231 E Reeve St Compton, CA 90220
Estimated Value: $805,000 - $934,000
5
Beds
4
Baths
1,992
Sq Ft
$433/Sq Ft
Est. Value
About This Home
As of May 2019Attention 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
Century 21 Allstars License #01779654 Listed on: 01/04/2019
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $11,959
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
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%
Total Days on Market
60
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$282,868
Avg. Annual Appreciation
6.72%
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
Similar Homes in Compton, CA
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Home Values in the Area
Average Home Value in this Area
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 | $182,405 | |
| Previous Owner | Valencia Martha | $400,000 | |
| 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 | Change | Sq Ft Price |
|---|---|---|---|---|
| 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
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 |
|---|---|---|---|---|
| 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
160 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: DW19005427
APN: 6163-027-013
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