NOT LISTED FOR SALE

14640 S Atlantic Ave Compton, CA 90221

5 Beds
5 Baths
6,900 Sq Ft
0.33 Acres

Last Sold February 23, 2024

Last sale price $2,037,500 $295 Per Sq Ft

69 Days on Market

Highlights

  • Gated Community
  • Contemporary Architecture
  • Corner Lot
  • 0.33 Acre Lot
  • End Unit
  • No HOA

About This Home

As of February 2024

For Smart Savvy Investors, This is it! Corner located with easy access to the 710, 91, and 105 freeways, alley access with private garages. This investment property has been completely renovated with major capital improvements including a new roof. All units were completely re-plumbed, re-wired and electrically upgraded with new panels. All kitchens/counters and baths/showers were replaced and updated. New laminate flooring throughout. The property is professionally managed.

Last Agent to Sell the Property

Kirk Mulhearn

Mark 1 Real Estate Inc License #00886093 Listed on: 08/09/2023

Co-Listed By

Bruce Mulhearn

Mark 1 Real Estate, Inc. License #02200861

Last Buyer's Agent

Jaime Rodriguez

Big Blue House Real Estate License #01210390

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $29,835

Year Built

  • Built in 1956 | Remodeled

Lot Details

  • 0.33 Acre Lot
  • End Unit
  • Two or More Common Walls
  • Wood Fence
  • Corner Lot

Parking

  • 5 Car Garage
  • 10 Carport Spaces
  • Public Parking
  • Parking Available

Home Design

  • Contemporary Architecture
  • Apartment
  • Entry on the 1st floor
  • Slab Foundation
  • Asphalt Roof
  • Stucco

Interior Spaces

  • 6,900 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Double Pane Windows
  • ENERGY STAR Qualified Windows
  • Window Screens
  • Laminate Flooring
  • Gas Oven

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Bathrooms

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Outdoor Features

  • Rain Gutters

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Listing and Financial Details

  • Tax Lot 6
  • Tax Tract Number 10378
  • Assessor Parcel Number 6185007028

Community Details

Overview

  • No Home Owners Association
  • 10 Units

Building Details

  • Rent Control
  • 11 Separate Electric Meters
  • 11 Separate Gas Meters
  • 11 Separate Water Meters
  • Electric Expense $4,000
  • Fuel Expense $960
  • Gardener Expense $1,800
  • Insurance Expense $1,500
  • Professional Management Expense $10,890
  • Trash Expense $2,000
  • Water Sewer Expense $10,000
  • Operating Expense $31,150
  • Gross Income $2,400
  • Net Operating Income $150,281

Additional Features

  • Laundry Facilities
  • Gated Community

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$29,835

Year Built

Built in 1956 | Remodeled

Lot Details

0

Parking

5

Listing Details

  • Professional Management Expense: 10890.00
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Security: Gated Community
  • View: No
  • Water Sewer Expenses: 10000.00
  • Zoning: CORH*
  • Architectural Style: Contemporary
  • Property Condition: Updated/Remodeled
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 1800.00
  • Parcel Number: 6185007028
  • Year Built: 1956
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Ceiling Fan(s)
  • Stories: 1
  • Common Walls: 2+ Common Walls, End Unit
  • Flooring: Laminate
  • Appliances: Yes
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 295.29
  • Window Features: Double Pane Windows, ENERGY STAR Qualified Windows, Screens

Exterior Features

  • Foundation: Slab
  • Exterior Features: Rain Gutters
  • Fence: Yes
  • Fencing: Wood
  • Pool Private: No
  • Roof: Asphalt
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Carport Spaces: 10.00
  • Garage Spaces: 5.00
  • Parking: Yes
  • Parking Features: Garage, Public
  • Total Parking Spaces: 15.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Oven
  • Heating Type: Wall Furnace
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 2000.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot
  • Lot Size Sq Ft: 14388.00
  • Lot Size Acres: 0.3303

Multi Family

  • Average1 Bed Area: 670 Square Feet
  • Electric Expense: 4000.00
  • Fuel Expense: 960.00
  • Gross Income: 2400.00
  • Gross Operating Income: 211266.00
  • Gross Scheduled Income: 217800.00
  • Insurance Expense: 1500.00
  • Laundry Equipment Own Lease: Lease
  • Laundry Income: 2400.00
  • Lot Size Area: 14388.0000 Square Feet
  • Net Operating Income: 150281.00
  • Number Of Separate Electric Meters: 11
  • Number Of Separate Gas Meters: 11
  • Number Of Separate Water Meters: 11
  • Number Of Units Total: 10
  • Operating Expense: 60985.00
  • Rent Control: Yes
  • Total Expenses: 31150.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • Tax Census Tract: 5421.04
  • Tax Lot: 6
  • Tax Tract Number: 10378
  • Tax Annual Amount: 29835.00

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/23/2024 02/23/24 Sold $2,037,500 -13.3% $295 / Sq Ft
12/26/2023 12/26/23 Price Changed $2,349,000 0.0% $340 / Sq Ft
10/17/2023 10/17/23 Pending -- -- --
08/21/2023 08/21/23 Price Changed $2,349,000 -2.1% $340 / Sq Ft
08/09/2023 08/09/23 For Sale $2,399,000 -2.1% $348 / Sq Ft
10/15/2021 10/15/21 Sold $2,450,000 -2.0% $355 / Sq Ft View Prior Sale
08/09/2021 08/09/21 For Sale $2,498,888 +51.4% $362 / Sq Ft
09/24/2018 09/24/18 Sold $1,650,000 +3.1% $191 / Sq Ft View Prior Sale
07/20/2018 07/20/18 For Sale $1,600,000 +113.3% $185 / Sq Ft
02/01/2012 02/01/12 Sold $750,000 0.0% $87 / Sq Ft View Prior Sale
12/12/2011 12/12/11 Pending -- -- --
11/07/2011 11/07/11 For Sale $750,000 -- $87 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Kirk Mulhearn

    Seller's Agent in 2024

    Kirk Mulhearn

    Mark 1 Real Estate Inc

    (562) 965-0054

    1 in this area

    25 Total Sales

    Kirk Mulhearn
    Section Image

  • B

    Seller Co-Listing Agent in 2024

    Bruce Mulhearn

    Mark 1 Real Estate, Inc.

  • J

    Buyer's Agent in 2024

    Jaime Rodriguez

    Big Blue House Real Estate

    (213) 445-8719

    2 in this area

    44 Total Sales

    Jaime Rodriguez
    Section Image

  • I

    Seller's Agent in 2021

    Isaac Rosales

    Berkshire Hathaway Home Srvs

    Section Image

  • A

    Buyer's Agent in 2021

    Ari Gharib

    LFA Multifamily Inc.

    Section Image
  • Doug Rodermund

    Seller's Agent in 2018

    Doug Rodermund

    Morgan Skenderian

    (949) 295-8560

    8 in this area

    31 Total Sales

    Doug Rodermund
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: RS23136234

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Compton 90221

14640 S Atlantic Ave, Compton, CA

Not Listed for Sale

MultiFamily

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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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