NOT LISTED FOR SALE

209 S Willow Ave Compton, CA 90221

6 Beds
4 Baths
5,301 Sq Ft
6,758 Sq Ft Lot

Last Sold September 23, 2024

Last sale price $1,350,000 $255 Per Sq Ft

264 Days on Market

About This Home

As of September 2024

209 S. Willow Avenue offers a buyer an excellent investment opportunity to purchase a 6-unit building in Compton, California. Compton is known as the "Hub City" because of its exact geographical location in the center of Los Angeles County with easy access to all Los Angeles area freeways. This property is located next to the Alameda Corridor, a passageway of 25 percent of all U.S. waterborne international. Compton is rapidly emerging as a large industrial center in Los Angeles County for transit and distribution, business services, high technology, home and lifestyle products, metals, financial serves and textile manufacturing. This investment opportunity consists of (1) one bedroom/one bathroom, (4) two bedroom/one bathroom and (1) three bedroom/two bathroom units. This property also features carports, large floorplans, and on-site laundry. It offers a new owner the opportunity to easily increase rents and further increase the already high cash on cash return.

Last Agent to Sell the Property

Doug Rodermund

Morgan Skenderian Brokerage Email: dsr@morganskenderian.com License #01314304 Listed on: 01/03/2024

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $17,563

Year Built

  • Built in 1963

Lot Details

  • 6,758 Sq Ft Lot
  • 1 Common Wall

Home Design

  • Apartment
  • Entry on the 1st floor

Interior Spaces

  • 5,301 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Parking

  • 5 Parking Spaces
  • 5 Carport Spaces
  • Parking Available
  • Assigned Parking

Outdoor Features

  • Rain Gutters

Listing and Financial Details

  • Tax Lot 39
  • Tax Tract Number 2
  • Assessor Parcel Number 6179002025
  • $1,780 per year additional tax assessments

Community Details

Building Details

  • 7 Separate Electric Meters
  • 7 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $2,114
  • Fuel Expense $2,114
  • Gardener Expense $600
  • Insurance Expense $2,626
  • Maintenance Expense $7,119
  • Trash Expense $2,114
  • Water Sewer Expense $2,114
  • Operating Expense $36,964
  • Gross Income $116,282
  • Net Operating Income $79,318

Additional Features

  • 6 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$17,563

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Assessments: Yes
  • CapRate: 5.70
  • Property Attached: Yes
  • Water Sewer Expenses: 2114.00
  • Zoning: COPRH*
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 6179002025
  • Year Built: 1963
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 1 Common Wall
  • Entry Level: 1
  • Price Per Square Foot: 254.67

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 5.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 5.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Trash Expense: 2114.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Gutters, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 6500-9999
  • Lot Size Sq Ft: 6758.00
  • Lot Size Acres: 0.1551

Multi Family

  • Electric Expense: 2114.00
  • Fuel Expense: 2114.00
  • Gross Multiplier: 11.84
  • Gross Operating Income: 116282.00
  • Gross Scheduled Income: 118656.00
  • Insurance Expense: 2626.00
  • Lot Size Area: 6758.0000 Square Feet
  • Maintenance Expense: 7119.00
  • Net Operating Income: 79318.00
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 6
  • Operating Expense: 36964.00
  • Rent Control: No
  • Total Expenses: 36964.00

Tax Info

  • Tax Census Tract: 5424.01
  • Tax Lot: 39
  • Tax Tract Number: 2
  • Tax Annual Amount: 17563.00
  • TaxOtherAnnualAssessmentAmount: 1780.00

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
09/23/2024 09/23/24 Sold $1,350,000 -3.9% $255 / Sq Ft
01/03/2024 01/03/24 For Sale $1,405,000 -- $265 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Doug Rodermund

    Seller's Agent in 2024

    Doug Rodermund

    Morgan Skenderian

    (949) 295-8560

    8 in this area

    32 Total Sales

    Doug Rodermund
    Section Image

  • N

    Buyer's Agent in 2024

    NoEmail NoEmail

    NONMEMBER MRML

    (646) 541-2551

    16 in this area

    6,159 Total Sales

    NoEmail NoEmail
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW24001577

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

209 S Willow 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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