722 Gulf Avenue

Wilmington, CA 90744

$675,000
Last Sold Price
6
Beds
3
Baths
2,208 Sq. Ft.
$306 / Sq. Ft.
2,208
Sq. Ft.
$306
per Sq. Ft.

Description

If you’ve been looking for your opportunity to start your investment portfolio, here it is! This well-maintained property has been in the same family for over 20 years, and now it’s time to turn it over to you! TWO separate homes – front unit is an adorable Spanish style 2 bedroom/1 bath home, with a cute front porch, large front picture window, faux fireplace, charming arches and other cute details! Approximately 928 square feet! It also has a gated enclosed font yard and long driveway. It also...If you’ve been looking for your opportunity to start your investment portfolio, here it is! This well-maintained property has been in the same family for over 20 years, and now it’s time to turn it over to you! TWO separate homes – front unit is an adorable Spanish style 2 bedroom/1 bath home, with a cute front porch, large front picture window, faux fireplace, charming arches and other cute details! Approximately 928 square feet! It also has a gated enclosed font yard and long driveway. It also has a good-sized back yard as well!. It also has a good-sized back yard as well! The rear unit is a 4 bedroom and 1-3/4 bath with approximately 1280 square feet. It has a god sized front porch/courtyard area and a rear yard with alley access and parking. Both units have updated kitchens and baths as well as newer flooring. They each have their own laundry hookups as well. Tenants pay all of their own utilities, even the water! Photos show the units prior to being rented to the current tenants. This property is located very close to stores, major streets, public transportation, freeway access, and a short jaunt to the beautiful Wilmington waterfront park!
  1. Listed by Karen Anderson • DRE #01224307 • Brokerage DRE #01501084 • Keller Williams Realty

Property Details for 722 Gulf Avenue

View
None
Parking Spaces Total
0
Private Pool
No
Cooling Type
N/K
Total Units
2.0
Building Type
Detached
Lot Size Source
Assessor
Living Area
2208

Location

Listing Courtesy of Keller Williams Realty, Karen Anderson, DRE #01224307

Sold By The Listers, Tamer Batniji, DRE #01930499

Add your commute
LISTING UPDATED: 03/03/2022 08:28 AM

Property Details for 722 Gulf Avenue

StatusClosed
MLS #PV21236205
Days on Market52
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1927
Lot Size0.14 AC / 6,201 SF
CountyLos Angeles County

Location

Listing Courtesy of Keller Williams Realty, Karen Anderson, DRE #01224307

Sold By The Listers, Tamer Batniji, DRE #01930499

Add your commute

Building Information for 722 Gulf Avenue

Stories1Residences-Year Built1927Building Size-Lot Size0.14 AC / 6,201 SF

Payment Calculator

$4,407 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,684

Property Taxes

$723

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 722 Gulf Avenue

Rental Info
Rental Info
  • Tenant Pays: Electricity, Gas
Income / Expense / Tax Details
Income Details
  • Gross Income: $37,200
  • Gross Scheduled Income: $37,200
  • Net Operating Income: $35,186
  • Financing: Conventional
Expense Details
  • Operating Expense: $2,014
  • Licenses Expense: $214
  • Pest Control Expense: $300
  • Insurance Expense: $1,500
  • Trash Expense: $0
  • Water Sewer Expense: $0
  • Total Expenses: $2,014
Tax / Assessment Info
  • Tax Tract Number: 5139
  • Tax Census Tract: 2948.10
  • CFD/Mello-Roos Fee: $389
  • Tax Lot: 11
Community / Development
Community / Development
  • Assessments YN: Yes
  • Assessments: Unknown
  • Community Features: Curbs, Sidewalks, Street Lights
Property / Structure Info
Interior Features
  • Room Type: All Bedrooms Down, Laundry, Living Room
  • Bedroom Features: All Bedrooms Down
  • Laundry: Yes
  • Laundry Features: Inside
  • Fireplace Features: Living Room
  • Fireplace Rooms: Living Room
  • Cooling: None
  • Heating Type: Wall
  • Heating: Wall Furnace
  • Flooring: Carpet, Tile
Exterior Features
  • View Description: None
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Spa Features: None
Land/Lot Info
  • Lot Features: 0-1 Unit/Acre
  • Number Of Units: 2
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: One
  • Water: Public
  • Sewer: Sewer Paid
  • Sewer/Septic: Sewer Connected
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
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 Actual Rent: $1,250
  • Unit Type Total Rent: $1,250
  • Unit Type Pro Forma: 1600
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 4
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,850
  • Unit Type Total Rent: $1,850
  • Unit Type Pro Forma: 2500
  • Unit Type Type: 2
Unit Information
  • Number Of Units Leased: 2
  • Rent Controlled: Yes
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2

Property History for 722 Gulf 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 722 Gulf Avenue

Taxable ValueLand$510,000Additions$178,500Total$688,500
Tax Record2023$8,675 ($723 / month)
Home Facts
Total Finished SqFt2,208 SqFtAbove Grade Finished SqFt2,208 SqFtLot Size6,201 SqFtStyleDuplexYear Built1927ZoningLARD1.5CountyLOS ANGELESAPN7416-016-025

Schools near 722 Gulf Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 7
Public - 9 to 12
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
George De La Torre Jr. Elementary School
PublicK to 7

Phineas Banning Senior High School
Public9 to 12

Harbor Teacher Preparation Academy
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

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Similar Sold Homes

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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 Keller Williams Realty, Karen Anderson, DRE #01224307

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.