NOT LISTED FOR SALE

215 N Burris Ave Compton, CA 90221

Estimated Value: $896,000 - $1,046,000

11 Beds
6 Baths
4,130 Sq Ft
$242/Sq Ft Est. Value

Last Sold June 13, 2024

Last sale price $1,000,000 $242 Per Sq Ft

Current estimated payment $6,198/month

194 Days on Market

About This Home

As of June 2024

Reduced Price. Huge opportunities and good rents await you with this fabulous Compton multi-family offering. Add this to your portfolio and start collecting rents immediately. Located in an area with a mix of single-family homes and multi-family homes. This near all 4-plex is centrally located to numerous amenities, job sector, parks, schools, and public transportation. The property features 4130sq' of total living space. The breakdown is: (1) 4 bedroom 2 bathroom unit, (1) 3 bedroom 2 bathroom unit, and (2) 2 bedroom 1 bathroom unit. Each unit also comes with on-site covered parking carports, All are currently rented with tenants and no delinquencies. The seller wants to sell with neighboring and facing building @ 217 N. Burris Ave which is separated by a courtyard, MLS #SR23151993.

Last Agent to Sell the Property

Carey Eckert

Park Regency Realty Brokerage Phone: 818-298-9790 License #01344238 Listed on: 08/17/2023

Park Regency Realty

Last Buyer's Agent

Delimiro Ceja

CENTURY 21 REALTY MASTERS License #02055809

CENTURY 21 REALTY MASTERS

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1967

Lot Details

  • 7,248 Sq Ft Lot
  • Two or More Common Walls

Home Design

  • Quadruplex
  • Entry on the 1st floor

Interior Spaces

  • 4,130 Sq Ft Home
  • 2-Story Property
  • Neighborhood Views

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 6 Bathrooms

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Parking

  • 4 Parking Spaces
  • 4 Carport Spaces

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Legal Lot and Block 24 / 19
  • Tax Tract Number 5085
  • Assessor Parcel Number 6178013021
  • $1,192 per year additional tax assessments

Community Details

Overview

  • 4 Units

Building Details

  • Rent Control
  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $900
  • Fuel Expense $1,920
  • Gardener Expense $1,200
  • Insurance Expense $1,884
  • Maintenance Expense $2,000
  • Trash Expense $1,980
  • Water Sewer Expense $6,000
  • Operating Expense $15,884
  • Gross Income $90,468
  • Net Operating Income $90,468

Property Details

Home Type

Multi-Family

Year Built

Built in 1967

Lot Details

0

Listing Details

  • CapRate: 6.50
  • Property Attached: Yes
  • View: Yes
  • Water Sewer Expenses: 6000.00
  • Zoning: CORH*
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 6178013021
  • Year Built: 1967
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 242.13

Exterior Features

  • View: Neighborhood
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Carport Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Laundry: Yes
  • Sewer: Public Sewer
  • Trash Expense: 1980.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Curbs, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 6500-9999
  • Lot Size Sq Ft: 7248.00
  • Lot Size Acres: 0.1664
  • Latitude Manual: 33.89756300

Multi Family

  • Electric Expense: 900.00
  • Fuel Expense: 1920.00
  • Gross Income: 90468.00
  • Gross Multiplier: 12.00
  • Gross Scheduled Income: 90468.00
  • Insurance Expense: 1884.00
  • Laundry Equipment Own Lease: Lease
  • Lot Size Area: 7248.0000 Square Feet
  • Maintenance Expense: 2000.00
  • Net Operating Income: 90468.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 15884.00
  • Rent Control: Yes
  • Total Expenses: 15884.00

Tax Info

  • Tax Block: 19
  • Tax Census Tract: 5416.05
  • Tax Lot: 24
  • Tax Tract Number: 5085
  • TaxOtherAnnualAssessmentAmount: 1192.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 17, 2023
Closed on
Jun 6, 2024
Sold by
Wilbert Williams and Wilbert Althea J
Bought by
Interiano Jose I Menendez and Morejon Sandra M
Seller's Agent
Carey Eckert
Park Regency Realty
Buyer's Agent
Delimiro Ceja
CENTURY 21 REALTY MASTERS
List Price
$1,075,000
Sold Price
$1,000,000
Premium/Discount to List
-$75,000
-6.98%
Views
170
Current Estimated Value
$999,690

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$310
Avg. Annual Appreciation
-0.02%
Original Mortgage
$800,000
Outstanding Balance
$790,176
Interest Rate
7.22%
Mortgage Type
New Conventional
Estimated Equity
$209,514

Purchase Details

Closed on
May 26, 1998
Sold by
Williams Wilbert
Bought by
Williams Wilbert and Williams Althea Jurine
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Interiano Jose I Menendez $1,000,000 Fidelity - Sherman Oaks
Williams Wilbert -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Interiano Jose I Menendez $800,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/13/2024 06/13/24 Sold $1,000,000 -7.0% $242 / Sq Ft
03/06/2024 03/06/24 For Sale $1,075,000 +7.5% $260 / Sq Ft
02/27/2024 02/27/24 Pending -- -- --
02/08/2024 02/08/24 Off Market $1,000,000 -- --
01/02/2024 01/02/24 Price Changed $1,075,000 -6.5% $260 / Sq Ft
12/15/2023 12/15/23 For Sale $1,150,000 0.0% $278 / Sq Ft
09/12/2023 09/12/23 Pending -- -- --
08/17/2023 08/17/23 For Sale $1,150,000 -- $278 / 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 $11,344 $1,020,000 $510,000 $510,000
2024 $11,344 $624,482 $176,737 $447,745
2023 $3,469 $138,291 $26,618 $111,673
2022 $3,317 $135,581 $26,097 $109,484
2021 $3,309 $132,924 $25,586 $107,338
2019 $3,226 $129,323 $24,828 $104,495
2018 $3,028 $126,795 $24,342 $102,453
2016 $2,847 $121,547 $23,398 $98,149
2015 $2,742 $119,722 $23,047 $96,675
2014 $2,720 $117,378 $22,596 $94,782
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR23151867

California Regional Multiple Listing Service (CRMLS)

APN: 6178-013-021