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Wilmington, CA Real Estate News

By Norma Toering Broker for Palos Verdes and Beach Cities, Palos Verdes Luxury Homes in L.A.
(Charlemagne International Properties)
Wilmington, CA is a "hot spot" in the South Bay of Los Angeles for income producing properties.  Charlemagne Int'l Properties recently listed a side by side duplex on Ravenna Avenue, and this upgraded property will make a savvy addition to most rental income portfolios.Each unit is one bedroom with interior laundry area and one space in the two-car garage.  One unit's kitchen was recently remodeled with new cabinetry, granite counters and stainless appliances. The other unit is upgraded with stainless appliances as well.Both units are occupied and the property will be sold with tenants in place.   Offers are subject to inspection. The $345,000 asking price is sure to attract interested buyers.  Contact Josh Toering at ToeringandTeam@gmail.com or text or call 310.493.8333 for more inform...
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By Norma Toering Broker for Palos Verdes and Beach Cities, Palos Verdes Luxury Homes in L.A.
(Charlemagne International Properties)
Foreclosures and short sales have dramatically dropped off for income property in Wilmington. All sixteen of the available units this month are standard sales or probate listings. A couple of the properties in escrow were distressed, but it is a big change to see so few of the bank-owned properties on the market. Available Units: 16 Apartments are listed for sale in Wilmington priced from $299K to $1.2M Units in Escrow: 7 Units are in escrow ranging from $285K to $1.6M October sales includes 5 units from $447,500 to $1,350,000. Unit breakdown: Duplex sales – 2 Triplex sales – 0 Fourplex sales – 2 Ten unit building – 1 On pricing, this month’s units sold within 3% of the asking prices and were split pretty evenly between properties that went slightly under asking price and a few that we...
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By Norma Toering Broker for Palos Verdes and Beach Cities, Palos Verdes Luxury Homes in L.A.
(Charlemagne International Properties)
Wilmington had a busy year in income property sales and activity. This harbor area city is popular with first time income property buyers for its affordable prices compared to other parts of the South Bay. As part of Los Angeles, it has the same rent control rules. Available units in Wilmington: 14 Buildings priced from $250,000 to $4.79M In escrow: 6 Buildings priced from $220,000 to $1.25M Sold in 2013: 39 Buildings with an average sale price of $416,000. They ranged from $110,000 to $1,150,000 Distressed property sales were noted on one third of Wilmington's unit sales. The 2013 records show 10% Foreclosures, 20% Short sales or other default situations. There were a handful of probate sales and the rest were standard sales. The average year built was 1947. - Josh & Norma Toering(310...
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By James Muhammad, RE/MAX Vision
(RE/MAX Champions)
    Last week was a very busy week for us at IamShortSales but I want to take this time to thank Ameer Elahee from Keller Williams Realty for allowing us to negotiate a successful Short Sale and close escrow on his 25503 Pine Creek LN, Wilmington 90744  listing. We look forward to working with Ameer Elahee again very soon.    25503 Pine Creek LN, Wilmington 90744   If you are looking to sell your home, purchase a home, Short Sale, or Standard Sale. I can help you! Please contact me at (888) 995-2637 or e-mail us at james@cahometeam.net   “See you in Escrow”®
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By Tom Bashe
(SCA Real Estate - Call Now)
Lloyd Cullen Real Estate is a local Wilmington Short Sale Realtor. As a Wilmington Short Sale Company that specializes in short sales, you are assured the highest standard of professionalism and can always count on our Wilmington Short Sale Realtor to help answer any questions you have in regards to Wilmington Short Sales. Wilmington Short Sale Realtor Lloyd Cullen is a local Wilmington Short Sale Expert with experienced Wilmington Short Sale Agents here to assist you.   Wilmington Short Sale Realtor We specialize in Short Sales for Wilmington and Surrounding Areas At Lloyd Cullen Real Estate, one of the major differences between our Wilmington Short Sale Agent and others is that we explain exactly what is going to happen before you make the decision to short sell your Wilmington home. ...
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By Ralph Gorgoglione, California and Hawaii Real Estate (310) 497-9407
(Metro Life Homes)
  Take a tour back into time at the Drum Barracks Civil War Museum in Wilmington, California! This amazing museum is the last Civil War military facility in the Los Angeles area. The museum is located in the last remaining wooden building of Drum Barracks. The Drum Barracks is named after Adjutant General Richard Coulter Drum and was known as Camp Drum at one time. The Civil War is such a big part of our United States history and the State of California played a very big a role during the Civil War. Amazingly enough, not many people know that! That is why we are so fortunate to have the Drum Barracks Civil War Museum here in Los Angeles. For more information regarding the Drum Barracks Civil War Museum please visit the link: http://www.drumbarracks.org/ What a wonderful way to step back...
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By Richard Ruggaber, California Real Estate - (818) 422-5035
(Metro Life Homes)
    Take a tour back into time at the Drum Barracks Civil War Museum in Wilmington, California! This amazing museum is the last Civil War military facility in the Los Angeles area. The museum is located in the last remaining wooden building of Drum Barracks. The Drum Barracks is named after Adjutant General Richard Coulter Drum and was known as Camp Drum at one time. The Civil War is such a big part of our United States history and the State of California played a very big a role during the Civil War. Amazingly enough, not many people know that! That is why we are so fortunate to have the Drum Barracks Civil War Museum here in Los Angeles. For more information regarding the Drum Barracks Civil War Museum please visit the link: http://www.drumbarracks.org/ What a wonderful way to step ba...
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