NOT LISTED FOR SALE

231 E Reeve St Compton, CA 90220

Estimated Value: $819,000 - $920,000

5 Beds
4 Baths
1,992 Sq Ft
$440/Sq Ft Est. Value

Last Sold May 01, 2019

Last sale price $580,000 $291 Per Sq Ft

Est. 51% increase in value since last sale

Current estimated payment $5,606/month

60 Days on Market

About This Home

As of May 2019

Attention all Investors and first time homebuyers! This is a perfect triplex for rental income or live in one unit and rent the other two. The front unit is a 3 bedroom /2 bath, 2nd unit is a 1bed/1bath and 3rd unit is a 1bed/1bath. This property has a long driveway for enough parking for all units and a 3 car garage converted in living space. Seller has done some repairs to the FRONT unit. Property needs a bit TLC. Very motivated seller!

Last Agent to Sell the Property

Paola Melendez

Century 21 Allstars License #01779654 Listed on: 01/04/2019

Century 21 Allstars

Last Buyer's Agent

Paola Melendez

Century 21 Allstars License #01779654 Listed on: 01/04/2019

Century 21 Allstars

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1923

Lot Details

  • 9,008 Sq Ft Lot
  • Two or More Common Walls
  • Back Yard

Parking

  • 3 Car Garage

Home Design

  • 1,992 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Additional Features

  • Laundry Room
  • Sewer Not Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 11
  • Tax Tract Number 2883
  • Assessor Parcel Number 6163027013

Community Details

Overview

  • 2 Buildings
  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 3 Separate Water Meters
  • Insurance Expense $900
  • Trash Expense $960
  • Water Sewer Expense $1,680
  • New Taxes Expense $7,500
  • Operating Expense $11,040
  • Gross Income $41,400
  • Net Operating Income $38,880

Property Details

Home Type

Multi-Family

Year Built

Built in 1923

Lot Details

0

Parking

3

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 1680.00
  • Zoning: COPRH*
  • Property Type: Residential Income
  • Parcel Number: 6163027013
  • Year Built: 1923
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 291.16

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Laundry: Yes
  • Laundry Features: Inside
  • Sewer: None
  • Trash Expense: 960.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard
  • Lot Size Sq Ft: 9008.00
  • Lot Size Acres: 0.2068

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Income: 41400.00
  • Gross Scheduled Income: 48000.00
  • Insurance Expense: 900.00
  • Lot Size Area: 9008.0000 Square Feet
  • Net Operating Income: 38880.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 3
  • Number Of Units Total: 3
  • Operating Expense: 2520.00
  • Rent Control: No
  • Total Expenses: 11040.00

Tax Info

  • New Taxes Expense: 7500.00
  • Tax Census Tract: 5432.02
  • Tax Lot: 11
  • Tax Tract Number: 2883

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 4, 2019
Closed on
Mar 8, 2019
Sold by
Duong Socheat
Bought by
Avila Rigoberto
Seller's Agent
Paola Melendez
Century 21 Allstars
Buyer's Agent
Paola Melendez
Century 21 Allstars
List Price
$599,999
Sold Price
$580,000
Premium/Discount to List
-$19,999
-3.33%
Current Estimated Value
$877,046

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$297,046
Avg. Annual Appreciation
6.42%
Original Mortgage
$569,291
Interest Rate
3.75%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 2, 2009
Sold by
Us Bank National Association
Bought by
Duong Socheat

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$235,653
Interest Rate
5.25%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 23, 2008
Sold by
Valencia Martha
Bought by
Us Bank Na and Jp Morgan Chase Bank Na

Purchase Details

Closed on
Aug 3, 2004
Sold by
Valencia Martha and Valencia Trinidad
Bought by
Valencia Martha

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,500
Interest Rate
6.17%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 26, 1998
Sold by
Paez Felix and Valencia Trinidad
Bought by
Valencia Trinidad

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$25,000
Interest Rate
6.99%

Purchase Details

Closed on
Jan 27, 1997
Sold by
Garnica Guillermina
Bought by
Garnica Dolores

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$116,400
Interest Rate
7.74%

Purchase Details

Closed on
Dec 31, 1996
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Paez Felix and Valencia Trinidad

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$116,400
Interest Rate
7.74%

Purchase Details

Closed on
May 14, 1996
Sold by
Pichon Paul A and Pichon Merlene T
Bought by
Federal National Mortgage Association
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
Avila Rigoberto $580,000 Old Republic Title Company
Duong Socheat $240,000 Ticor Title Redlands
Us Bank Na $260,400 Accommodation
Valencia Martha -- Security Union Title
Valencia Trinidad -- Universal Title Company
Garnica Dolores -- First American Title Co
Paez Felix $120,000 First American
Federal National Mortgage Association $155,336 First American
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Avila Rigoberto $569,291
Previous Owner Duong Socheat $235,653
Previous Owner Valencia Martha $220,500
Previous Owner Valencia Trinidad $25,000
Previous Owner Paez Felix $116,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/01/2019 05/01/19 Sold $580,000 -2.5% $291 / Sq Ft
03/05/2019 03/05/19 Pending -- -- --
02/26/2019 02/26/19 Price Changed $595,000 -0.8% $299 / Sq Ft
01/04/2019 01/04/19 For Sale $599,999 -- $301 / 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 $11,959 $646,997 $334,654 $312,343
2024 $11,959 $634,312 $328,093 $306,219
2023 $11,797 $621,875 $321,660 $300,215
2022 $10,492 $609,682 $315,353 $294,329
2021 $10,599 $597,728 $309,170 $288,558
2020 $10,411 $591,600 $306,000 $285,600
2019 $5,414 $277,706 $173,568 $104,138
2018 $5,180 $272,262 $170,165 $102,097
2016 $4,924 $261,692 $163,558 $98,134
2015 $4,715 $257,762 $161,102 $96,660
2014 $4,642 $252,714 $157,947 $94,767
Source: Public Records

Agents Affiliated with this Home

  • Paola Melendez

    Seller's Agent in 2019

    Paola Melendez

    Century 21 Allstars

    (562) 225-4802

    5 in this area

    164 Total Sales

    Paola Melendez
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW19005427

California Regional Multiple Listing Service (CRMLS)

APN: 6163-027-013

California Los Angeles County Compton 90220

231 E Reeve St, Compton, CA

Not Listed for Sale

MultiFamily

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