NOT LISTED FOR SALE

1008 N Burris Ave Compton, CA 90221

Estimated Value: $1,188,000 - $1,435,656

6 Beds
6 Baths
2,800 Sq Ft
$469/Sq Ft Est. Value

Last Sold November 15, 2019

Last sale price $940,000 $336 Per Sq Ft

Est. 40% increase in value since last sale

Current estimated payment $8,662/month

338 Days on Market

Highlights

  • Private Yard
  • Laundry Room
  • Wrought Iron Fence
  • Living Room
  • Landscaped
  • Paved or Partially Paved Lot

About This Home

As of November 2019

The Property consists of Six (6) 1bd/1ba Units Within Two Single-Story Garden Style Buildings With Eight (8) Covered Garages Situated in Large (9,618 sft) Lot & Gated Yard, Located In a Nice & Quite Neighborhood. Fully Occupied, Below Market Rent in No Rent Control Area. All Units Are Separately Metered for Gas & Electric. All Rents Are Current & Actual.

Last Agent to Sell the Property

Ali Asgari

CENTURY 21 Affiliated License #01068679 Listed on: 10/21/2018

CENTURY 21 Affiliated

Last Buyer's Agent

Derrick Vartanian

Lyon Stahl Investment Real Estate, Inc. License #01816119

Lyon Stahl Investment Real Estate, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $18,165

Year Built

  • Built in 1949

Lot Details

  • 9,618 Sq Ft Lot
  • Two or More Common Walls
  • Wrought Iron Fence
  • Block Wall Fence
  • Landscaped
  • Paved or Partially Paved Lot
  • Private Yard
  • Front Yard

Parking

  • 8 Car Garage

Home Design

  • Property Attached
  • Composition Roof

Interior Spaces

  • 2,800 Sq Ft Home
  • Living Room
  • Laundry Room

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Bathrooms

Home Security

  • Window Bars
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Exterior Lighting

Utilities

  • Wall Furnace
  • Natural Gas Connected

Listing and Financial Details

  • Tax Lot 4
  • Assessor Parcel Number 6178016022

Community Details

Overview

  • 2 Buildings
  • 6 Units

Building Details

  • 6 Leased Units
  • Rent Control
  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • Insurance Expense $2,000
  • Water Sewer Expense $3,000
  • New Taxes Expense $16,000
  • Operating Expense $21,000
  • Gross Income $84,000
  • Net Operating Income $63,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$18,165

Year Built

Built in 1949

Lot Details

0

Parking

8

Listing Details

  • CapRate: 6.60
  • Property Attached: Yes
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s), Window Bars
  • Water Sewer Expenses: 3000.00
  • Zoning: COPRH*
  • Property Type: Residential Income
  • Parcel Number: 6178016022
  • Year Built: 1949
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 335.71
  • Room Type: Kitchen, Living Room

Exterior Features

  • Fence: Yes
  • Fencing: Block, Wrought Iron
  • Pool Private: No
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 8.00
  • Total Parking Spaces: 8.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace, Electric
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks, Storm Drains, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Landscaped, Lot 6500-9999, Paved, Yard
  • Lot Size Sq Ft: 9618.00
  • Lot Size Acres: 0.2208

Multi Family

  • Gross Income: 84000.00
  • Gross Multiplier: 11.30
  • Gross Operating Income: 84000.00
  • Gross Scheduled Income: 84000.00
  • Insurance Expense: 2000.00
  • Lot Size Area: 9618.0000 Square Feet
  • Net Operating Income: 63000.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Units Leased: 6
  • Number Of Units Total: 6
  • Operating Expense: 21000.00
  • Rent Control: Yes
  • Total Actual Rent: 84000.00
  • Total Expenses: 21000.00

Tax Info

  • New Taxes Expense: 16000.00
  • Tax Lot: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 25, 2022
Sold by
Damato Sylvia M
Bought by
Damato Family Trust
Current Estimated Value
$1,311,828

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Outstanding Balance
$706,899
Interest Rate
4.42%
Mortgage Type
New Conventional
Estimated Equity
$595,621

Purchase Details

Listed on
Oct 21, 2018
Closed on
Nov 9, 2019
Sold by
Amato Vincent D
Bought by
Amato Sylvia D
Seller's Agent
Ali Asgari
CENTURY 21 Affiliated
Buyer's Agent
Derrick Vartanian
Lyon Stahl Investment Real Estate, Inc.
List Price
$949,000
Sold Price
$940,000
Premium/Discount to List
-$9,000
-0.95%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.80%
Original Mortgage
$705,000
Interest Rate
3.65%

Purchase Details

Listed on
Oct 21, 2018
Closed on
Oct 7, 2019
Sold by
1217 Temple Llc
Bought by
Amato Sylvia D
Seller's Agent
Ali Asgari
CENTURY 21 Affiliated
Buyer's Agent
Derrick Vartanian
Lyon Stahl Investment Real Estate, Inc.
List Price
$949,000
Sold Price
$940,000
Premium/Discount to List
-$9,000
-0.95%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$705,000
Interest Rate
3.65%

Purchase Details

Closed on
Jul 21, 2015
Sold by
Jones Glen H and Glen H Jones Separet Property
Bought by
1217 Temple Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$375,000
Interest Rate
3.92%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 19, 2005
Sold by
Jones Glen
Bought by
Jones Glen H and The Glen H Jones Separate Prop
Source: Public Records

Range of Values:

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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
Damato Family Trust -- Ticor Title
Amato Sylvia D -- North American Title Company
Amato Sylvia D $940,000 North American Title
1217 Temple Llc $581,000 Usa National Title Company
Jones Glen H -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Damato Family Trust $750,000
Previous Owner Amato Sylvia D $705,000
Previous Owner 1217 Temple Llc $375,000
Previous Owner Jones Glen H $330,000
Previous Owner Jones Glen $300,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/15/2019 11/15/19 Sold $940,000 -0.9% $336 / Sq Ft
09/24/2019 09/24/19 Pending -- -- --
09/16/2019 09/16/19 For Sale $949,000 0.0% $339 / Sq Ft
05/15/2019 05/15/19 Pending -- -- --
04/03/2019 04/03/19 Price Changed $949,000 -2.2% $339 / Sq Ft
10/21/2018 10/21/18 For Sale $970,000 +67.0% $346 / Sq Ft
01/22/2016 01/22/16 Sold $581,000 +0.2% $208 / Sq Ft
09/30/2015 09/30/15 Pending -- -- --
08/21/2015 08/21/15 For Sale $580,000 -- $207 / 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 $18,165 $1,028,022 $371,836 $656,186
2024 $18,165 $1,007,866 $364,546 $643,320
2023 $17,957 $988,105 $357,399 $630,706
2022 $16,592 $968,732 $350,392 $618,340
2021 $16,762 $949,738 $343,522 $606,216
2020 $16,463 $940,000 $340,000 $600,000
2019 $11,348 $616,560 $266,362 $350,198
2018 $10,516 $604,472 $261,140 $343,332
2016 $3,198 $156,818 $27,686 $129,132
2015 $3,073 $154,464 $27,271 $127,193
2014 $3,062 $151,439 $26,737 $124,702
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC18255354

California Regional Multiple Listing Service (CRMLS)

APN: 6178-016-022