1316 S Atlantic Dr Compton, CA 90221
Estimated Value: $1,170,000 - $1,259,000
9
Beds
4
Baths
4,932
Sq Ft
$245/Sq Ft
Est. Value
Highlights
- 0.64 Acre Lot
- No HOA
- Laundry Room
About This Home
As of February 20215 Residential multifamily Apartment buildings with available parking . Some units have assigned parking. Need work but all units are rented and most are long term tenants.
Nice yard for bBQ with shade trees.
Located off Atlantic Avenue and near the 710 freeway. The sound of th freeway has little impact in regards to this property and location.
Cosmetic deferred maintenance is required.
Eller had certified MAI appraisal prior to listing of property.
All offers are "offer subject to inspection. DO NOT DISTURB TENANTS.
Last Agent to Sell the Property
Ruby Wool, Broker License #01025374 Listed on: 07/25/2020
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $17,370
Year Built
- Built in 1924
Lot Details
- 0.64 Acre Lot
- 1 Common Wall
- Density is up to 1 Unit/Acre
Home Design
- 4,932 Sq Ft Home
- Property Attached
Bedrooms and Bathrooms
- 9 Bedrooms
- 4 Bathrooms
Laundry
- Laundry Room
- Gas And Electric Dryer Hookup
Listing and Financial Details
- Tax Lot A
- Tax Tract Number 561
- Assessor Parcel Number 7301029003
Community Details
Overview
- No Home Owners Association
- 3 Buildings
- 4 Units
Building Details
- 4 Leased Units
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 4 Separate Water Meters
- Electric Expense $2,277
- Maintenance Expense $16,509
- Water Sewer Expense $5,619
- New Taxes Expense $12,500
- Operating Expense $34,628
- Gross Income $74,028
- Net Operating Income $39,400
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Nov 10, 2020
Sold by
Schmalried Dwight Wayne
Bought by
Liou Allen P and Liou Doris Chaochun
Total Days on Market
110
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
2.6%
Mortgage Type
Commercial
Purchase Details
Closed on
Nov 2, 2018
Sold by
Schmalried Durwood D and Schmalried Durwood Doyle
Bought by
Schmalried Dwight Wayne
Purchase Details
Closed on
May 6, 2005
Sold by
Schmalried Durwood D and Schmalried Revocable Living Tr
Bought by
Schmalried Durwood D and The Schmalried Living Trust
Similar Homes in Compton, CA
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Liou Allen P | $920,000 | First American Title | |
| Schmalried Durwood D | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Liou Allen P | $500,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/05/2021 02/05/21 | Sold | $920,000 | -3.1% | $187 / Sq Ft |
| 12/18/2020 12/18/20 | For Sale | $949,900 | 0.0% | $193 / Sq Ft |
| 11/12/2020 11/12/20 | Pending | -- | -- | -- |
| 10/26/2020 10/26/20 | Pending | -- | -- | -- |
| 10/17/2020 10/17/20 | Price Changed | $949,900 | -3.0% | $193 / Sq Ft |
| 10/05/2020 10/05/20 | Price Changed | $979,000 | -0.6% | $198 / Sq Ft |
| 08/27/2020 08/27/20 | Price Changed | $985,000 | -0.5% | $200 / Sq Ft |
| 07/27/2020 07/27/20 | Price Changed | $989,900 | +10.1% | $201 / Sq Ft |
| 07/25/2020 07/25/20 | For Sale | $899,000 | -- | $182 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $17,370 | $955,086 | $477,543 | $477,543 |
| 2023 | $17,176 | $936,360 | $468,180 | $468,180 |
| 2022 | $16,209 | $918,000 | $459,000 | $459,000 |
| 2021 | $3,618 | $111,340 | $46,856 | $64,484 |
| 2020 | $3,578 | $110,199 | $46,376 | $63,823 |
| 2019 | $3,546 | $108,039 | $45,467 | $62,572 |
| 2018 | $3,069 | $105,922 | $44,576 | $61,346 |
| 2016 | $2,894 | $101,811 | $42,846 | $58,965 |
| 2015 | $2,804 | $100,283 | $42,203 | $58,080 |
| 2014 | $2,799 | $98,320 | $41,377 | $56,943 |
Source: Public Records
Agents Affiliated with this Home
-
Ruby McCabe-Wool
Seller's Agent in 2021
Ruby McCabe-Wool
Ruby Wool, Broker
(562) 438-5516
1 in this area
7 Total Sales
-
Christian Milner
Buyer's Agent in 2021
Christian Milner
Christian Milner Realty Group
(310) 425-9838
1 in this area
9 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW20145568
APN: 7301-029-003
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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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