NOT LISTED FOR SALE

2234 E El Segundo Blvd Compton, CA 90222

Willowbrook Area
3 Beds
2 Baths
7,920 Sq Ft
0.43 Acre Lot

Sale Details

Date Sold: September 18, 2018

Last sale price $2,150,000 $271 Per Sq Ft

27 Days on Market

About This Home

As of September 2018

*Majority 2-Bedroom Units, *New Roof & New Exterior Paint, *Extra Large Lot, *Excellent Visibility Along a Main Thoroughfare, *Huge Upside Potential in Rents, *Not Subject to Rent Control, *10.56 GRM & 6.70% Cap Rate on Market Rents

Last Agent to Sell the Property

Doug Rodermund

Morgan Skenderian License #01314304 Listed on: 06/14/2018

Last Buyer's Agent

Ken Morgan

Morgan Skenderian License #01220368

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1959

Lot Details

  • 18,549 Sq Ft Lot
  • No Common Walls
  • Density is 11-15 Units/Acre

Interior Spaces

  • 7,920 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Parking

  • 12 Parking Spaces
  • 12 Carport Spaces

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 191
  • Tax Tract Number 5414
  • Assessor Parcel Number 6152006012

Community Details

Building Details

  • 13 Separate Electric Meters
  • 13 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $3,308
  • Other Expense $12,172
  • New Taxes Expense $26,250
  • Operating Expense $52,050
  • Gross Income $1,500
  • Net Operating Income $84,079

Additional Features

  • 12 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1959

Lot Details

0.43 Acres

Listing Details

  • CapRate: 4.00
  • Property Attached: No
  • Zoning: LCC3-P*
  • Property Type: Residential Income
  • Parcel Number: 6152006012
  • Year Built: 1959
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 271.46

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 12.00
  • Total Parking Spaces: 12.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 11-15 Units/Acre
  • Lot Size Sq Ft: 18549.00

Multi Family

  • Gross Income: 1500.00
  • Gross Multiplier: 14.96
  • Gross Operating Income: 136129.00
  • Gross Scheduled Income: 140340.00
  • Insurance Expense: 3308.00
  • Laundry Income: 1500.00
  • Net Operating Income: 84079.00
  • Number Of Separate Electric Meters: 13
  • Number Of Separate Gas Meters: 13
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 12
  • Operating Expense: 52050.00
  • Operating Expense Percent: 37.10
  • Other Expense: 12172.00
  • Other Expense Description: Utility
  • Rent Control: No
  • Total Expenses: 52050.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 26250.00
  • Tax Census Tract: 5414.00
  • Tax Lot: 191
  • Tax Tract Number: 5414

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 14, 2018
Closed on
Aug 23, 2018
Sold by
Bought by
Seller's Agent
Doug Rodermund
Morgan Skenderian
Buyer's Agent
Ken Morgan
Morgan Skenderian
List Price
$2,100,000
Sold Price
$2,150,000
Premium/Discount to List
$50,000
2.38%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,560,000
Interest Rate
4.5%
Mortgage Type
Commercial

Purchase Details

Closed on
May 6, 2011
Sold by
Bought by

Purchase Details

Closed on
Jul 5, 2001
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$2,150,000 Ticor Title
$900,000 Ticor Title
-- --
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $1,475,000
Closed $1,560,000
Previous Owner $862,500
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
09/18/2018 09/18/18 Sold $2,150,000 +2.4% $271 / Sq Ft
07/11/2018 07/11/18 Pending -- -- --
06/14/2018 06/14/18 For Sale $2,100,000 -- $265 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $35,168 $2,398,362 $1,115,517 $1,282,845
2024 $34,464 $2,351,337 $1,093,645 $1,257,692
2023 $33,386 $2,305,233 $1,072,201 $1,233,032
2022 $31,195 $2,260,033 $1,051,178 $1,208,855
2021 $31,541 $2,215,719 $1,030,567 $1,185,152
2019 $30,684 $2,150,000 $1,000,000 $1,150,000
2018 $16,972 $993,512 $331,170 $662,342
2017 $16,477 $974,032 $324,677 $649,355
2016 $16,123 $954,934 $318,311 $636,623
2015 $15,419 $940,591 $313,530 $627,061
2014 -- $922,167 $307,389 $614,778
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW18141773

California Regional Multiple Listing Service (CRMLS)
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