NOT LISTED FOR SALE

1115 S Tamarind Ave Compton, CA 90220

Compton Area
7 Beds
5 Baths
3,448 Sq Ft
8,916 Sq Ft Lot

Sale Details

Date Sold: April 26, 2018

Last sale price $789,000 $229 Per Sq Ft

79 Days on Market

Highlights

  • Air Conditioning
  • Central Heating
  • 5 Car Garage

About This Home

As of April 2018

Well operated turnkey property with tremendous character. Three 1Bedroom apartment units, one 2bedroom apartment unit, and one 2bedroom house. Four garages and ample driveway parking. Potential to achieve a 5.5% cap rate when fully occupied. Current rents are up to market, the 2bedroom house was recently vacated ($1500 in rent). High density rental market. The perfect investment for an investor looking to hold and collect a high return.

Last Agent to Sell the Property

David Harrington

Matthews Real Estate Investment Services License #01320460 Listed on: 01/22/2018

Last Buyer's Agent

David Harrington

Matthews Real Estate Investment Services License #01320460 Listed on: 01/22/2018

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1928

Lot Details

  • 8,916 Sq Ft Lot

Parking

  • 5 Car Garage

Interior Spaces

  • 3,448 Sq Ft Home
  • 2-Story Property
  • Washer

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 5 Bathrooms

Utilities

  • Air Conditioning
  • Central Heating

Community Details

  • 2 Buildings
  • 5 Units

Listing and Financial Details

  • Assessor Parcel Number 6163-019-023

Property Details

Home Type

Multi-Family

Year Built

Built in 1928

Lot Details

8,916 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 3448
  • Stories: 2
  • Year Built: 1928
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 7
  • Total Bathrooms: 5.00
  • Equipment: Washer
  • Price Per S Q F T: 261.02

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No

Garage/Parking

  • Parking Garage: Garage
  • Total Parking: 5

Utilities

  • Cooling: Air Conditioning
  • Heating: Central

Lot Info

  • Assessed Improvement Value: 206071
  • Assessed Land Value: 190213
  • Assessor Parcel Number: 6163-019-023
  • Geocode Override: No
  • Lot Size Area: 8916

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 16.30
  • Number Of Units: 5
  • Type Of Units: Apt

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 22, 2018
Closed on
Apr 10, 2018
Sold by
Bought by
Seller's Agent
David Harrington
Matthews Real Estate Investment Services
Buyer's Agent
David Harrington
Matthews Real Estate Investment Services
List Price
$900,000
Sold Price
$789,000
Premium/Discount to List
-$111,000
-12.33%

Purchase Details

Closed on
Sep 6, 2017
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$595,000
Interest Rate
3.83%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Sep 5, 2017
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$595,000
Interest Rate
3.83%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Aug 31, 1996
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$789,000 North American Title Company
-- North American Title
$595,000 North American Title
-- North American Title
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $595,000
Previous Owner $595,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
04/26/2018 04/26/18 Sold $789,000 -12.3% $229 / Sq Ft
04/11/2018 04/11/18 Pending -- -- --
01/22/2018 01/22/18 For Sale $900,000 -- $261 / Sq Ft
Source: The MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $15,950 $897,741 $284,454 $613,287
2024 $15,941 $880,139 $278,877 $601,262
2023 $15,760 $862,882 $273,409 $589,473
2022 $14,868 $845,964 $268,049 $577,915
2021 $15,009 $829,378 $262,794 $566,584
2020 $14,747 $820,875 $260,100 $560,775
2019 $14,578 $804,780 $255,000 $549,780
2018 $11,060 $595,000 $200,000 $395,000
2016 $7,534 $388,515 $186,484 $202,031
2015 $7,221 $382,680 $183,683 $198,997
2014 $7,114 $375,184 $180,085 $195,099
Source: Public Records

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Map

Source: The MLS

MLS Number: 18-309536

The MLS
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