NOT LISTED FOR SALE

2309 E Rosecrans Ave Compton, CA 90221

Estimated Value: $685,763 - $688,000

4 Beds
2 Baths
1,200 Sq Ft
$572/Sq Ft Est. Value

Last Sold November 01, 2016

Last sale price $362,500 $302 Per Sq Ft

Est. 89% increase in value since last sale

Current estimated payment $4,144/month

50 Days on Market

Highlights

  • Private Yard
  • Laundry Room
  • Wall Furnace
  • No HOA

About This Home

As of November 2016

Standard Sale! Cap Rate 7%, monthly positive cash flow $650+. This is based on a purchase utilizing a Conventional loan with 25% down payment and a 4.25% interest rate; fixed 30 year term. Duplex have been completely remodeled and updated two years ago. New thermostat wall heaters, new blinds and dual pane windows. Remodeled kitchen with newer appliances. All bathrooms were newly remodeled two years ago. Newer fence in the backyard and roof is less than two years old. No deferred maintenance cost for the new owner. This will be a great asset producing cash flow for the new owner. Compton is revitalizing and this asset will continue to rise in equity for years to come.

Last Agent to Sell the Property

Arcie Pragale

Coldwell Banker Realty License #01918710 Listed on: 06/15/2016

Coldwell Banker Realty

Last Buyer's Agent

Evelyn Arnold

Excellence Realty License #00327925

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1955

Lot Details

  • 5,050 Sq Ft Lot
  • 1 Common Wall
  • Private Yard

Parking

  • 2 Car Garage

Home Design

  • 1,200 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Kitchen
  • Gas Dryer Hookup

Utilities

  • Wall Furnace

Listing and Financial Details

  • Tax Lot 25
  • Tax Tract Number 8174
  • Assessor Parcel Number 6195007024

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $533
  • Trash Expense $20
  • Water Sewer Expense $60
  • New Taxes Expense $4,850
  • Gross Income $2,010
  • Net Operating Income $24,117

Property Details

Home Type

Multi-Family

Year Built

Built in 1955

Lot Details

0

Parking

2

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 60.00
  • Property Type: Residential Income
  • Parcel Number: 6195007024
  • Year Built: 1955
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 302.08

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Gas Dryer Hookup, In Closet, In Kitchen
  • Trash Expense: 20.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Yard
  • Lot Size Sq Ft: 5050.00
  • Price Per Lot Square Foot: 74.26

Multi Family

  • Gross Income: 2010.00
  • Gross Scheduled Income: 30600.00
  • Insurance Expense: 533.00
  • Net Operating Income: 24117.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 6483.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 4850.00
  • Tax Lot: 25
  • Tax Tract Number: 8174

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 24, 2016
Sold by
Vazquez Benny
Bought by
Liberty Utilities Park Water Corp
Current Estimated Value
$686,882

Purchase Details

Listed on
Feb 19, 2013
Closed on
Feb 15, 2013
Sold by
Noriega Rufo M and Noriega Carmen O
Bought by
Vazquez Benny
Seller's Agent
Eric Beler
Lifetime Realty Inc
Buyer's Agent
Arcie Pragale
Coldwell Banker Realty
List Price
$290,000
Sold Price
$290,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.97%
Original Mortgage
$232,000
Interest Rate
3.4%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 10, 2012
Closed on
Nov 5, 2012
Sold by
U S Bank Trust Na
Bought by
Noriega Rufo M and Noriega Carmen O
Seller's Agent
Orit Gadish
Geffen Real Estate
Buyer's Agent
Eric Beler
List Price
$173,500
Sold Price
$175,250
Premium/Discount to List
$1,750
1.01%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
504.25%

Purchase Details

Closed on
Apr 24, 2012
Sold by
Castillo Antonio
Bought by
U S Bank Trust Na

Purchase Details

Closed on
Dec 22, 2003
Sold by
Castillo Rebecca
Bought by
Castillo Antonio

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$113,000
Interest Rate
6.03%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 1, 2000
Sold by
Hernandez Fidencio and Hernandez Irene R
Bought by
Hernandez Irene R and Castillo Antonio

Purchase Details

Closed on
Oct 7, 1997
Sold by
Gonzales Josefina
Bought by
Hernandez Fidencio and Hernandez Irene R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$182,831
Interest Rate
7.07%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 5, 1993
Sold by
First Federal Bank Of California
Bought by
Gonzales Josefina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,000
Interest Rate
6.97%
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
Liberty Utilities Park Water Corp $362,500 Ticor Title
Vazquez Benny $290,000 Fidelity National Title Co
Noriega Rufo M $175,500 Servicelink
U S Bank Trust Na $126,168 None Available
Castillo Antonio -- United Title Company/La
Castillo Antonio -- United Title Company/La
Hernandez Irene R -- --
Hernandez Fidencio $188,000 Continental Lawyers Title Co
Gonzales Josefina $150,000 Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Vazquez Benny $232,000
Previous Owner Castillo Antonio $113,000
Previous Owner Hernandez Fidencio $182,831
Previous Owner Gonzales Josefina $135,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/01/2016 11/01/16 Sold $362,500 -9.4% $302 / Sq Ft
08/04/2016 08/04/16 Pending -- -- --
06/15/2016 06/15/16 For Sale $400,000 +37.9% $333 / Sq Ft
03/12/2013 03/12/13 Sold $290,000 0.0% $242 / Sq Ft View Prior Sale
02/02/2013 02/02/13 Pending -- -- --
01/22/2013 01/22/13 For Sale $290,000 +65.5% $242 / Sq Ft
11/28/2012 11/28/12 Sold $175,250 +1.0% $146 / Sq Ft View Prior Sale
11/05/2012 11/05/12 Pending -- -- --
09/10/2012 09/10/12 For Sale $173,500 -- $145 / 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 $6,424 $362,500 $362,500 --
2024 $6,424 $362,500 $362,500 --
2023 $6,465 $362,500 $362,500 $0
2022 $6,203 $362,500 $362,500 $0
2021 $6,389 $362,500 $362,500 $0
2019 $6,446 $362,500 $362,500 $0
2018 $6,391 $362,500 $362,500 $0
2016 $5,330 $301,666 $150,833 $150,833
2015 $5,092 $297,136 $148,568 $148,568
2014 $5,001 $291,316 $145,658 $145,658
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2016

    Arcie Pragale

    Coldwell Banker Realty

    Section Image

  • E

    Buyer's Agent in 2016

    Evelyn Arnold

    Excellence Realty

    (310) 635-7191

    9 Total Sales

    Evelyn Arnold
    Section Image

  • E

    Seller's Agent in 2013

    Eric Beler

    Lifetime Realty Inc

  • Orit Gadish

    Seller's Agent in 2012

    Orit Gadish

    Geffen Real Estate

    (323) 934-1430

    1 in this area

    73 Total Sales

    Orit Gadish
    Section Image

  • D

    Seller Co-Listing Agent in 2012

    David Gadish

    Geffen Real Estate

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: RS16131293

California Regional Multiple Listing Service (CRMLS)

APN: 6195-007-024

California Los Angeles County Compton 90221

2309 E Rosecrans Ave, Compton, CA

Not Listed for Sale

MultiFamily

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