NOT LISTED FOR SALE

Estimated Value: $814,768 - $971,000

8 Beds
4 Baths
2,322 Sq Ft
$386/Sq Ft Est. Value

Last Sold May 28, 2020

Last sale price $643,000 $277 Per Sq Ft

Est. 39% increase in value since last sale

Current estimated payment $5,802/month

10 Days on Market

Highlights

  • Corner Lot
  • Laundry Room
  • 4-minute walk to Sibrie Park
  • Compton Early College Rated 10
  • 3 Car Garage

About This Home

As of May 2020

Large Compton Duplex! Each unit is four bedrooms and two bathrooms with in unit laundry. The property has a large fenced yard that is mostly concrete and can accommodate roughly 8 vehicles. The property also has a detached garage that can used for parking or storage. Units have separate electrical meters and share one water meter. The units are in move in condition allowing an investor upside through the lease up. The property is located within a half mile of King/Drew Medical Magnet High School & Martin Luther King Jr. Community Hospital.

Last Listed By

Matthew Hopkins

Citivest Inc License #01819074 Listed on: 02/28/2020

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,508

Year Built

  • Built in 2006

Lot Details

  • 7,540 Sq Ft Lot
  • No Common Walls
  • Corner Lot

Parking

  • 3 Car Garage
  • Parking Available
  • Shared Driveway

Home Design

  • 2,322 Sq Ft Home

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 540800
  • Assessor Parcel Number 6147018014

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Insurance Expense $3,000
  • Trash Expense $1,500
  • Water Sewer Expense $1,500
  • New Taxes Expense $6,700
  • Operating Expense $12,700
  • Gross Income $67,200
  • Net Operating Income $58,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,508

Year Built

Built in 2006

Lot Details

0

Parking

3

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 1500.00
  • Zoning: LCR1
  • Property Type: Residential Income
  • Parcel Number: 6147018014
  • Year Built: 2006
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 276.92

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Garage, Shared Driveway
  • Total Parking Spaces: 3.00

Utilities

  • Laundry: Yes
  • Laundry Features: Individual Room
  • Sewer: Public Sewer
  • Trash Expense: 1500.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot
  • Lot Size Sq Ft: 7540.00
  • Lot Size Acres: 0.1731

Multi Family

  • Gross Income: 67200.00
  • Gross Scheduled Income: 67200.00
  • Insurance Expense: 3000.00
  • Lot Size Area: 7540.0000 Square Feet
  • Net Operating Income: 58200.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 12700.00
  • Rent Control: No
  • Total Expenses: 12700.00

Tax Info

  • New Taxes Expense: 6700.00
  • Tax Census Tract: 5408.00
  • Tax Lot: 1
  • Tax Tract Number: 540800

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 28, 2020
Closed on
May 19, 2020
Sold by
Rbc 2 Properties Llc
Bought by
Moreno Erik
Seller's Agent
Matthew Hopkins
Citivest Inc
Buyer's Agent
Shirley Martinez
Shirley Martinez, Broker
List Price
$599,900
Sold Price
$643,000
Premium/Discount to List
$43,100
7.18%
Total Days on Market
10
Current Estimated Value
$895,192

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$252,192
Avg. Annual Appreciation
6.72%
Original Mortgage
$482,250
Interest Rate
3.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 10, 2019
Sold by
2005 Residential Trust 3 2
Bought by
Irbc2 Properties Llc

Purchase Details

Closed on
Mar 20, 2019
Sold by
Contreras Griselda M
Bought by
2005 Residential Trust 3 2

Purchase Details

Closed on
Dec 1, 2011
Sold by
Juarez Lesvia Y
Bought by
Contreras Mario and Contreras Griselda M

Purchase Details

Closed on
Nov 8, 2008
Sold by
Contreras Griselda M
Bought by
Contreras Mario

Purchase Details

Closed on
Oct 14, 2008
Sold by
Planter Trends Inc
Bought by
L A County Flood Control District

Purchase Details

Closed on
Feb 8, 2007
Sold by
First Pacific Partners Llc
Bought by
Contreras Griselda M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$520,000
Interest Rate
6.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 6, 2007
Sold by
Residential Investments Llc
Bought by
First Pacific Partners Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$520,000
Interest Rate
6.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 30, 2001
Sold by
Smith Julian M and Smith Julian
Bought by
Residential Investments

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,000
Interest Rate
6.91%

Range of Values:

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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
Moreno Erik $643,000 Fidelity National Title Co
Irbc2 Properties Llc -- None Available
2005 Residential Trust 3 2 $290,114 Accommodation
Contreras Mario -- None Available
Contreras Mario -- None Available
L A County Flood Control District $558 None Available
Contreras Griselda M $650,000 Southland Title
First Pacific Partners Llc -- Southland Title
Residential Investments $175,000 Southland Title Corporation
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Moreno Erik $560,000
Closed Moreno Erik $482,250
Previous Owner Contreras Griselda M $520,000
Previous Owner First Pacific Partners Llc $130,000
Previous Owner Residential Investments Llc $185,000
Previous Owner Residential Investments Llc $175,000
Previous Owner Residential Investments $175,000
Previous Owner Smith Julian $116,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/28/2020 05/28/20 Sold $643,000 +7.2% $277 / Sq Ft
03/09/2020 03/09/20 Pending -- -- --
02/28/2020 02/28/20 For Sale $599,900 -- $258 / 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
2024 $9,508 $689,422 $214,439 $474,983
2023 $9,221 $675,905 $210,235 $465,670
2022 $8,578 $662,653 $206,113 $456,540
2021 $8,749 $649,661 $202,072 $447,589
2020 $8,449 $632,400 $306,000 $326,400
2019 $8,367 $626,000 $385,000 $241,000
2018 $6,785 $500,000 $340,900 $159,100
2016 $5,960 $440,000 $300,000 $140,000
2015 $5,722 $440,000 $300,000 $140,000
2014 $5,222 $395,000 $206,900 $188,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW20043279

California Regional Multiple Listing Service (CRMLS)

APN: 6147-018-014