NOT LISTED FOR SALE

2327 E Myrrh St Compton, CA 90221

18 Beds
10 Baths
7,160 Sq Ft
0.28 Acres

Last Sold August 09, 2019

Last sale price $2,450,000 $342 Per Sq Ft

68 Days on Market

Highlights

  • Solar Power System
  • 0.28 Acre Lot
  • Traditional Architecture
  • Gated Community
  • Property is near public transit
  • Double Door Entry

About This Home

As of August 2019

5.9 CAP RATE & 10.4 CASH ON CASH !!! GREAT INCOME PERFORMING COMPLEX - This 10 unit multi-family complex with extensive capital expenditures and over $400,000 in capital improvements that Consisting of a very open and spacious layout, each unit has with brand new electrical, plumbing, all windows, walls, can provide a detailed list of all work done including, brand new custom kitchen cabinets with matching nutmeg granite counter, with new garbage disposal, faucet, bathroom vanity's, fixtures, doors. knobs, half mirrored closet doors, recessed lighting, lighted nickel platted fan and more. each unit also comes with there own recently purchased, stainless steel refrigerator, stove with oven and overhead microwave range. Safety and security is a top priority by providing a secure keyed entry, and remote gated access for all community vehicles to and from assigned carport space for each apartment. The complex also provides a community laundry area with brand new owner owned coin-operated washer and dryer machines that come with a 3 years service warranty. Balerno Castle also is offering it's limited warranty on roof, plumbing, electrical, and mechanical, with options for extensions please ask agent for additional information from listing agent. Don't miss out this opportunity to own in one of the few non rent control city's in Los Angeles county. "DON'T FORGET TO REVIEW THE PURCHASE ANALYSIS"

Last Agent to Sell the Property

Isaac Rosales

Berkshire Hathaway H.S.C.P. License #01389408 Listed on: 05/23/2019

Berkshire Hathaway H.S.C.P.

Last Buyer's Agent

Isaac Rosales

Berkshire Hathaway H.S.C.P. License #01389408 Listed on: 05/23/2019

Berkshire Hathaway H.S.C.P.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 0.28 Acre Lot
  • Two or More Common Walls
  • Landscaped
  • Rectangular Lot
  • Front Yard Sprinklers
  • Garden
  • Density is 6-10 Units/Acre

Home Design

  • Traditional Architecture
  • Property Attached
  • Turnkey
  • Slab Foundation
  • Composition Roof
  • Stucco

Interior Spaces

  • 7,160 Sq Ft Home
  • 2-Story Property
  • ENERGY STAR Qualified Windows
  • Insulated Windows
  • Blinds
  • Window Screens
  • Double Door Entry
  • Laundry Room

Kitchen

  • Gas Oven
  • Gas Cooktop
  • Microwave
  • ENERGY STAR Qualified Appliances
  • Disposal

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 18 Bedrooms
  • 10 Bathrooms

Home Security

  • Security Lights
  • Fire and Smoke Detector

Parking

  • 10 Parking Spaces
  • 10 Carport Spaces
  • Parking Available

Eco-Friendly Details

  • Energy-Efficient Construction
  • Energy-Efficient Incentives
  • Solar Power System

Location

  • Property is near public transit
  • Suburban Location

Utilities

  • Heating System Uses Natural Gas
  • Wall Furnace
  • 220 Volts in Kitchen
  • Natural Gas Connected
  • Gas Water Heater
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Assessor Parcel Number 6180008024

Community Details

Building Details

  • 10 Leased Units
  • 11 Separate Electric Meters
  • 11 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $792
  • Fuel Expense $5,088
  • Gardener Expense $720
  • Insurance Expense $3,277
  • Maintenance Expense $2,880
  • Professional Management Expense $9,598
  • Trash Expense $2,886
  • Water Sewer Expense $4,109
  • Security Expense $1,896
  • New Taxes Expense $43,063
  • Operating Expense $74,441
  • Gross Income $2,640
  • Net Operating Income $166,445

