NOT LISTED FOR SALE

1608 N Acacia Ave Compton, CA 90222

Estimated Value: $722,000 - $965,872

5 Beds
3 Baths
2,528 Sq Ft
$337/Sq Ft Est. Value

Last Sold December 08, 2022

Last sale price $600,000 $237 Per Sq Ft

Est. 42% increase in value since last sale

Current estimated payment $5,715/month

34 Days on Market

Highlights

  • Cooling System Mounted To A Wall/Window
  • Tile Flooring
  • Chain Link Fence
  • Laundry Room
  • 3 Car Garage
  • Wall Furnace

About This Home

As of December 2022

* Fantastic opportunity to own a two-unit property in a desirable area of Compton*The property consist of a front unit that features a 3 bedroom and 2 baths a large family room that opens to the kitchen*Back unit features a 2 bedroom and 2 baths. This unit reflects some updating on flooring and fresh paint in the kitchen and baths. Each unit has private patio and 2-garage with additional parking on the streets*Each property has it own meters*Great rental property! Perfect to live in one and rent the other. Close to schools, fwy , shopping*

Last Agent to Sell the Property

Cecilia Alvarez

RE/MAX TOP PRODUCERS License #01314339 Listed on: 09/01/2022

RE/MAX TOP PRODUCERS

Last Buyer's Agent

Mike Enriquez

Atlas Elm Realty License #02041748

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,600

Year Built

  • Built in 1926

Lot Details

  • 7,512 Sq Ft Lot
  • No Common Walls
  • Chain Link Fence
  • Front Yard

Parking

  • 3 Car Garage
  • Parking Available

Home Design

  • Duplex
  • Cosmetic Repairs Needed
  • Composition Roof

Interior Spaces

  • 2,528 Sq Ft Home
  • Tile Flooring
  • Gas Range

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Laundry Located Outside

Home Security

  • Window Bars
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Exterior Lighting

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Natural Gas Connected
  • Cable TV Available

Listing and Financial Details

  • Legal Lot and Block 6 / H
  • Assessor Parcel Number 6153023005
  • $753 per year additional tax assessments

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Trash Expense $1,200
  • Water Sewer Expense $1,200
  • Operating Expense $2,400
  • Gross Income $44,400
  • Net Operating Income $42,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,600

Year Built

Built in 1926

Lot Details

0

Parking

3

Listing Details

  • Price Per Unit: 399500
  • Property Attached: No
  • Road Surface Type: Maintained
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s), Window Bars
  • View: No
  • Water Sewer Expenses: 1200.00
  • Zoning: CORM*
  • Property Condition: Repairs Cosmetic
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 6153023005
  • Year Built: 1926
  • Special Features: None

Interior Features

  • Fireplace: No
  • Common Walls: No Common Walls
  • Flooring: Tile
  • Appliances: Yes
  • Price Per Square Foot: 237.34

Exterior Features

  • Fence: Yes
  • Fencing: Chain Link
  • Pool Private: No
  • Roof: Composition
  • Spa: No

Garage/Parking

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

Utilities

  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Range
  • Heating Type: Wall Furnace
  • Laundry Features: Outside
  • Sewer: Public Sewer
  • Trash Expense: 1200.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard
  • Lot Size Sq Ft: 7512.00
  • Lot Size Acres: 0.1725

Multi Family

  • Gross Income: 44400.00
  • Gross Scheduled Income: 44400.00
  • Lot Size Area: 7512.0000 Square Feet
  • Net Operating Income: 42000.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Number Wall A C: 2
  • Operating Expense: 2400.00
  • Rent Control: Yes
  • Total Expenses: 2400.00

Tax Info

  • Tax Block: H
  • Tax Census Tract: 5426.01
  • Tax Lot: 6
  • TaxOtherAnnualAssessmentAmount: 753.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 14, 2024
Sold by
Musgrove Kerrie Kerresha
Bought by
Kerrie Kerresha Musgrove Trust and Musgrove
Current Estimated Value
$851,718

Purchase Details

Closed on
Oct 7, 2022
Sold by
Hector Carlos Soto Revocable Trust
Bought by
Musgrove Kerrie Kerresha

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$582,000
Interest Rate
7.08%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 18, 2018
Sold by
Soto Hector Carlos
Bought by
Soto Hector Carlos and Soto Hector Carlos

Purchase Details

Closed on
Feb 16, 2018
Sold by
Soto Hector Carlos and Soto Family Living Trust
Bought by
Soto Hector Carlos

Purchase Details

Closed on
Mar 22, 2012
Sold by
Soto Consuelo G
Bought by
Soto Jesus A and Soto Consuelo G
Source: Public Records

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
Kerrie Kerresha Musgrove Trust -- None Listed On Document
Musgrove Kerrie Kerresha $600,000 Chicago Title Company
Soto Hector Carlos -- None Available
Soto Hector Carlos -- None Available
Soto Jesus A -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Musgrove Kerrie Kerresha $582,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/08/2022 12/08/22 Sold $600,000 -24.9% $237 / Sq Ft
09/01/2022 09/01/22 For Sale $799,000 -- $316 / 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 $14,600 $832,320 $520,200 $312,120
2024 $14,600 $816,000 $510,000 $306,000
2023 $14,518 $800,000 $500,000 $300,000
2022 $5,529 $304,300 $129,644 $174,656
2021 $5,572 $298,334 $127,102 $171,232
2020 $5,476 $295,276 $125,799 $169,477
2019 $5,415 $289,487 $123,333 $166,154
2018 $7,113 $404,010 $134,669 $269,341
2016 $4,901 $272,793 $116,221 $156,572
2015 $4,686 $268,697 $114,476 $154,221
2014 $4,605 $263,435 $112,234 $151,201
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV22192203

California Regional Multiple Listing Service (CRMLS)

APN: 6153-023-005