NOT LISTED FOR SALE

1408 S Wilmington Ave Compton, CA 90220

Compton Area

Estimated Value: $841,000 - $964,091

7 Beds
3 Baths
2,595 Sq Ft
$348/Sq Ft Est. Value

Sale Details

Date Sold: August 10, 2022

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

Est. 6% increase in value since last sale

Current estimated payment $6,213 / mo

38 Days on Market

Highlights

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

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

Coldwell Banker Envision License #01877896

Coldwell Banker Envision

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 in unit
  • 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

6,215 Sq Ft Lot

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 29, 2022
Closed on
Aug 12, 2022
Sold by
Bought by
Seller's Agent
Lorraine Lewis
Bridgegap Real Estate
Buyer's Agent
Guadalupe Cano
Coldwell Banker Envision
List Price
$899,999
Sold Price
$850,000
Premium/Discount to List
-$49,999
-5.56%
Views
3
Current Estimated Value
$904,023

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$54,023
Avg. Annual Appreciation
1.58%
Original Mortgage
$826,210
Interest Rate
0.0488%
Mortgage Type
FHA

Purchase Details

Listed on
Apr 29, 2022
Closed on
Jul 22, 2022
Sold by
Bought by
Seller's Agent
Lorraine Lewis
Bridgegap Real Estate
Buyer's Agent
Guadalupe Cano
Coldwell Banker Envision
List Price
$899,999
Sold Price
$850,000
Premium/Discount to List
-$49,999
-5.56%
Views
3

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
Interest Rate
0.0488%
Mortgage Type
FHA

Purchase Details

Listed on
Jun 13, 2019
Closed on
Oct 16, 2019
Sold by
Bought by
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- Accommodation/Courtesy Recordi
$850,000 Fidelity National Title
$420,500 Fidelity National Title
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $15,975 $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

    5 Total Sales

    Lorraine Lewis
    Section Image

  • G

    Buyer's Agent in 2022

    Guadalupe Cano

    Coldwell Banker Envision

    (310) 850-9764

    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

    263 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

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) 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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