Tax/Assessment Info
•   
Gross Income: 2400.00
Lease Info
•   
Net Operating Income: 44616.00
Listing Info
•   
Status: Closed
Other
•   
Electric Expense: 0.00
Multi Unit Information
Unit 2 Information
•   
Unit 2 Actual Rent: 750.00
•   
Unit 2 Bedrooms: 1
•   
Unit 2 Total Units: 1
•   
Unit 2 Furnished Units: Unfurnished
•   
Unit 2 Bathrooms: 1
•   
Unit 2 Garage Spaces: 0.00
•   
Unit 2 Total Rent: 750.00
Unit 3 Information
•   
Unit 3 Actual Rent: 566.00
•   
Unit 3 Total Units: 1
•   
Unit 3 Furnished Units: Unfurnished
•   
Unit 3 Garage Spaces: 0.00
•   
Unit 3 Bathrooms: 1
•   
Unit 3 Total Rent: 566.00
Unit 1 Information
•   
Unit 1 Bedrooms: 1
•   
Unit 1 Total Units: 1
•   
Unit 1 Furnished Units: Unfurnished
•   
Unit 1 Garage Spaces: 0.00
•   
Unit 1 Bathrooms: 1
•   
Unit 1 Actual Rent: 772.00
•   
Unit 1 Total Rent: 772.00
Unit 4 Information
•   
Unit 4 Actual Rent: 800.00
•   
Unit 4 Total Units: 1
•   
Unit 4 Furnished Units: Unfurnished
•   
Unit 4 Total Rent: 800.00
•   
Unit 4 Bathrooms: 1
•   
Unit 4 Garage Spaces: 0.00
•   
Unit 4 Bedrooms: 1
Unit 5 Information
•   
Unit 5 Actual Rent: 772.00
•   
Unit 5 Total Units: 1
•   
Unit 5 Furnished Units: Unfurnished
•   
Unit 5 Total Rent: 772.00
•   
Unit 5 Garage Spaces: 0.00
•   
Unit 5 Bathrooms: 1
•   
Unit 5 Bedrooms: 1
Multi Unit Information
•   
# Of Units: 6
•   
Number Of Units Leased: 6
•   
Price Per Unit: 150000
Unit 6 Information
•   
Unit 6 Actual Rent: 530.00
•   
Unit 6 Total Units: 1
•   
Unit 6 Total Rent: 530.00
•   
Unit 6 Furnished Units: Unfurnished
•   
Unit 6 Garage Spaces: 0.00
•   
Unit 6 Bathrooms: 1
School Neighborhood & Directions
Location
•   
Community Features: Park
School Info
•   
Directions: right on W Opp st.
Other
Calculation
•   
Dom: 4
•   
Cdom: 4

Neighborhood snapshot

20
Properties for sale
9
Median days on market
$438.65
Median sold price/sqft
101.88%
Sold/List %
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Property History for 1011 Island Avenue

09/22/2022
09/22/2022
CRMLS #SW22179399
sold
CRMLS #SW22179399
$810,000
--10.00%
08/19/2022
08/19/2022
CRMLS #SW22179399
pending
CRMLS #SW22179399
$900,000
08/15/2022
08/15/2022
CRMLS #SW22179399
active
CRMLS #SW22179399
$900,000

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