NOT LISTED FOR SALE

1408 S Wilmington Ave Compton, CA 90220

Estimated Value: $912,000 - $1,052,000

7 Beds
3 Baths
2,595 Sq Ft
$381/Sq Ft Est. Value

Last Sold August 10, 2022

Last sale price $850,000 $328 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $6,484/month

38 Days on Market

Highlights

  • City Lights View
  • Tile Flooring
  • 4-minute walk to Greenleaf Parkway
  • Laundry Room

About This Home

As of August 2022

Great Income property !! This 3 unit property offers two 2 bedroom, 1bathroom units and one 3 bedroom 1 bathroom, All units have been completely upgraded Each unit has its own laundry hook ups, Electric and Gas meters and 1 car garage. Close to freeways and shopping. This property is perfect for a first time buyer or a seasoned investor. Drive buy only Please do not disturb tenants.

Last Agent to Sell the Property

Lorraine Lewis

Bridgegap Real Estate License #01987406 Listed on: 04/29/2022

Last Buyer's Agent

Guadalupe Cano

Realty One Group United License #01877896

Realty One Group United

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1955

Lot Details

  • 6,215 Sq Ft Lot
  • Two or More Common Walls
  • Density is 2-5 Units/Acre

Parking

  • 3 Car Garage

Home Design

  • Triplex

Interior Spaces

  • 2,595 Sq Ft Home
  • Tile Flooring
  • City Lights Views

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Gas And Electric Dryer Hookup

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tenant pays for all utilities, gas, trash collection
  • Tax Lot 180
  • Tax Tract Number 1473
  • Assessor Parcel Number 6162004025
  • $810 per year additional tax assessments

Community Details

Overview

  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,718
  • Water Sewer Expense $3,000
  • New Taxes Expense $7,672
  • Operating Expense $12,390
  • Gross Income $75,672
  • Net Operating Income $63,282

Property Details

Home Type

Multi-Family

Year Built

Built in 1955

Lot Details

0

Parking

3

Listing Details

  • Property Attached: Yes
  • View: Yes
  • Water Sewer Expenses: 3000.00
  • Zoning: COR3YY
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 6162004025
  • Year Built: 1955
  • Special Features: None

Interior Features

  • Common Walls: 2+ Common Walls
  • Flooring: Tile
  • Levels: One
  • Price Per Square Foot: 327.55

Exterior Features

  • View: City Lights
  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Laundry: Yes
  • Laundry Features: Electric Dryer Hookup, Gas & Electric Dryer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 6215.00
  • Lot Size Acres: 0.1427

Rental Info

  • Tenant Pays: All Utilities, Gas, Trash Collection

Multi Family

  • Gross Income: 75672.00
  • Gross Operating Income: 75672.00
  • Gross Scheduled Income: 75672.00
  • Insurance Expense: 1718.00
  • Lot Size Area: 6215.0000 Square Feet
  • Net Operating Income: 63282.00
  • 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: 12390.00
  • Rent Control: No
  • Total Actual Rent: 76692.00
  • Total Expenses: 12390.00

Tax Info

  • New Taxes Expense: 7672.00
  • Tax Census Tract: 5432.01
  • Tax Lot: 180
  • Tax Tract Number: 1473
  • TaxOtherAnnualAssessmentAmount: 810.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 29, 2022
Closed on
Aug 12, 2022
Sold by
Lamar Edison Jr
Bought by
Ghe Rentals Llc
Seller's Agent
Lorraine Lewis
Bridgegap Real Estate
Buyer's Agent
Guadalupe Cano
Realty One Group United
List Price
$899,999
Sold Price
$850,000
Premium/Discount to List
-$49,999
-5.56%
Views
9
Current Estimated Value
$988,517

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$138,517
Avg. Annual Appreciation
4.57%
Original Mortgage
$826,210
Outstanding Balance
$784,593
Interest Rate
4.88%
Mortgage Type
FHA
Estimated Equity
$203,924

Purchase Details

Listed on
Apr 29, 2022
Closed on
Jul 22, 2022
Sold by
Alexander And Sons Investments Llc
Bought by
Edison Lamar
Seller's Agent
Lorraine Lewis
Bridgegap Real Estate
Buyer's Agent
Guadalupe Cano
Realty One Group United
List Price
$899,999
Sold Price
$850,000
Premium/Discount to List
-$49,999
-5.56%
Views
9

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$826,210
Outstanding Balance
$784,593
Interest Rate
4.88%
Mortgage Type
FHA
Estimated Equity
$203,924

Purchase Details

Listed on
Jun 13, 2019
Closed on
Oct 16, 2019
Sold by
Enriquez L Michael
Bought by
Alexander And Sons Investments Llc
Seller's Agent
Rhett Richar Winchell
Kennedy Wilson Auction Group
List Price
$285,000
Sold Price
$420,500
Premium/Discount to List
$135,500
47.54%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
28.46%
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
Ghe Rentals Llc -- Accommodation/Courtesy Recordi
Edison Lamar $850,000 Fidelity National Title
Alexander And Sons Investments Llc $420,500 Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Edison Lamar $826,210
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/10/2022 08/10/22 Sold $850,000 -5.6% $328 / Sq Ft
08/02/2022 08/02/22 Price Changed $899,999 0.0% $347 / Sq Ft
08/02/2022 08/02/22 For Sale $899,999 0.0% $347 / Sq Ft
04/29/2022 04/29/22 For Sale $899,999 +114.0% $347 / Sq Ft
10/18/2019 10/18/19 Sold $420,500 0.0% $162 / Sq Ft View Prior Sale
07/08/2019 07/08/19 Price Changed $420,500 +0.1% $162 / Sq Ft
07/01/2019 07/01/19 Price Changed $420,000 +47.4% $162 / Sq Ft
06/29/2019 06/29/19 Pending -- -- --
06/13/2019 06/13/19 For Sale $285,000 -- $110 / 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 $15,838 $884,340 $520,200 $364,140
2024 $15,838 $867,000 $510,000 $357,000
2023 $15,613 $850,000 $500,000 $350,000
2022 $7,605 $433,352 $227,239 $206,113
2021 $7,672 $424,856 $222,784 $202,072
2019 $1,450 $47,421 $11,184 $36,237
2018 $1,342 $46,492 $10,965 $35,527
2016 $1,254 $44,689 $10,540 $34,149
2015 $1,214 $44,019 $10,382 $33,637
2014 $1,215 $43,158 $10,179 $32,979
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2022

    Lorraine Lewis

    Bridgegap Real Estate

    (562) 927-2626

    1 in this area

    5 Total Sales

    Lorraine Lewis
    Section Image

  • G

    Buyer's Agent in 2022

    Guadalupe Cano

    Realty One Group United

    (310) 850-9764

    2 in this area

    22 Total Sales

    Guadalupe Cano
    Section Image

  • R

    Seller's Agent in 2019

    Rhett Richar Winchell

    Kennedy Wilson Auction Group

  • Shannon Hayon

    Seller Co-Listing Agent in 2019

    Shannon Hayon

    NDA Inc

    (818) 926-6121

    2 in this area

    299 Total Sales

    Shannon Hayon
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW22083442

California Regional Multiple Listing Service (CRMLS)

APN: 6162-004-025

California Los Angeles County Compton 90220

1408 S Wilmington Ave, Compton, CA

Not Listed for Sale

MultiFamily

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