NOT LISTED FOR SALE

1702 N Wilmington Ave Compton, CA 90222

Estimated Value: $1,241,000 - $1,803,000

12 Beds
6 Baths
5,489 Sq Ft
$288/Sq Ft Est. Value

Last Sold August 23, 2018

Last sale price $1,111,000 $202 Per Sq Ft

Est. 42% increase in value since last sale

Current estimated payment $10,265/month

87 Days on Market

About This Home

As of August 2018

COURT ORDERED RECEIVERSHIP SALE! 4 SEPARATE RESIDENTIAL HOUSES ON 1 LOT EXCEEDING 35,000 SQ. FT. ACCESS TO PROPERTY FROM WILMINGTON AND ANZAC. ALL 4 PROPERTIES ARE OCCUPIED. TENANT'S PAY FOR ALL UTILITIES. LOT'S OF POTENTIAL FOR UPSIDE AND/OR DEVELOPMENT. BUYER TO VERIFY ALL RENT CONTROL LAWS AND/OR DEVELOPMENT OPPORTUNITIES WITH THE CITY OF COMPTON. PROPERTY SOLD AS-IS. ONLY 2 LEASE COPIES AVAILABLE TO SUCCESSFUL PURCHASER. PROJECTED RENTS ARE PER THE LAST APPRAISAL ON FILE. SELLER & LISTING BROKER MAKE NO GUARANTEE'S OF PROJECTED RENT AND BUYER SHALL DEPEND AND COMPLETE ON HIS/HER OWN DUE DILIGENCE. PLEASE, EMAIL/DOWNLOAD COPY OF COURT ORDER, AS-IS DISCLOSURE, AND ADDITIONAL TERMS DISCLOSURE. DO NOT DISTURB OCCUPANTS! SHOWINGS BY APPOINTMENT ONLY. (PROPERTY ADDRESSES: 1702, 1706, 1706 1/2 N. WILMINGTON AVE., AND 1707 N. ANZAC AVE.) -- RECEIVER HAS REQUESTED ALL OFFERS BE SUBMITTED BY 3/23/18 AT 5 PM!

Last Agent to Sell the Property

Fred Nabati

Trimax Realty, Inc. License #01276914 Listed on: 03/05/2018

Last Buyer's Agent

Michael Davoodpour

Trimax Realty, Inc. License #01460921

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $22,423

Year Built

  • Built in 1934

Lot Details

  • 0.81

Home Design

  • 5,489 Sq Ft Home

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 6 Bathrooms

Parking

  • 9 Open Parking Spaces
  • 9 Parking Spaces
  • 2 Covered Spaces
  • Driveway
  • Unassigned Parking

Additional Features

  • In Ground Pool
  • 0.81 Acre Lot

Community Details

  • 4 Buildings
  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 6155-014-015

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$22,423

Year Built

Built in 1934

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 5489
  • Year Built: 1934
  • Number Of Photos: 44
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Bedrooms: 12
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 6.00
  • Den: 0
  • Price Per S Q F T: 169.25

Exterior Features

  • Tennis Court Y/N: No
  • Pool: Yes

Garage/Parking

  • Other Spaces: 9
  • Covered Parking: 2
  • Parking Garage: Driveway, Garage - 2 Car, Unassigned
  • Total Parking: 9

Fee Information

  • Maintenance Expense: 6455.00

Lot Info

  • Assessed Improvement Value: 140692
  • Assessed Land Value: 151515
  • Assessor Parcel Number: 6155-014-015
  • Geocode Override: No
  • Lot Size Area: 35478

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 12.48
  • Number Of Units: 4
  • Total Annual Expense: 537.92
  • Type Of Units: 4 units
  • Vacancy Rate: 0%

Tax Info

  • Tax Expense: 11613.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 5, 2018
Closed on
Aug 14, 2018
Sold by
Robb Evans & Associates Llc
Bought by
Wilmingston Enterprise Llc
Seller's Agent
Fred Nabati
Trimax Realty, Inc.
Buyer's Agent
Michael Davoodpour
Trimax Realty, Inc.
List Price
$929,000
Sold Price
$1,111,000
Premium/Discount to List
$182,000
19.59%
Total Days on Market
87
Current Estimated Value
$1,582,079

