1305 E O StWilmingtonCA90744
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Wilmington at 1305 E O St, Wilmington, CA, 90744 at $680,000 posts ROI 30.02% with $1,858/mo cash flow from $6,064/mo rent. Total monthly income equals $6,064/mo, and annual cash flow records $22,292/yr on $223,720 to close. Return on cash invested measures 30.02% and rental yield reads 10.7% at the current $680,000. Equity gained on principal adds $4,388/yr, and 5% annual appreciation supports $187,871 by year five. Five-year ROI prints 157.05% and total cumulative return in cash totals $351,348.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $6,064/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Multi Family
Built in 1948
5,015 sqft lot
$N/A/sqft
No HOA
More details about the property
Neighborhood Data
Neighborhood data shown for ZIP Code: 90744, Wilmington, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,211 (100%) |
| Owner Occupied HU | 5,750 (37.8%) |
| Renter Occupied HU | 9,107 (59.9%) |
| Vacant Housing Units | 354 ( 2.3%) |
| Median Home Value | $658,570 |
| Average Home Value | $725,741 |
Housing Distribution
Address Breakdown
Residential
14,748
Single Family
10,269
Multi-Family
4,479
Businesses
1,478
Price History
Date | Event | Price |
|---|---|---|
| 2023-05-29 | Listed for sale | $680,000 |
| 2013-09-13 | Sold | $285,000 |
| 2013-07-19 | Price change | $289,900 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-08-15 | $4330.47 | 4.75% | $335,796 | 2.00% |
| 2022-08-15 | $4134.06 | 1.36% | $329,213 | 2.00% |
| 2021-08-15 | $4078.61 | -0.91% | $322,759 | 1.04% |
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Facts & Features
General Information
- Type: MultiFamily
- Year Built: 1948
- Architectural Style: N/A
- Building Area: 1,523
- Living Area: 1,523 sqft
- Property Condition: N/A
Features & Amenities
- Heating: N/A
- Cooling: N/A
- Flooring: N/A
- Interior Features: All Bedrooms Down
- Exterior Features: N/A
- Parking Features: Garage, Garage Faces Rear
Location
- City: Wilmington
- State: CA
- Subdivision: N/A
- Lot Size: 5,015 sqft
- Lot Features: Front Yard
- View: None
HOA & Fees
- HOA Fee: N/A
- Association Fee: N/A
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: N/A
Utilities
- Utilities: N/A
- Sewer: Public Sewer
- Water Source: Public
- Road Surface Type: N/A
School Information
- Elementary School: N/A
- Middle School: N/A
- High School: N/A
Listed by: Jeff Cossio • Grand Avenue Realty & Lending
Mls Name: CRMLS
Mls Provider:
Mls ID: #PW23093607
Disclaimer: The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional. Based on information from California Regional Multiple Listing Service, Inc. as of 2024-01-24 10:53:37 PST and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information