NOT LISTED FOR SALE

1308 N Aranbe Ave Compton, CA 90222

Estimated Value: $749,000 - $923,000

4 Beds
2 Baths
1,890 Sq Ft
$434/Sq Ft Est. Value

Last Sold September 16, 2022

Last sale price $765,000 $405 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $5,670/month

74 Days on Market

Highlights

  • City Lights View
  • Traditional Architecture
  • Granite Countertops
  • Open Floorplan
  • Corner Lot
  • Private Yard

About This Home

As of September 2022

Major price reduction for a quick sale!!

Back on the market as of 07/25

Beautiful, beautiful money making units. 2 separate detached homes that consist of a large 2 beds 1 bath and a smaller 2 bed 1 bath.
Each of the units have been extensively rehab from top to bottom with new kitchens, new bathroom, new flooring, new windows and much much more.
The bigger unit has a spacious 2 car attached garage in which already been approved to potentially be converted to be a future ADU.
The smaller unit has a 1 car attached garage plus parking.
These units feel more like 2 homes in 1 lot since they are separated and private from one another.
Location is ideal and close to pretty much everything. The HUB center of Los Angeles county!
Must see property, your clients will fall in love with these homes.

Last Agent to Sell the Property

Mirna Martinez

ROA California Inc. License #01773121 Listed on: 06/02/2022

Last Buyer's Agent

Eduardo Preciado

Real Estate Ebroker Inc License #01725805

Real Estate Ebroker Inc

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,175

Year Built

  • Built in 1923 | Remodeled

Lot Details

  • 5,001 Sq Ft Lot
  • No Common Walls
  • Wrought Iron Fence
  • Corner Lot
  • Private Yard
  • Front Yard

Parking

  • 2 Open Parking Spaces
  • 3 Car Garage

Home Design

  • Traditional Architecture
  • Turnkey
  • Slab Foundation
  • Composition Roof
  • Stucco

Interior Spaces

  • 1,890 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Wired For Sound
  • Ceiling Fan
  • Recessed Lighting
  • Window Screens
  • Insulated Doors
  • Family Room
  • Living Room
  • Storage
  • Laminate Flooring
  • City Lights Views

Kitchen

  • Range Hood
  • Granite Countertops
  • Trash Compactor
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Home Security

  • Security Lights
  • Alarm System
  • Carbon Monoxide Detectors
  • Termite Clearance

Accessible Home Design

  • No Interior Steps
  • Accessible Parking

Eco-Friendly Details

  • Energy-Efficient Windows
  • Energy-Efficient Lighting
  • Energy-Efficient Doors

Outdoor Features

  • Exterior Lighting

Utilities

  • Whole House Fan
  • Wall Furnace
  • Sewer Paid

Listing and Financial Details

  • Legal Lot and Block 2 / H
  • Tax Tract Number 4469
  • Assessor Parcel Number 6153017001
  • $679 per year additional tax assessments

Community Details

Overview

  • 4 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Electric Expense $600
  • Insurance Expense $600
  • Trash Expense $600
  • Water Sewer Expense $600
  • Operating Expense $2,400
  • Gross Income $68,400
  • Net Operating Income $68,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,175

Year Built

Built in 1923 | Remodeled

Lot Details

0

Parking

3

Listing Details

  • Price Per Unit: 392500
  • Property Attached: No
  • Security: Carbon Monoxide Detector(s), Security Lights, Wired for Alarm System
  • View: Yes
  • Water Sewer Expenses: 600.00
  • Zoning: CORM*
  • Architectural Style: Traditional
  • Property Condition: Termite Clearance, Turnkey, Updated/Remodeled
  • Property Type: Residential Income
  • Parcel Number: 6153017001
  • Year Built: 1923
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Ceiling Fan(s), Granite Counters, Open Floorplan, Recessed Lighting, Storage, Wired for Sound
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Laminate
  • Accessibility Features: No Interior Steps, Parking
  • Appliances: Yes
  • Door Features: Insulated Doors
  • Levels: One
  • Price Per Square Foot: 404.76
  • Room Type: Family Room, Kitchen, Living Room
  • Window Features: Screens

Exterior Features

  • Foundation: Slab
  • Exterior Features: Lighting
  • View: City Lights
  • Fence: Yes
  • Fencing: Wrought Iron
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 5.00
  • Uncovered Spaces: 2.00

