NOT LISTED FOR SALE

1030 W Reeve St Compton, CA 90220

Estimated Value: $971,899 - $1,152,000

10 Beds
4 Baths
4,008 Sq Ft
$273/Sq Ft Est. Value

Last Sold March 27, 2015

Last sale price $530,000 $132 Per Sq Ft

Est. 107% increase in value since last sale

Current estimated payment $6,674/month

159 Days on Market

Highlights

  • City Lights View
  • Balcony
  • Tile Flooring
  • No HOA
  • Cooling System Mounted To A Wall/Window
  • 4 Car Garage

About This Home

As of March 2015

Four Units, One Building, two histories, four one car garage, good income property, all the units have been rehave, new paint, new floor, new kitchen, new bathrooms,
As August 26, 2014 the owner has put up a new iron fence, so the value of this property is now $541,000. all units are rented.

Last Agent to Sell the Property

Gustavo Rico

NT & Associates, Inc. License #01171199 Listed on: 06/18/2014

Last Buyer's Agent

Angeles Garnica

Keller Williams SELA License #01383846

Keller Williams SELA

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1955

Lot Details

  • 7,785 Sq Ft Lot
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

Parking

  • 4 Car Garage
  • Parking Available

Home Design

  • Property Attached

Interior Spaces

  • 4,008 Sq Ft Home
  • Tile Flooring
  • City Lights Views

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 4 Bathrooms

Outdoor Features

  • Balcony
  • Exterior Lighting

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Listing and Financial Details

  • Tax Lot 9
  • Tax Tract Number 14680
  • Assessor Parcel Number 6141012050

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $10,200
  • Water Sewer Expense $2,400
  • New Taxes Expense $4,800
  • Gross Income $4,400
  • Net Operating Income $4,400

Property Details

Home Type

Multi-Family

Year Built

Built in 1955

Lot Details

0

Parking

4

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • View: Yes
  • Water Sewer Expenses: 2400.00
  • Property Type: Residential Income
  • Parcel Number: 6141012050
  • Year Built: 1955
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Balcony
  • Common Walls: 1 Common Wall
  • Flooring: Tile
  • Appliances: No
  • Levels: Two
  • Price Per Square Foot: 132.24

Exterior Features

  • View: City Lights
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 8.00

Utilities

  • Utilities: Sewer Available, Water Connected
  • Heating: Yes
  • Heating Type: Wall Furnace
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Community Features: Street Lights

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 7785.00
  • Lot Size Acres: 0.1790

Multi Family

  • Gross Income: 4400.00
  • Gross Scheduled Income: 4800.00
  • Insurance Expense: 10200.00
  • Lot Size Area: 7785.0000 Square Feet
  • Net Operating Income: 4400.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 400.00
  • Rent Control: No
  • Total Actual Rent: 4800.00

Tax Info

  • New Taxes Expense: 4800.00
  • Tax Lot: 9
  • Tax Tract Number: 14680
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 18, 2014
Closed on
Mar 13, 2015
Sold by
Ruiz Fuentevilla Luis Alejandro
Bought by
Gonzalez Abelardo and Gonzalez Elvia
Seller's Agent
Gustavo Rico
NT & Associates, Inc.
Buyer's Agent
Angeles Garnica
Keller Williams SELA
List Price
$535,000
Sold Price
$530,000
Premium/Discount to List
-$5,000
-0.93%
Current Estimated Value
$1,095,225

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$565,225
Avg. Annual Appreciation
6.99%
Original Mortgage
$397,500
Outstanding Balance
$304,108
Interest Rate
3.65%
Mortgage Type
New Conventional
Estimated Equity
$791,118

Purchase Details

Listed on
Jun 12, 2013
Closed on
Sep 3, 2013
Sold by
Pulido Joe
Bought by
Ruiz Fuentevilla Luis Alejandro
Seller's Agent
Jay Dharmasuriya
Realty Brokerage Group Inc
Buyer's Agent
Jay Dharmasuriya
Realty Brokerage Group Inc
List Price
$429,000
Sold Price
$415,000
Premium/Discount to List
-$14,000
-3.26%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.51%
Original Mortgage
$272,000
Interest Rate
4.55%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 6, 2013
Sold by
Ruiz Leticia
Bought by
Ruiz Fuentevilla Luis Alejandro

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$272,000
Interest Rate
4.55%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 9, 2009
Sold by
Gmac Mortgage Llc
Bought by
Pulido Joe

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$262,500
Interest Rate
4.91%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 7, 2008
Sold by
Wellington Joan
Bought by
Gmac Mortgage Llc and Gmac Mortgage Corporation

Purchase Details

Closed on
Mar 20, 2007
Sold by
Mcbeth Sandra K
Bought by
Wellington Joan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$669,494
Interest Rate
6.31%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 4, 2006
Sold by
Reynolds James L
Bought by
Mcbeth Sandra K

Purchase Details

Closed on
Jul 22, 2004
Sold by
Reynolds James L
Bought by
Reynolds James L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$190,000
Interest Rate
6.24%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 21, 1995
Sold by
Ford Consumer Finance Company Inc
Bought by
Reynolds James L

Purchase Details

Closed on
Aug 9, 1995
Sold by
Davis Preston and Ford Consumer Finance Company
Bought by
Ford Consumer Finance Company Inc

Purchase Details

Closed on
Oct 20, 1994
Sold by
Marchetti Fulvio
Bought by
Sahroian Margaret
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
Gonzalez Abelardo $530,000 Chicago Title Company
Ruiz Fuentevilla Luis Alejandro $415,000 Lawyers Title
Ruiz Fuentevilla Luis Alejandro -- Lawyers Title
Pulido Joe $350,000 First American Title Ins Co
Gmac Mortgage Llc $741,383 None Available
Wellington Joan $680,000 Ort
Mcbeth Sandra K -- Accommodation
Reynolds James L -- --
Reynolds James L -- --
Reynolds James L $160,000 American Title Ins Co
Ford Consumer Finance Company Inc $140,000 Northern Counties Title Ins
Sahroian Margaret -- --
Marchetti Fulvio $66,578 Continental Lawyers Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gonzalez Abelardo $397,500
Previous Owner Ruiz Fuentevilla Luis Alejandro $272,000
Previous Owner Pulido Joe $262,500
Previous Owner Wellington Joan $669,494
Previous Owner Reynolds James L $190,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/27/2015 03/27/15 Sold $530,000 -0.9% $132 / Sq Ft
11/24/2014 11/24/14 Pending -- -- --
06/18/2014 06/18/14 For Sale $535,000 +28.9% $133 / Sq Ft
10/18/2013 10/18/13 Sold $415,000 -3.3% $104 / Sq Ft View Prior Sale
04/08/2013 04/08/13 Pending -- -- --
03/18/2013 03/18/13 For Sale $429,000 -- $107 / 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 $11,236 $636,970 $180,271 $456,699
2024 $11,236 $624,482 $176,737 $447,745
2023 $11,102 $612,238 $173,272 $438,966
2022 $10,462 $600,234 $169,875 $430,359
2021 $10,546 $588,466 $166,545 $421,921
2019 $10,235 $571,013 $161,606 $409,407
2018 $9,966 $559,818 $158,438 $401,380
2016 $9,445 $538,082 $152,287 $385,795
2015 $7,352 $423,291 $152,997 $270,294
2014 $7,217 $415,000 $150,000 $265,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: RS14132683

California Regional Multiple Listing Service (CRMLS)

APN: 6141-012-050