NOT LISTED FOR SALE

1127 S Atlantic Dr Compton, CA 90221

Estimated Value: $670,000 - $827,000

3 Beds
2 Baths
1,728 Sq Ft
$438/Sq Ft Est. Value

Last Sold February 06, 2018

Last sale price $440,000 $255 Per Sq Ft

Est. 72% increase in value since last sale

Current estimated payment $4,725/month

9 Days on Market

Highlights

  • Contemporary Architecture
  • Level Lot
  • Wall Furnace

About This Home

As of February 2018

Ideal for first time buyer, back unit vacant. Live in one unit and use income from two other units to help with mortgage payment. Each unit has its own electric and gas meter. Parking spaces for five cars. No rent control, two units rented, long term tenants. Tenants already have notice that rent will be $975 for one bedroom unit and $1325 for two bedroom unit starting February 1, 2018.Close to Business, Schools, Transportation , Free ways and more..... Drive by Only don't disturb the Tenant . The Seller is very motivated will consider any serious, qualified offer.

Last Agent to Sell the Property

Ivonne Vargas

J&I Realty License #00884201 Listed on: 12/19/2017

Last Buyer's Agent

Ivonne Vargas

J&I Realty License #00884201 Listed on: 12/19/2017

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1954

Lot Details

  • 6,259 Sq Ft Lot
  • Two or More Common Walls
  • Level Lot

Home Design

  • Triplex
  • Contemporary Architecture
  • Composition Roof

Interior Spaces

  • 1,728 Sq Ft Home
  • Laminate Flooring

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Parking

  • 5 Open Parking Spaces
  • 5 Parking Spaces
  • Parking Available
  • Assigned Parking

Additional Features

  • Rain Gutters
  • Wall Furnace

Listing and Financial Details

  • Tax Lot 8
  • Tax Tract Number 18303
  • Assessor Parcel Number 7301004008

Community Details

Overview

  • 3 Units

Building Details

  • 2 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $800
  • Trash Expense $240
  • Water Sewer Expense $2,040
  • New Taxes Expense $5,600
  • Operating Expense $8,680
  • Gross Income $34,500
  • Net Operating Income $34,500

Property Details

Home Type

Multi-Family

Year Built

Built in 1954

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 2040.00
  • Zoning: COR3*
  • Architectural Style: Contemporary
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 7301004008
  • Year Built: 1954
  • Special Features: None

Interior Features

  • Common Walls: 2+ Common Walls
  • Flooring: Laminate
  • Levels: One
  • Price Per Square Foot: 254.63

Exterior Features

  • Pool Private: No
  • Roof: Composition

Garage/Parking

  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 5.00
  • Uncovered Spaces: 5.00

Utilities

  • Heating: Yes
  • Laundry: No
  • Heating Type: Wall Furnace
  • Sewer: Public Sewer
  • Trash Expense: 240.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Gutters, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level with Street, Lot 6500-9999
  • Lot Size Sq Ft: 6259.00

Multi Family

  • Average1 Bed Area: 500 Square Feet
  • Average2 Bed Area: 728 Square Feet
  • Gross Income: 34500.00
  • Gross Scheduled Income: 37500.00
  • Insurance Expense: 800.00
  • Net Operating Income: 34500.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 3
  • Operating Expense: 3000.00
  • Rent Control: No
  • Total Actual Rent: 2200.00
  • Total Expenses: 8680.00

Tax Info

  • New Taxes Expense: 5600.00
  • Tax Census Tract: 5422.00
  • Tax Lot: 8
  • Tax Tract Number: 18303

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 8, 2024
Sold by
Song Hae Sook
Bought by
Song Hae Sook and Kim Don Ki
Current Estimated Value
$756,511

Purchase Details

Listed on
Dec 19, 2017
Closed on
Jan 2, 2018
Sold by
Chavez Hilda
Bought by
Song Hae Sook
Seller's Agent
Ivonne Vargas
J&I Realty
Buyer's Agent
Ivonne Vargas
J&I Realty
List Price
$450,000
Sold Price
$440,000
Premium/Discount to List
-$10,000
-2.22%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.11%
Original Mortgage
$264,000
Interest Rate
5%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Aug 7, 2013
Sold by
Chavez Hilda
Bought by
Chavez Hilda and Saavedra David

Purchase Details

Closed on
Apr 27, 2004
Sold by
Chavez Hilda
Bought by
Chavez Hilda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$176,000
Interest Rate
5.35%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 15, 2003
Sold by
Early Dianne
Bought by
Chavez Hilda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$161,500
Interest Rate
6.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 24, 1997
Sold by
Early Charlie J
Bought by
The Charlie J & Dianne Early Living Tr
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
Song Hae Sook -- None Listed On Document
Song Hae Sook $440,000 Old Republic Title
Chavez Hilda -- None Available
Chavez Hilda -- United Title Company-La
Chavez Hilda $190,000 First American Title Co
The Charlie J & Dianne Early Living Tr -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Song Hae Sook $264,000
Previous Owner Chavez Hilda $176,000
Previous Owner Chavez Hilda $161,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/06/2018 02/06/18 Sold $440,000 -2.2% $255 / Sq Ft
12/28/2017 12/28/17 Pending -- -- --
12/19/2017 12/19/17 For Sale $450,000 -- $260 / 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 $9,127 $518,453 $227,563 $290,890
2024 $9,127 $508,288 $223,101 $285,187
2023 $10,018 $498,323 $218,727 $279,596
2022 $8,507 $488,553 $214,439 $274,114
2021 $8,592 $478,975 $210,235 $268,740
2019 $8,085 $448,800 $204,000 $244,800
2018 $5,154 $274,755 $149,874 $124,881
2016 $4,325 $228,186 $138,114 $90,072
2015 $4,141 $224,760 $136,040 $88,720
2014 $4,079 $220,359 $133,376 $86,983
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: RS17277893

California Regional Multiple Listing Service (CRMLS)

APN: 7301-004-008