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$471,079
Avg. Annual Appreciation
5.35%
Original Mortgage
$555,000
Outstanding Balance
$486,962
Interest Rate
4.5%
Mortgage Type
Commercial
Estimated Equity
$1,095,117

Purchase Details

Closed on
Jan 21, 2012
Sold by
Villa Aguacate
Bought by
1702 Wilmington Llc

Purchase Details

Closed on
Mar 21, 2011
Sold by
The Knight Marital Trust
Bought by
Villa Aguacate

Purchase Details

Closed on
Sep 5, 2003
Sold by
Knight Charlie Mae and Knight Revocable Trust
Bought by
Knight Charlie Mae and Knight Marital Trust

Purchase Details

Closed on
Jul 11, 2000
Sold by
Knight Leroy and Knight Charlie M
Bought by
Knight Leroy and Knight Charlie Mae

Purchase Details

Closed on
Jun 6, 1995
Sold by
Robinson Myrtle C
Bought by
Knight Leroy and Knight Charlie Mae

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$187,500
Interest Rate
7.88%
Source: Public Records

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Range of Values:

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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
Wilmingston Enterprise Llc $1,111,000 Orange Coast Title Company
1702 Wilmington Llc $270,000 None Available
Villa Aguacate $360,000 Orange Coast Title
Knight Charlie Mae -- --
Knight Leroy -- --
Knight Leroy $370,000 Pacific Title Guaranty Compa
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wilmingston Enterprise Llc $555,000
Closed Wilmington Enterprise Llc $555,000
Previous Owner 1702 Wilmington Llc $705,000
Previous Owner Knight Leroy $187,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/23/2018 08/23/18 Sold $1,111,000 0.0% $202 / Sq Ft
05/31/2018 05/31/18 Pending -- -- --
05/14/2018 05/14/18 Off Market $1,111,000 -- --
05/14/2018 05/14/18 For Sale $929,000 -16.4% $169 / Sq Ft
04/26/2018 04/26/18 Off Market $1,111,000 -- --
04/26/2018 04/26/18 For Sale $929,000 -16.4% $169 / Sq Ft
04/16/2018 04/16/18 Off Market $1,111,000 -- --
03/05/2018 03/05/18 For Sale $929,000 -- $169 / Sq Ft
Source: The MLS

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 $22,423 $1,215,036 $546,820 $668,216
2023 $22,167 $1,191,213 $536,099 $655,114
2022 $21,236 $1,167,857 $525,588 $642,269
2021 $20,801 $1,144,959 $515,283 $629,676
2019 $20,518 $1,111,000 $500,000 $611,000
2018 $7,049 $298,050 $154,545 $143,505
2016 $6,658 $286,479 $148,545 $137,934
2015 $6,421 $282,177 $146,314 $135,863
2014 $6,356 $276,650 $143,448 $133,202
Source: Public Records

Agents Affiliated with this Home

  • Fred Nabati

    Seller's Agent in 2018

    Fred Nabati

    Trimax Realty, Inc.

    (424) 704-3373

    1 in this area

    30 Total Sales

    Fred Nabati
    Section Image

  • M

    Buyer's Agent in 2018

    Michael Davoodpour

    Trimax Realty, Inc.

See All Agents

Map

Source: The MLS

MLS Number: 18-320338

The MLS

APN: 6155-014-015

California Los Angeles County Compton 90222

1702 N Wilmington Ave, Compton, CA

This home is located at 1702 N Wilmington Ave, Compton, CA 90222 since 05 March 2018 and is currently estimated at $1,582,079, approximately $288 per square foot. This property was built in 1934. 1702 N Wilmington Ave is a home located in Los Angeles County with nearby schools including Washington Elementary School, Benjamin O. Davis Middle School, and Centennial High School.

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