NOT LISTED FOR SALE

1701 N Willowbrook Ave Compton, CA 90222

Estimated Value: $786,734

2 Beds
1 Bath
3,425 Sq Ft
$230/Sq Ft Est. Value

Last Sold October 05, 2015

Last sale price $400,000 $117 Per Sq Ft

Est. 97% increase in value since last sale

Current estimated payment $4,880/month

77 Days on Market

About This Home

As of October 2015

A Market and a 2 bed 1 bath house mixed use for sale. 20% Down SBA is possible for owner users. Big upside potential on rents. The market has beer and wine license and it is not the part of this sale but it can be negotiated seperately with the tenant. The market and the house are tenant occupied and both are on month to month lease.
The market is about 2500 Sq ft, $2250/ mo rent.
The house is about 900 Sq ft, $600/ mo rent.
All Utilities are paid by the tenants.
The seller pays for $1000/ yr in insurance and $2047/ yr property taxes.
There is a bus stop in front of the market.

Last Agent to Sell the Property

Wonnie Kim

Won Suk Kim Real Estate, Inc. License #01873341 Listed on: 07/17/2015

Last Buyer's Agent

Angie Lee

America Realty Los Angeles License #01880746

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1946

Lot Details

  • 7,499 Sq Ft Lot
  • No Common Walls
  • Back Yard

Home Design

  • 3,425 Sq Ft Home

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Parking

  • 1 Parking Space
  • Carport
  • Parking Available

Utilities

  • Wall Furnace

Listing and Financial Details

  • Tenant pays for electricity, gas, janitorial service, trash collection, water
  • Tax Lot 18
  • Assessor Parcel Number 6153026019

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $1,000
  • New Taxes Expense $2,047
  • Gross Income $31,153
  • Net Operating Income $31,153

Property Details

Home Type

Multi-Family

Year Built

Built in 1946

Lot Details

0

Listing Details

  • CapRate: 7.80
  • Property Attached: No
  • Property Type: Residential Income
  • Parcel Number: 6153026019
  • Year Built: 1946
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 116.79

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Carport
  • Total Parking Spaces: 1.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Heating Type: Wall Furnace
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Sidewalks

Lot Info

  • Lot Features: Back Yard
  • Lot Size Sq Ft: 7499.00
  • Price Per Lot Square Foot: 53.34
  • Lot Size Acres: 0.1720

Rental Info

  • Tenant Pays: Electricity, Gas, Janitorial Service, Trash Collection, Water

Multi Family

  • Gross Income: 31153.00
  • Gross Multiplier: 11.67
  • Gross Scheduled Income: 34200.00
  • Insurance Expense: 1000.00
  • Lot Size Area: 7499.0000 Square Feet
  • Net Operating Income: 31153.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Operating Expense: 3047.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 2047.00
  • Tax Lot: 18

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 4, 2015
Sold by
Lee Susan
Bought by
Drinkbrandyforcold Llc
Current Estimated Value
$786,734

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$254,000
Interest Rate
3.9%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 19, 2006
Sold by
Lee Song Woo
Bought by
Lee Susan

Purchase Details

Closed on
Sep 19, 2005
Sold by
Kim Maggi and The Kim Family Trust
Bought by
Lee Song Woo and Lee Susan

Purchase Details

Closed on
Apr 16, 2004
Sold by
Kim Maggi
Bought by
Lee Song Woo and Lee Susan
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
Drinkbrandyforcold Llc $390,000 Pacific Coast Title Company
Lee Susan -- None Available
Lee Song Woo -- None Available
Lee Song Woo -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Drinkbrandyforcold Llc $254,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/05/2015 10/05/15 Sold $400,000 +0.3% $117 / Sq Ft
10/02/2015 10/02/15 Pending -- -- --
07/17/2015 07/17/15 For Sale $399,000 -- $116 / 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 $9,049 $461,674 $266,351 $195,323
2024 $9,049 $452,623 $261,129 $191,494
2023 $8,779 $443,749 $256,009 $187,740
2022 $7,984 $435,049 $250,990 $184,059
2021 $8,305 $426,519 $246,069 $180,450
2020 $8,946 $422,146 $243,546 $178,600
2019 $7,814 $413,870 $238,771 $175,099
2018 $7,536 $405,756 $234,090 $171,666
2016 $7,148 $390,000 $225,000 $165,000
2015 $2,071 $76,630 $33,045 $43,585
2014 $2,047 $75,130 $32,398 $42,732
Source: Public Records

Agents Affiliated with this Home

  • Wonnie Kim

    Seller's Agent in 2015

    Wonnie Kim

    Won Suk Kim Real Estate, Inc.

    (213) 257-1999

    1 in this area

    127 Total Sales

    Wonnie Kim
    Section Image

  • A

    Buyer's Agent in 2015

    Angie Lee

    America Realty Los Angeles

    (213) 674-0791

    1 Total Sale

    Angie Lee
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW15156524

California Regional Multiple Listing Service (CRMLS)

APN: 6153-026-019

California Los Angeles County Compton 90222

1701 N Willowbrook Ave, Compton, CA

Not Listed for Sale

MultiFamily

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