Utilities

  • Utilities: Electricity Available, Natural Gas Available, Sewer Available, Water Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Disposal, Range Hood, Trash Compactor
  • Electric: Electricity - On Property
  • Heating Type: Wall Furnace
  • Laundry Features: In Garage
  • Sewer: Sewer Paid
  • Trash Expense: 600.00
  • Water Source: Public
  • Cooling: Whole House Fan
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Green Features

  • Efficiency: Doors, Lighting, Windows

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot, Front Yard, Walkstreet, Yard
  • Lot Size Sq Ft: 5001.00
  • Lot Size Acres: 0.1148

Multi Family

  • Electric Expense: 600.00
  • Gross Income: 68400.00
  • Gross Scheduled Income: 70800.00
  • Insurance Expense: 600.00
  • Lot Size Area: 5001.0000 Square Feet
  • Net Operating Income: 68400.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Operating Expense: 2400.00
  • Rent Control: No
  • Total Expenses: 2400.00

Tax Info

  • Tax Block: H
  • Tax Census Tract: 5426.01
  • Tax Lot: 2
  • Tax Tract Number: 4469
  • TaxOtherAnnualAssessmentAmount: 679.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 2, 2022
Closed on
Sep 13, 2022
Sold by
Mgm Property Investments Inc
Bought by
Gutierrez Omar and Sandoval Maria Francisca
Seller's Agent
Mirna Martinez
ROA California Inc.
Buyer's Agent
Eduardo Preciado
Real Estate Ebroker Inc
List Price
$799,000
Sold Price
$765,000
Premium/Discount to List
-$34,000
-4.26%
Views
39
Current Estimated Value
$819,790

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$54,790
Avg. Annual Appreciation
2.41%
Original Mortgage
$573,750
Outstanding Balance
$548,582
Interest Rate
4.99%
Mortgage Type
Balloon
Estimated Equity
$271,208

Purchase Details

Listed on
Feb 16, 2022
Closed on
Mar 9, 2022
Sold by
Kapitel Llc
Bought by
Mgm Property Investments Inc
Seller's Agent
Adrian Cafuentes
PAK Home Realty
Buyer's Agent
Adrian Cafuentes
PAK Home Realty
List Price
$699,000
Sold Price
$615,000
Premium/Discount to List
-$84,000
-12.02%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
54.73%
Original Mortgage
$522,000
Interest Rate
3.92%
Mortgage Type
Construction

Purchase Details

Listed on
Feb 16, 2022
Closed on
Jan 25, 2022
Sold by
Marco Tovar
Bought by
Kapitel Llc
Seller's Agent
Adrian Cafuentes
PAK Home Realty
Buyer's Agent
Adrian Cafuentes
PAK Home Realty
List Price
$699,000
Sold Price
$615,000
Premium/Discount to List
-$84,000
-12.02%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$522,000
Interest Rate
3.92%
Mortgage Type
Construction

Purchase Details

Closed on
Mar 15, 2021
Sold by
Romero Carlos and Romero Yessika M
Bought by
Tovar Marco

Purchase Details

Closed on
Aug 7, 2018
Sold by
Romero Carlos and Munguia Dulce
Bought by
Romero Carlos and Romero Yessika M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 31, 2006
Sold by
Tovar Marco T
Bought by
Romero Carlos and Munguia Dulce

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$420,000
Interest Rate
1.5%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Dec 16, 2004
Sold by
Villatoro Eva
Bought by
Romero Carlos and Munguia Dulce

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$284,000
Interest Rate
7.4%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 5, 2004
Sold by
Beltran Sergio
Bought by
Villatoro Eva

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$208,000
Interest Rate
6.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 7, 2000
Sold by
Shelter First Inc
Bought by
Villatoro Eva and Beltran Sergio

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$143,910
Interest Rate
11.1%

Purchase Details

Closed on
May 5, 2000
Sold by
Hud
Bought by
Shelter First Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$97,200
Interest Rate
8.08%

Purchase Details

Closed on
Nov 3, 1999
Sold by
Chase Manhattan Mtg Corp
Bought by
Hud

Purchase Details

Closed on
Nov 25, 1998
Sold by
Mendez Octavio C and Mendez Lucia A
Bought by
Chase Manhattan Mtg Corp

