NOT LISTED FOR SALE

1208 S Temple Ave Compton, CA 90221

Estimated Value: $919,000 - $1,077,000

7 Beds
4 Baths
2,845 Sq Ft
$351/Sq Ft Est. Value

Last Sold May 03, 2022

Last sale price $1,070,000 $376 Per Sq Ft

Est. 7% decrease in value since last sale

Current estimated payment $7,205/month

131 Days on Market

About This Home

As of May 2022

BACK ON MARKET! Property has approval on Compton Presale! Lots of upgrades done including new water heaters, new wall heaters, new windows, upgraded garages, new light fixtures, new kitchen ranges. and many more. This property is an ideal investment and/or first time investment with one unit available (3Bd) to live in while collecting income on other three. Property has 4 units consists of (1) 3 bedroom 1 bath, (1) 2 bedroom 1 bath, (2) 1 bedroom 1 bath. All units have their own private garage and huge storage area. Possibilities of creating 4 individual storage spaces or a community laundry area - buyer to verify. Property offers huge common area. This property is ideal offering low maintenance and passive income.

Last Listed By

Isaac Rosales

Executive Bankers Realty License #01389408 Listed on: 10/07/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $19,429

Year Built

  • Built in 1944

Lot Details

  • 7,872 Sq Ft Lot
  • No Common Walls
  • Density is 2-5 Units/Acre

Parking

  • 4 Car Garage

Home Design

  • 2,845 Sq Ft Home
  • Quadruplex

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Additional Features

  • Exterior Lighting
  • Central Heating

Listing and Financial Details

  • Tax Lot 16
  • Tax Tract Number 9910
  • Assessor Parcel Number 6164008012

Community Details

Overview

  • 2 Buildings
  • 4 Units

Building Details

  • 3 Leased Units
  • 5 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $240
  • Gardener Expense $1,200
  • Insurance Expense $2,200
  • Maintenance Expense $1,200
  • Trash Expense $1,920
  • Water Sewer Expense $1,440
  • New Taxes Expense $16,800
  • Operating Expense $27,750
  • Gross Income $83,400
  • Net Operating Income $53,148

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$19,429

Year Built

Built in 1944

Lot Details

0

Parking

4

Listing Details

  • CapRate: 6.00
  • Price Per Unit: 262500
  • Property Attached: No
  • Water Sewer Expenses: 1440.00
  • Zoning: COPRH*
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 6164008012
  • Year Built: 1944
  • Special Features: None

Interior Features

  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 376.10

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 1920.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Curbs, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 7872.00
  • Lot Size Acres: 0.1807

Multi Family

  • Electric Expense: 240.00
  • Gross Income: 83400.00
  • Gross Multiplier: 11.69
  • Gross Operating Income: 80898.00
  • Gross Scheduled Income: 83400.00
  • Insurance Expense: 2200.00
  • Lot Size Area: 7872.0000 Square Feet
  • Maintenance Expense: 1200.00
  • Net Operating Income: 53148.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 4
  • Operating Expense: 27750.00
  • Rent Control: No
  • Total Actual Rent: 4200.00
  • Total Expenses: 27750.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 16800.00
  • Tax Census Tract: 5424.02
  • Tax Lot: 16
  • Tax Tract Number: 9910

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 18, 2023
Sold by
Espinoza Marcus F and Espinoza Jamie J
Bought by
Espinoza Marcus F and Espinoza Jamie J
Total Days on Market
131
Current Estimated Value
$998,000

Purchase Details

Closed on
Nov 4, 2022
Sold by
Espinoza Marcus and Espinoza Jamie
Bought by
Hoovers Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$937,500
Interest Rate
5.89%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 4, 2022
Sold by
Espinoza Marcus F
Bought by
Espinoza Marcus F and Espinoza Jamie J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$937,500
Interest Rate
5.89%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 27, 2017
Sold by
Alvarado Francisco Javier
Bought by
Vc2006 Llc

Purchase Details

Closed on
Aug 12, 2002
Sold by
Alvarado Josefina
Bought by
Alvarado Francisco Javier

Purchase Details

Closed on
May 16, 2002
Sold by
Bravo David and Bravo Cari
Bought by
Alvarado Francisco Javier

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$232,000
Interest Rate
7.25%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Jul 20, 2001
Sold by
First Union National Bank
Bought by
Bravo David and Bravo Cari

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$152,000
Interest Rate
8.35%

Purchase Details

Closed on
Jan 3, 2001
Sold by
Bowman Yolanda D
Bought by
First Union National Bank

Purchase Details

Closed on
Jan 24, 1997
Sold by
Bowman Reginald Keith
Bought by
Bowman Yolanda D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$124,650
Interest Rate
7.85%

Purchase Details

Closed on
Nov 14, 1996
Sold by
Mathews Jesse W and Bankers Trust Company
Bought by
Bankers Trust Company and Salomon Brothers Mtg Securities Vii Inc

Purchase Details

Closed on
Jun 28, 1996
Sold by
Mathews Jesse W
Bought by
Donaldson Marilyn Denise and Mathews Jesse W

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
Espinoza Marcus F -- --
Hoovers Llc -- Western Resources Title
Espinoza Marcus F -- Ticor Title
Vc2006 Llc $545,000 Ticor Title Co
Alvarado Francisco Javier -- American Title Co
Alvarado Francisco Javier $290,000 American Title Co
Bravo David $190,000 Fidelity National Title Co
First Union National Bank $246,826 --
Bowman Yolanda D -- First American Title Ins Co
Bowman Yolanda D $138,500 First American Title Ins Co
Bankers Trust Company $168,108 American Title Co
Donaldson Marilyn Denise -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Espinoza Marcus F $937,500
Previous Owner Espinoza Marcus $1,106,650
Previous Owner Alvarado Francisco Javier $369,000
Previous Owner Alvarado Francisco Javier $232,000
Previous Owner Bravo David $152,000
Previous Owner Bowman Yolanda D $192,500
Previous Owner Bowman Yolanda D $146,250
Previous Owner Bowman Yolanda D $124,650
Closed Alvarado Francisco Javier $43,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/03/2022 05/03/22 Sold $1,070,000 +1.9% $376 / Sq Ft
02/15/2022 02/15/22 Pending -- -- --
02/07/2022 02/07/22 Price Changed $1,050,000 +7.7% $369 / Sq Ft
10/11/2021 10/11/21 Price Changed $975,000 -9.3% $343 / Sq Ft
10/07/2021 10/07/21 For Sale $1,075,000 -- $378 / 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
2024 $19,429 $1,113,228 $697,068 $416,160
2023 $19,201 $1,091,400 $683,400 $408,000
2022 $10,666 $596,033 $218,727 $377,306
2021 $10,527 $584,347 $214,439 $369,908
2019 $10,222 $567,018 $208,080 $358,938
2018 $9,907 $555,900 $204,000 $351,900
2016 $6,534 $354,793 $134,574 $220,219
2015 $6,250 $349,465 $132,553 $216,912
2014 $6,150 $342,620 $129,957 $212,663
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: RS21222986

California Regional Multiple Listing Service (CRMLS)

APN: 6164-008-012