NOT LISTED FOR SALE

1006 N Spring Ave Compton, CA 90221

Estimated Value: $585,000 - $649,445

3 Beds
2 Baths
1,418 Sq Ft
$434/Sq Ft Est. Value

Last Sold November 24, 2020

Last sale price $450,000 $317 Per Sq Ft

Est. 37% increase in value since last sale

Current estimated payment $3,988/month

19 Days on Market

About This Home

As of November 2020

Calling investors or first time investors this is the opportunity you have been waiting, great location, buy 2 for the price of 1, 2 bed + 1 bath and 1 bed and 1 bath. Already rented for you! Drive by but do not disturb tenants. Call today for more information. Make an offer before someone else gets it!

Last Agent to Sell the Property

Marcelo Mena Chiriboga

Keller Williams Luxury License #02005579 Listed on: 09/09/2020

Keller Williams Luxury

Last Buyer's Agent

Kimberly Olbrich

CENTURY 21 CITRUS REALTY INC License #01851689

CENTURY 21 CITRUS REALTY INC

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1956

Lot Details

  • 3,516 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Garage

Home Design

  • 1,418 Sq Ft Home

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Additional Features

  • Laundry Room
  • Septic Type Unknown

Listing and Financial Details

  • Legal Lot and Block 4 / 16
  • Tax Tract Number 5085
  • Assessor Parcel Number 6166020002

Community Details

Overview

  • Active Adult
  • 2 Units

Building Details

  • 2 Leased Units
  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,000
  • Trash Expense $300
  • Water Sewer Expense $400
  • New Taxes Expense $6,238
  • Operating Expense $7,938
  • Gross Income $38,100

Property Details

Home Type

Multi-Family

Year Built

Built in 1956

Lot Details

0

Parking

2

Listing Details

  • Ad Number: 323-842-9070
  • Property Attached: No
  • Water Sewer Expenses: 400.00
  • Zoning: COCL*
  • Property Type: Residential Income
  • Parcel Number: 6166020002
  • Year Built: 1956
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 317.35

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: Yes
  • Sewer: Unknown
  • Trash Expense: 300.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: Yes
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 3516.00
  • Lot Size Acres: 0.0807

Multi Family

  • Gross Income: 38100.00
  • Gross Scheduled Income: 38100.00
  • Insurance Expense: 1000.00
  • Lot Size Area: 3516.0000 Square Feet
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Rent Control: Yes
  • Total Actual Rent: 3160.00
  • Total Expenses: 7938.00

Tax Info

  • New Taxes Expense: 6238.00
  • Tax Block: 16
  • Tax Census Tract: 5416.06
  • Tax Lot: 4
  • Tax Tract Number: 5085

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 9, 2020
Closed on
Oct 5, 2020
Sold by
Cosio Edward
Bought by
Carr Kelsey Nicole
Seller's Agent
Marcelo Mena Chiriboga
Keller Williams Luxury
Buyer's Agent
Kimberly Olbrich
CENTURY 21 CITRUS REALTY INC
List Price
$450,000
Sold Price
$450,000
Current Estimated Value
$615,361

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$165,361
Avg. Annual Appreciation
6.34%
Original Mortgage
$441,849
Interest Rate
2.8%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 4, 2019
Sold by
Estrada Emie and Chiriboga Marcelo Andres
Bought by
Cosio Edward

Purchase Details

Closed on
Nov 4, 2016
Sold by
Andrews Casper
Bought by
Estrada Ernie and Chiriboga Marcelo Andres Mena

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$373,117
Interest Rate
4.37%
Mortgage Type
FHA

Purchase Details

Listed on
Mar 13, 2015
Closed on
Jul 18, 2015
Sold by
Matthews Ptolemy
Bought by
Andrews Casper
Seller's Agent
Raul Munguia
CHAMPIONS REAL ESTATE
Buyer's Agent
Nichole Harris
Park Place Realty Group
List Price
$299,999
Sold Price
$300,000
Premium/Discount to List
$1
0.0%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.07%

Purchase Details

Listed on
Mar 13, 2015
Closed on
Jun 1, 2015
Sold by
Matthews Neysa J
Bought by
Matthews Ptolemy J
Seller's Agent
Raul Munguia
CHAMPIONS REAL ESTATE
Buyer's Agent
Nichole Harris
Park Place Realty Group
List Price
$299,999
Sold Price
$300,000
Premium/Discount to List
$1
0.0%

Purchase Details

Closed on
Mar 24, 2015
Sold by
Chavez Glenda Menendez
Bought by
Matthews Ptolemy J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$289,987
Interest Rate
3.87%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 26, 2009
Sold by
Cardenas Christian
Bought by
Chavez Glenda Menendez

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$157,102
Interest Rate
4.91%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 4, 2006
Sold by
Leon Cirina H and Alonso Adelfa
Bought by
Leon Cirina H

Purchase Details

Closed on
Mar 20, 1995
Sold by
Leon Cirina H and Leon Rosa
Bought by
Leon Cirina H
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Carr Kelsey Nicole $450,000 Consumers Title Company
Cosio Edward -- Accommodation
Estrada Ernie $380,000 Old Republic Title Company
Andrews Casper -- Old Republic Title Company
Andrews Casper -- Fidelity National Title Co
Matthews Ptolemy J -- Fnt
Matthews Ptolemy J $300,000 Fnt
Chavez Glenda Menendez $160,000 None Available
Leon Cirina H -- None Available
Leon Cirina H -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Carr Kelsey Nicole $441,849
Previous Owner Estrada Ernie $373,117
Previous Owner Matthews Ptolemy J $289,987
Previous Owner Chavez Glenda Menendez $157,102
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/24/2020 11/24/20 Sold $450,000 0.0% $317 / Sq Ft
09/28/2020 09/28/20 Pending -- -- --
09/09/2020 09/09/20 For Sale $450,000 +18.4% $317 / Sq Ft
03/01/2017 03/01/17 Sold $380,000 -2.6% $268 / Sq Ft View Prior Sale
10/14/2016 10/14/16 Pending -- -- --
09/23/2016 09/23/16 For Sale $390,000 0.0% $275 / Sq Ft
08/16/2016 08/16/16 Pending -- -- --
08/10/2016 08/10/16 For Sale $390,000 +30.0% $275 / Sq Ft
06/22/2015 06/22/15 Sold $300,000 0.0% $212 / Sq Ft View Prior Sale
03/31/2015 03/31/15 Pending -- -- --
02/10/2015 02/10/15 For Sale $299,999 -- $212 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $9,059 $487,093 $216,485 $270,608
2024 $9,059 $477,543 $212,241 $265,302
2023 $8,929 $468,180 $208,080 $260,100
2022 $7,783 $459,000 $204,000 $255,000
2021 $7,866 $450,000 $200,000 $250,000
2020 $7,050 $403,258 $191,017 $212,241
2019 $6,968 $395,352 $187,272 $208,080
2018 $6,801 $387,600 $183,600 $204,000
2016 $5,381 $304,574 $126,906 $177,668
2015 $3,654 $204,060 $80,549 $123,511
2014 -- $200,064 $78,972 $121,092
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR20187562

California Regional Multiple Listing Service (CRMLS)

APN: 6166-020-002