NOT LISTED FOR SALE

1400 S Wilmington Ave Compton, CA 90220

Estimated Value: $751,482 - $935,000

7 Beds
3 Baths
2,595 Sq Ft
$322/Sq Ft Est. Value

Last Sold July 10, 2014

Last sale price $405,000 $156 Per Sq Ft

Est. 106% increase in value since last sale

Current estimated payment $5,273/month

8 Days on Market

Highlights

  • Open Floorplan
  • No HOA
  • Living Room
  • Private Yard
  • Cooling Available
  • 5-minute walk to Greenleaf Parkway

About This Home

As of July 2014

Amazing opportunity for first time buyers or investors looking for cash flow. This 3 unit property offers a family to live in one home and rent the other two units and have the mortgage pay for itself. Front and middle units are 2 bedrooms, 1 bathroom each and back unit is 3 bedrooms, 1 bathroom with a cozy private backyard. All units offer clean laminate wood flooring and carpet in all the bedrooms. The exterior and interior has been freshly painted and the home is in great condition and well taken care of. There is a 4 car parking space and a single and double car garage. Come see these lovely units and make them yours today.

Last Agent to Sell the Property

Edgar Cuevas

CENTURY 21 MASTERS License #01360241 Listed on: 06/02/2014

CENTURY 21 MASTERS

Last Buyer's Agent

Mona Bottros

Reaz Realty License #01472751

Reaz Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1955

Lot Details

  • 6,914 Sq Ft Lot
  • No Common Walls
  • Private Yard
  • Lawn
  • Back and Front Yard

Parking

  • 3 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Entry on the 1st floor
  • Partial Copper Plumbing

Interior Spaces

  • 2,595 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Blinds
  • Living Room

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 3 Bathrooms

Utilities

  • Cooling Available
  • Wall Furnace

Additional Features

  • Exterior Lighting
  • Suburban Location

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 180
  • Tax Tract Number 1473
  • Assessor Parcel Number 6162004023

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Recreation

  • Horse Trails

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $870
  • Trash Expense $80
  • Water Sewer Expense $100
  • Gross Income $3,250
  • Net Operating Income $35,710

Property Details

Home Type

Multi-Family

Year Built

Built in 1955

Lot Details

6,914 Sq Ft Lot

Parking

3

Listing Details

  • Assessments: No
  • Property Attached: No
  • Water Sewer Expenses: 100.00
  • Property Type: Residential Income
  • Parcel Number: 6162004023
  • Year Built: 1955
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Open Floorplan, Copper Plumbing Partial
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Laminate, Carpet
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 156.07
  • Room Type: Living Room
  • Window Features: Blinds

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Heating Type: Wall Furnace
  • Trash Expense: 80.00
  • Water Source: Public
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Horse Trails, Sidewalks, Street Lights, Storm Drains, Suburban

Lot Info

  • Lot Features: Back Yard, Front Yard, Lawn, Lot 6500-9999, Walkstreet, Yard
  • Lot Size Sq Ft: 6914.00
  • Lot Size Acres: 0.1590

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Income: 3250.00
  • Gross Scheduled Income: 39000.00
  • Insurance Expense: 870.00
  • Lot Size Area: 6914.0000 Square Feet
  • Net Operating Income: 35710.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 274.00
  • Rent Control: No
  • Total Actual Rent: 3250.00

Tax Info

  • Tax Lot: 180
  • Tax Tract Number: 1473

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 2, 2014
Closed on
Jun 18, 2014
Sold by
Cuevas Giovanny
Bought by
Villegas Uriel and Villegas Rosalba
Seller's Agent
Edgar Cuevas
CENTURY 21 MASTERS
Buyer's Agent
Mona Bottros
Reaz Realty
List Price
$399,000
Sold Price
$405,000
Premium/Discount to List
$6,000
1.5%
Current Estimated Value
$835,121

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$430,121
Avg. Annual Appreciation
6.36%

