NOT LISTED FOR SALE

1208 S Wilmington Ave Compton, CA 90220

Estimated Value: $763,000 - $884,000

6 Beds
3 Baths
1,992 Sq Ft
$410/Sq Ft Est. Value

Last Sold December 04, 2015

Last sale price $293,000 $147 Per Sq Ft

Est. 179% increase in value since last sale

Current estimated payment $5,108/month

45 Days on Market

Highlights

  • All Bedrooms Downstairs
  • No HOA
  • Living Room
  • Traditional Architecture
  • Cooling System Mounted To A Wall/Window
  • No Interior Steps

About This Home

As of December 2015

GREAT PROPERTY. EXCELLENT CASH FLOW. EACH UNIT 2 BED 1 BATH. RENT 1100.00. PARKING FOR EACH UNIT. ALL UNITS TO BE VACANT AT COE.

Last Agent to Sell the Property

Cheryl Boling-Hernandez

Casitas Real Estate License #01326015 Listed on: 09/24/2015

Last Buyer's Agent

Matthew Jaime

REO Modern Realty Corp. License #01192386

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,287

Year Built

  • Built in 1955

Lot Details

  • 6,210 Sq Ft Lot
  • 1 Common Wall
  • Chain Link Fence
  • Fence is in average condition
  • Density is up to 1 Unit/Acre

Home Design

  • Traditional Architecture
  • Property Attached
  • Permanent Foundation
  • Fire Rated Drywall
  • Frame Construction
  • Shingle Roof
  • Stucco

Interior Spaces

  • 1,992 Sq Ft Home
  • Living Room
  • Carpet
  • Fire and Smoke Detector

Bedrooms and Bathrooms

  • 6 Bedrooms
  • All Bedrooms Down
  • 3 Bathrooms

Parking

  • 14 Parking Spaces
  • 3 Detached Carport Spaces
  • Parking Available
  • Unassigned Parking

Accessible Home Design

  • Doors swing in
  • No Interior Steps
  • Low Pile Carpeting
  • Accessible Parking

Location

  • Suburban Location

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for exterior maintenance, insurance, trash collection, water
  • Tax Lot 137
  • Tax Tract Number 1473
  • Assessor Parcel Number 6162003019

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 3 Units

Building Details

  • 2 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,800
  • Trash Expense $1,200
  • Water Sewer Expense $1,200
  • New Taxes Expense $4,862
  • Gross Income $3,300
  • Net Operating Income $30,538

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,287

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Other Phone Description: 562-233-6789
  • Property Attached: Yes
  • Security: Smoke Detector(s)
  • View: No
  • Water Sewer Expenses: 1200.00
  • Architectural Style: Traditional
  • Property Type: Residential Income
  • Parcel Number: 6162003019
  • Year Built: 1955
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Flooring: Carpet
  • Accessibility Features: Doors - Swing In, Low Pile Carpeting, No Interior Steps, Parking
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 147.09
  • Room Type: All Bedrooms Down, Living Room

Exterior Features

  • Foundation: FHA Approved, Permanent
  • Fencing: Average Condition, Chain Link
  • Pool Private: No
  • Roof: Shingle
  • Construction Materials: Drywall Walls, Frame, Stucco

Garage/Parking

  • Carport Spaces: 3.00
  • Parking: Yes
  • Parking Features: Carport, Detached Carport, Unassigned
  • Total Parking Spaces: 14.00

Utilities

  • Utilities: Electricity Available, Natural Gas Available, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: No
  • Appliances: Gas Water Heater
  • Heating Type: Wall Furnace
  • Trash Expense: 1200.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 6210.00
  • Price Per Lot Square Foot: 47.18
  • Lot Size Acres: 0.1430

Rental Info

  • Tenant Pays: Exterior Maintenance, Insurance, Trash Collection, Water

Multi Family

  • Gross Income: 3300.00
  • Gross Scheduled Income: 39600.00
  • Insurance Expense: 1800.00
  • Lot Size Area: 6210.0000 Square Feet
  • Net Operating Income: 30538.00
  • 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: 9062.00
  • Rent Control: No
  • Total Actual Rent: 2200.00

Tax Info

  • New Taxes Expense: 4862.00
  • Tax Lot: 137
  • Tax Tract Number: 1473

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 24, 2015
Closed on
Nov 18, 2015
Sold by
Gurrola Enrique
Bought by
Pinon Jairo J
Seller's Agent
Cheryl Boling-Hernandez
Casitas Real Estate
Buyer's Agent
Matthew Jaime
REO Modern Realty Corp.
List Price
$389,000
Sold Price
$293,000
Premium/Discount to List
-$96,000
-24.68%
Current Estimated Value
$817,408

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$524,408
Avg. Annual Appreciation
10.97%
Original Mortgage
$383,918
Outstanding Balance
$300,215
Interest Rate
3.62%
Mortgage Type
FHA
Estimated Equity
$517,193

Purchase Details

Closed on
Aug 18, 2005
Sold by
Gurrola Enrique and Murillo Guadalupe
Bought by
Gurrola Enrique

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$253,000
Interest Rate
6.37%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 10, 2003
Sold by
Gurrola Enrique and Murill Guadalup
Bought by
Gurrola Enrique

Purchase Details

Closed on
Feb 20, 2003
Sold by
Murillo Guadalupe
Bought by
Gurrola Enrique

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$196,391
Interest Rate
5.78%

Purchase Details

Closed on
Mar 1, 1999
Sold by
Sahagun Cruz Francisco and Murillo Guadalupe
Bought by
Murillo Guadalupe

Purchase Details

Closed on
Jan 14, 1997
Sold by
Contreras Pablo
Bought by
Sahagun Cruz Francisco

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$164,111
Interest Rate
7.74%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 19, 1996
Sold by
First Federal Bank Of California
Bought by
Contreras Pablo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$73,500
Interest Rate
7.25%

Purchase Details

Closed on
Jan 24, 1996
Sold by
Gutierrez Miguel and Gutierrez Maria
Bought by
First Federal Bank Of California
Source: Public Records

Range of Values:

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List 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
Pinon Jairo J $391,000 Provident Title Company
Gurrola Enrique -- Itc
Gurrola Enrique -- --
Gurrola Enrique -- Commerce Title Company
Murillo Guadalupe -- First American
Sahagun Cruz Francisco $168,000 South Coast Title
Contreras Pablo $105,000 --
Contreras Pablo -- --
First Federal Bank Of California $115,000 North American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pinon Jairo J $383,918
Previous Owner Gurrola Enrique $253,000
Previous Owner Gurrola Enrique $196,391
Previous Owner Sahagun Cruz Francisco $164,111
Previous Owner Contreras Pablo $73,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/04/2015 12/04/15 Sold $293,000 -24.7% $147 / Sq Ft
09/24/2015 09/24/15 Pending -- -- --
08/10/2015 08/10/15 For Sale $389,000 -- $195 / 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 $9,287 $462,857 $155,074 $307,783
2024 $9,287 $453,783 $152,034 $301,749
2023 $9,143 $444,886 $149,053 $295,833
2022 $7,687 $436,164 $146,131 $290,033
2021 $7,759 $427,613 $143,266 $284,347
2019 $7,535 $414,931 $139,017 $275,914
2018 $7,306 $406,796 $136,292 $270,504
2016 $6,946 $391,000 $131,000 $260,000
2015 $4,197 $227,653 $94,854 $132,799
2014 $4,134 $223,194 $92,996 $130,198
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW15188711

California Regional Multiple Listing Service (CRMLS)

APN: 6162-003-019