Additional Features

  • 10 Units
  • Laundry Facilities
  • Gated Community

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

0

Listing Details

  • CapRate: 6.28
  • Price Per Unit: 284999
  • Professional Management Expense: 9598.00
  • Property Attached: Yes
  • Road Surface Type: Paved
  • Security Expense: 1896.00
  • Security: Gated Community, Security Lights, Smoke Detector(s)
  • View: No
  • Water Sewer Expenses: 4109.00
  • Zoning: CORM*
  • Architectural Style: Traditional
  • Property Condition: Turnkey
  • Property Type: Residential Income
  • Gardener Expense: 720.00
  • Parcel Number: 6180008024
  • Year Built: 1963
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Laminate, Tile
  • Appliances: Yes
  • Door Features: Double Door Entry
  • Levels: Two
  • Price Per Square Foot: 342.18
  • Room Type: Kitchen
  • Window Features: Blinds, ENERGY STAR Qualified Windows, Insulated Windows, Screens

Exterior Features

  • Foundation: Slab
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Carport Spaces: 10.00
  • Parking: Yes
  • Parking Features: Carport
  • Total Parking Spaces: 10.00

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
  • Sprinklers: Yes
  • Heating: Yes
  • Laundry: Yes
  • Appliances: ENERGY STAR Qualified Appliances, Disposal, Gas Oven, Gas Range, Gas Cooktop, Gas Water Heater, Microwave, Refrigerator
  • Electric: 220 Volts in Kitchen, Electricity - On Property
  • Heating Type: Wall Furnace, Natural Gas
  • Laundry Features: Common Area, Community, Inside
  • Sewer: Public Sewer
  • Trash Expense: 2886.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Storm Drains, Suburban

Green Features

  • Efficiency: Construction, Incentives
  • Green Power: Solar

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre, Front Yard, Garden, Landscaped, Lot 10000-19999 Sqft, Rectangular Lot, Near Public Transit, Sprinkler System, Sprinklers In Front, Sprinklers Timer
  • Lot Size Sq Ft: 12084.00
  • Lot Size Acres: 0.2774

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average1 Bed Area: 635 Square Feet
  • Average2 Bed Area: 745 Square Feet
  • Electric Expense: 792.00
  • Fuel Expense: 5088.00
  • Gross Income: 2640.00
  • Gross Multiplier: 10.70
  • Gross Operating Income: 241224.00
  • Gross Scheduled Income: 247200.00
  • Gross Spendable Income: 166445.00
  • Insurance Expense: 3277.00
  • Laundry Equipment Own Lease: Own
  • Laundry Income: 2640.00
  • Lot Size Area: 12084.0000 Square Feet
  • Maintenance Expense: 2880.00
  • Maintenance Percent: 2.00
  • Net Operating Income: 166445.00
  • Number Of Separate Electric Meters: 11
  • Number Of Separate Gas Meters: 11
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 10
  • Number Of Units Total: 10
  • Number With Disposal: 10
  • Number With Range: 10
  • Number With Refrigerator: 10
  • Operating Expense: 74779.00
  • Operating Expense Percent: 31.00
  • Rent Control: No
  • Total Actual Rent: 247200.00
  • Total Expenses: 74441.00
  • Vacancy Allowance: 9888
  • Vacancy Allowance Rate: 4.00

Tax Info

  • New Taxes Expense: 43063.00
  • Tax Census Tract: 5421.05
  • Tax Lot: 00
  • Tax Tract Number: 00

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/09/2019 08/09/19 Sold $2,450,000 -7.2% $342 / Sq Ft
07/01/2019 07/01/19 Price Changed $2,639,999 -7.4% $369 / Sq Ft
05/23/2019 05/23/19 For Sale $2,849,999 +54.1% $398 / Sq Ft
09/24/2018 09/24/18 Sold $1,850,000 +2.8% $258 / Sq Ft
07/20/2018 07/20/18 For Sale $1,800,000 -- $251 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Isaac Rosales

    Seller's Agent in 2019

    Isaac Rosales

    Berkshire Hathaway H.S.C.P.

    (310) 754-0124

    3 in this area

    15 Total Sales

    Section Image
  • Doug Rodermund

    Seller's Agent in 2018

    Doug Rodermund

    Morgan Skenderian

    (949) 295-8560

    3 in this area

    18 Total Sales

    Doug Rodermund
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW19121452

California Regional Multiple Listing Service (CRMLS)

California Los Angeles County Compton 90221

2327 E Myrrh St, Compton, CA

This home is located at 2327 E Myrrh St, Compton, CA 90221 since 23 May 2019. This property was built in 1963. 2327 E Myrrh St is a home located in Los Angeles County with nearby schools including William Jefferson Clinton School, Roosevelt Middle School, and Dominguez High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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