NOT LISTED FOR SALE

1214 S Atlantic Dr Compton, CA 90221

20 Beds
10 Baths
10,908 Sq Ft
0.37 Acres

Last Sold September 25, 2014

Last sale price $1,425,000 $131 Per Sq Ft

28 Days on Market

About This Home

As of September 2014

Priced to steal. Part of seller's portfolio, going to bigger project. Needs to sell. 14 units. 20+ Parking spots. 13 X 2 bedroom +1 bathroom and 1 X 2+1.5. Email your offer. All cash deals with short escrow time are preferred. Selling in AS IS condition. Showing is with an accepted offer. Strictly drive by only. Don't talk to the tenants. Thanks for your understanding.

Last Agent to Sell the Property

Ludwig Parsamian

City Center Realty Group License #01807802 Listed on: 08/21/2014

Last Buyer's Agent

Mike Iryami

BRC Advisors- BH License #01825516

BRC Advisors- BH

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 0.37 Acre Lot
  • Two or More Common Walls
  • Density is 11-15 Units/Acre

Parking

  • 22 Parking Spaces

Home Design

  • 10,908 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 20 Bedrooms
  • 10 Bathrooms

Additional Features

  • Exterior Lighting
  • Urban Location

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 8
  • Assessor Parcel Number 7301002012

Community Details

Overview

  • 14 Units

Building Details

  • 14 Leased Units
  • 15 Separate Electric Meters
  • 15 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $3,000
  • Gardener Expense $600
  • Insurance Expense $4,363
  • Maintenance Expense $7,125
  • Other Expense $7,125
  • Pest Control $720
  • Trash Expense $2,340
  • Water Sewer Expense $4,000
  • New Taxes Expense $17,813
  • Gross Income $15,250
  • Net Operating Income $134,514

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 4000.00
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 7301002012
  • Year Built: 1964
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 130.64

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 22.00

Utilities

  • Utilities: Sewer Connected
  • Pest Control Expense: 720.00
  • Trash Expense: 2340.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Street Lights, Urban

Lot Info

  • Lot Features: 11-15 Units/Acre
  • Lot Size Sq Ft: 16098.00
  • Lot Size Acres: 0.3700

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 3000.00
  • Gross Income: 15250.00
  • Gross Scheduled Income: 183000.00
  • Insurance Expense: 4363.00
  • Lot Size Area: 16098.0000 Square Feet
  • Maintenance Expense: 7125.00
  • Net Operating Income: 134514.00
  • Number Of Separate Electric Meters: 15
  • Number Of Separate Gas Meters: 15
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 14
  • Number Of Units Total: 14
  • Operating Expense: 48486.00
  • Other Expense: 7125.00
  • Other Expense Description: Reserve
  • Rent Control: No
  • Total Actual Rent: 176350.00

Tax Info

  • New Taxes Expense: 17813.00
  • Tax Lot: 8
  • Tax Year: 2013

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/21/2025 06/21/25 Off Market -- -- --
05/03/2025 05/03/25 For Rent -- -- --
09/25/2014 09/25/14 Sold $1,425,000 -3.0% $131 / Sq Ft
09/18/2014 09/18/14 Pending -- -- --
08/21/2014 08/21/14 For Sale $1,469,000 -- $135 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2014

    Ludwig Parsamian

    City Center Realty Group

  • M

    Buyer's Agent in 2014

    Mike Iryami

    BRC Advisors- BH

    (310) 753-8153

    3 in this area

    52 Total Sales

    Mike Iryami
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: BB14180246

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Compton 90221

1214 S Atlantic Dr, Compton, CA

Not Listed for Sale

MultiFamily

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California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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