Purchase Details

Closed on
Jul 3, 1997
Sold by
Billones Edwin
Bought by
Mendez Octavio C and Mendez Lucia A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$170,757
Interest Rate
7.93%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 21, 1997
Sold by
Billones Charity
Bought by
Billones Edwin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$99,000
Interest Rate
7.86%

Purchase Details

Closed on
Apr 1, 1997
Sold by
Home Svgs Of America Fsb
Bought by
Billones Edwin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$99,000
Interest Rate
7.86%

Purchase Details

Closed on
Jan 15, 1997
Sold by
Rivas Marcial and Home Svgs Of America Fsb
Bought by
Home Svgs Of America Fsb
Source: Public Records

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
Gutierrez Omar $765,000 New Title Company Name
Mgm Property Investments Inc $615,000 Orange Coast Title
Kapitel Llc $500,000 Orange Coast Title
Tovar Marco -- Usa National Title Co
Romero Carlos -- North American Title
Romero Carlos -- None Available
Tovar Marco T -- Fidelity Van Nuys
Romero Carlos $355,000 Lawyers Title
Villatoro Eva -- Fidelity Long Beach
Villatoro Eva $170,000 Provident Title Company
Shelter First Inc $109,500 --
Hud -- Fidelity National Title Ins
Chase Manhattan Mtg Corp $183,413 Fidelity National Title Ins
Mendez Octavio C $175,000 Investors Title
Billones Edwin -- Investors Title Company
Billones Edwin $95,000 Investors Title Company
Home Svgs Of America Fsb $111,700 Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gutierrez Omar $573,750
Previous Owner Mgm Property Investments Inc $522,000
Previous Owner Kapitel Llc $460,000
Previous Owner Romero Carlos $300,000
Previous Owner Tovar Marco T $420,000
Previous Owner Tovar Marco T $52,500
Previous Owner Romero Carlos $284,000
Previous Owner Villatoro Eva $208,000
Previous Owner Villatoro Eva $143,910
Previous Owner Shelter First Inc $97,200
Previous Owner Mendez Octavio C $170,757
Previous Owner Billones Edwin $99,000
Closed Villatoro Eva $7,995
Closed Romero Carlos $71,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/16/2022 09/16/22 Sold $765,000 -2.5% $405 / Sq Ft
08/15/2022 08/15/22 Pending -- -- --
08/01/2022 08/01/22 Price Changed $785,000 -0.6% $415 / Sq Ft
07/30/2022 07/30/22 Price Changed $790,000 -0.6% $418 / Sq Ft
07/08/2022 07/08/22 Price Changed $795,000 -0.5% $421 / Sq Ft
06/28/2022 06/28/22 For Sale $799,000 0.0% $423 / Sq Ft
06/28/2022 06/28/22 Pending -- -- --
06/15/2022 06/15/22 For Sale $799,000 0.0% $423 / Sq Ft
06/14/2022 06/14/22 Price Changed $799,000 0.0% $423 / Sq Ft
06/09/2022 06/09/22 Pending -- -- --
06/02/2022 06/02/22 For Sale $799,000 +29.9% $423 / Sq Ft
03/16/2022 03/16/22 Sold $615,000 -5.2% $356 / Sq Ft
03/02/2022 03/02/22 Pending -- -- --
02/21/2022 02/21/22 Price Changed $649,000 -7.2% $376 / Sq Ft
02/16/2022 02/16/22 For Sale $699,000 +39.8% $405 / Sq Ft
01/28/2022 01/28/22 Sold $500,000 -14.5% $289 / Sq Ft
11/15/2021 11/15/21 Price Changed $585,000 0.0% $339 / Sq Ft
06/10/2021 06/10/21 For Sale $585,000 -- $339 / Sq Ft
06/09/2021 06/09/21 Pending -- -- --
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 $14,175 $795,906 $520,200 $275,706
2024 $14,175 $780,300 $510,000 $270,300
2023 $13,864 $765,000 $500,000 $265,000
2022 $10,019 $596,700 $306,000 $290,700
2021 $7,754 $437,990 $231,877 $206,113
2020 $7,615 $433,500 $229,500 $204,000
2019 $7,528 $425,000 $225,000 $200,000
2018 $8,635 $498,228 $277,927 $220,301
2016 $8,213 $478,884 $267,136 $211,748
2015 $7,840 $471,692 $263,124 $208,568
2014 $7,688 $462,453 $257,970 $204,483
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW22118848

California Regional Multiple Listing Service (CRMLS)

APN: 6153-017-001