1411 North Lagoon Avenue

Wilmington, CA 90744

$780,000
Last Sold Price
3
Beds
2
Baths
1,536 Sq. Ft.
$508 / Sq. Ft.
1,536
Sq. Ft.
$508
per Sq. Ft.

Description

We are pleased to present two houses on a lot located in Wilmington, CA. The house to the south side will be delivered vacant and consists of a 2-story building featuring all new electrical, new flooring, new windows, new doors, and new electric HVAC. The top floor consists of a large, modern open-concept, one-bedroom & one-bath floor plan. The bottom floor of this house is a very large 2-car garage currently used as a “man-cave” featuring premium finishes and a bathroom (this garage conversion is...We are pleased to present two houses on a lot located in Wilmington, CA. The house to the south side will be delivered vacant and consists of a 2-story building featuring all new electrical, new flooring, new windows, new doors, and new electric HVAC. The top floor consists of a large, modern open-concept, one-bedroom & one-bath floor plan. The bottom floor of this house is a very large 2-car garage currently used as a “man-cave” featuring premium finishes and a bathroom (this garage conversion is non-conforming). This house presents a fenced front patio, a private back patio, off-street parking at the front of the property and two washer and dryer hookups - one on the top floor and one in the lower patio area. In addition, the house to the north side is an oversized two-bedroom & one-bath home with a bonus room. This house is currently rented at $2,100 per month (month to month) and features a small front yard and a very large private back patio. These houses offer great privacy from each other and all utilities —including the water meter— are completely separated. The subject property offers easy access to Pacific Coast Highway and just a short 3-minute walk to the Wilmington Plaza Shopping Center that includes Gonzalez Northgate Market, CVS Pharmacy, Goodwill Store & Donation Center, Chase Bank and more. Conveniently located in close proximity to Fries Avenue Elementary School, Wilmington Middle School and Phineas Banning High School.
  1. Listed by Alex Colombo • DRE #01927702 • Brokerage DRE #01972083 • Lyon Stahl Investment Real Est

Property Details for 1411 North Lagoon Avenue

Parking Spaces Total
4
Private Pool
No
Total Units
2.0
Building Type
Detached
Lot Size Source
Assessor
Living Area
1536
Assessor Parcel Number
7421-026-026
Property Attached YN
false

Location

Listing Courtesy of Lyon Stahl Investment Real Est, Alex Colombo, DRE #01927702

Sold By Keller Williams Coastal Prop., Jefre Tolbert, DRE #01898789

Add your commute
LISTING UPDATED: 08/01/2023 03:16 AM

Property Details for 1411 North Lagoon Avenue

StatusClosed
MLS #PW23086773
Days on Market48
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1926
Lot Size0.13 AC / 5,549 SF
CountyLos Angeles County

Location

Listing Courtesy of Lyon Stahl Investment Real Est, Alex Colombo, DRE #01927702

Sold By Keller Williams Coastal Prop., Jefre Tolbert, DRE #01898789

Add your commute

Building Information for 1411 North Lagoon Avenue

Stories2Residences-Year Built1926Building Size-Lot Size0.13 AC / 5,549 SF

Payment Calculator

$4,812 per month

30 year fixed, 7.25% Interest

Principal and Interest

$4,257

Property Taxes

$555

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1411 North Lagoon Avenue

Income / Expense / Tax Details
Income Details
  • Gross Income: $48,540
  • Gross Scheduled Income: $48,540
  • Net Operating Income: $29,172
  • Gross Multiplier: 16.17
  • Cap Rate: 3.72
  • Financing: Conventional
Expense Details
  • Operating Expense: $17,912
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $1,550
  • Trash Expense: $0
  • Water Sewer Expense: $0
  • Total Expenses: $17,912
Tax / Assessment Info
  • Tax Block: K
  • Tax Tract Number: 2465
  • Tax Census Tract: 2942.00
  • CFD/Mello-Roos Fee: $364
  • Tax Lot: 26
Community / Development
Community / Development
  • Community Features: Urban
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Washer Hookup, Washer Included
Exterior Features
  • Entry Location: Front
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: 0-1 Unit/Acre
  • Number Of Units: 2
  • Land Lease: Yes
  • Land Lease Amount: $0
  • Land Lease Type: Lease
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Electric: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking: Yes
  • Parking Garage: Driveway
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
  • Parking Features: Driveway
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,100
  • Unit Type Total Rent: $2,100
  • Unit Type Pro Forma: 3250
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 4
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 1945
  • Unit Type Type: 2
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1

Property History for 1411 North Lagoon Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1411 North Lagoon Avenue

Taxable ValueLand$328,093Additions$196,855Total$524,948
Tax Record2023$6,666 ($555 / month)
Home Facts
Total Finished SqFt1,536 SqFtAbove Grade Finished SqFt1,536 SqFtLot Size5,549 SqFtStyleDuplexYear Built1926ZoningLAR1CountyLOS ANGELESAPN7421-026-026

Schools near 1411 North Lagoon Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 7 to 12
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Fries Avenue Elementary School
PublicK to 5

Phineas Banning Senior High School
Public9 to 12

Avalon High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Lyon Stahl Investment Real Est, Alex Colombo, DRE #01927702

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.