Purchase Details

Closed on
Feb 5, 2014
Sold by
Cuevas Edgar
Bought by
Cuevas Giovanny

Purchase Details

Closed on
Jan 28, 2011
Sold by
Cuevas Giovanny
Bought by
Cuevas Edgar

Purchase Details

Closed on
Aug 16, 2010
Sold by
Olmos Vicente Macias
Bought by
Cuevas Giovanny

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$236,811
Interest Rate
4.25%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 1, 2005
Sold by
Hernandez Manuel
Bought by
Olmos Vicente Macias and Silva Maria L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$424,000
Interest Rate
5.91%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 5, 2004
Sold by
Neuhauser Rachel
Bought by
Hernandez Manuel and Hernandez Irene

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$356,150
Interest Rate
6.65%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 19, 2004
Sold by
Maxnord Llc
Bought by
Neuhauber Rachel

Purchase Details

Closed on
Jun 24, 2003
Sold by
Neuhauser Rachel
Bought by
Maxnord Llc

Purchase Details

Closed on
Apr 9, 2003
Sold by
Neuhauser Daniel
Bought by
Neuhauser Rachel

Purchase Details

Closed on
Jan 16, 2003
Sold by
On Star Investment Inc
Bought by
Neuhauser Rachel

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
7.5%

Purchase Details

Closed on
Nov 5, 2002
Sold by
Countrywide Home Loans Inc
Bought by
On Star Investments Inc

Purchase Details

Closed on
Jan 30, 2002
Sold by
Olivas Gabriela
Bought by
Countrywide Home Loans Inc

Purchase Details

Closed on
Sep 13, 2000
Sold by
Ciros Development
Bought by
Olivas Gabriela

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$247,956
Interest Rate
8.11%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 24, 2000
Sold by
Demartini William Juliano
Bought by
Ciros Development

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$247,956
Interest Rate
8.11%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 17, 2000
Sold by
Bourne Rodman D
Bought by
Demartini William Juliano

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$247,956
Interest Rate
8.11%
Mortgage Type
FHA
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Villegas Uriel $405,000 Chicago Title Company
Cuevas Giovanny -- None Available
Cuevas Edgar -- Investors Title Company
Cuevas Giovanny $240,000 Investors Title Company
Olmos Vicente Macias $530,000 Southland Title
Hernandez Manuel $419,000 Diversified Title & Escrow S
Neuhauser Rachel -- Diversified Title & Escrow S
Neuhauber Rachel -- --
Maxnord Llc -- --
Neuhauser Rachel -- Landsafe Title
Neuhauser Rachel $260,000 Landsafe Title
On Star Investments Inc $193,000 Landsafe Title
Countrywide Home Loans Inc $268,330 Landsafe Title
Olivas Gabriela $250,000 Investors Title Company
Ciros Development -- Investors Title Company
Demartini William Juliano $160,000 United Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Cuevas Giovanny $236,811
Previous Owner Olmos Vicente Macias $424,000
Previous Owner Hernandez Manuel $356,150
Previous Owner Neuhauser Rachel $208,000
Previous Owner Olivas Gabriela $247,956
Previous Owner Demartini William Juliano $120,000
Closed Neuhauser Rachel $26,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/10/2014 07/10/14 Sold $405,000 +1.5% $156 / Sq Ft
06/10/2014 06/10/14 Pending -- -- --
06/02/2014 06/02/14 For Sale $399,000 -- $154 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $9,729 $486,737 $180,271 $306,466
2024 $9,729 $477,194 $176,737 $300,457
2023 $9,581 $467,838 $173,272 $294,566
2022 $8,100 $458,666 $169,875 $288,791
2021 $8,172 $449,674 $166,545 $283,129
2019 $7,937 $436,338 $161,606 $274,732
2018 $7,707 $427,784 $158,438 $269,346
2016 $7,321 $411,175 $152,287 $258,888
2015 $6,997 $405,000 $150,000 $255,000
2014 $5,474 $313,536 $125,414 $188,122
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: MB14114651

California Regional Multiple Listing Service (CRMLS)

APN: 6162-004-023

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