NOT LISTED FOR SALE

1316 S Atlantic Dr Compton, CA 90221

Estimated Value: $1,192,000 - $1,369,000

9 Beds
4 Baths
4,932 Sq Ft
$255/Sq Ft Est. Value

Last Sold February 05, 2021

Last sale price $920,000 $187 Per Sq Ft

Est. 37% increase in value since last sale

Current estimated payment $8,044/month

110 Days on Market

Highlights

  • 0.64 Acre Lot
  • No HOA
  • Laundry Room

About This Home

As of February 2021

5 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 McCabe-Wool

Ruby Wool, Broker License #01025374 Listed on: 07/25/2020

Last Buyer's Agent

Christian Milner

Christian Milner Realty Group License #02059572

Property Details

Home Type

  • Multi-Family

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

Property Details

Home Type

Multi-Family

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 5619.00
  • Zoning: COR3YY
  • Property Type: Residential Income
  • Parcel Number: 7301029003
  • Year Built: 1924
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 186.54

Exterior Features

  • Pool Private: No

Utilities

  • Utilities: Sewer Connected
  • Laundry: Yes
  • Electric: Electricity - On Property
  • Laundry Features: Gas & Electric Dryer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 27882.00
  • Lot Size Acres: 0.6401
  • Latitude Manual: 33.88551300

Multi Family

  • Electric Expense: 2277.00
  • Gross Income: 74028.00
  • Gross Scheduled Income: 74028.00
  • Lot Size Area: 27882.0000 Square Feet
  • Maintenance Expense: 16509.00
  • Net Operating Income: 39400.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 34638.00
  • Rent Control: No
  • Total Expenses: 34628.00

Tax Info

  • New Taxes Expense: 12500.00
  • Tax Census Tract: 5422.00
  • Tax Lot: A
  • Tax Tract Number: 561

Ownership History

Date Name Owned For Owner Type

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
Current Estimated Value
$1,259,000
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Schmalried Durwood D -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
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

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 $17,367 $974,186 $487,093 $487,093
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

    5 Total Sales

    Ruby McCabe-Wool
    Section Image
  • Christian Milner

    Buyer's Agent in 2021

    Christian Milner

    Christian Milner Realty Group

    (310) 425-9838

    1 in this area

    7 Total Sales

    Christian Milner
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW20145568

California Regional Multiple Listing Service (CRMLS)

APN: 7301-029-003

California Los Angeles County Compton 90221

1316 S Atlantic Dr, Compton, CA

Not Listed for Sale

MultiFamily

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