$1,850,000
SOLD SEP 24, 2018

2327 E Myrrh St Compton, CA 90221

3 Beds
2 Baths
7,160 Sq Ft
0.28 Acres

Recently Sold

$258 Per Sq Ft

3% Above List Price

35 Days on Market

About This Home

As of August 2019

*New Roof, Exterior Paint & Landscaping, *Great Mix of 1 & 2-Bedroom Units, *Ideal Location in a Residential Neighborhood, *6.2% Cap Rate & 11.10 GRM on Market Rents, *Considerable Upside in Rents, *Not Subject to Rent Control

Last Agent to Sell the Property

Doug Rodermund

Morgan Skenderian License #01314304 Listed on: 07/20/2018

Last Buyer's Agent

Doug Rodermund

Morgan Skenderian License #01314304 Listed on: 07/20/2018

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 0.28 Acre Lot
  • No Common Walls
  • Density is 6-10 Units/Acre

Interior Spaces

  • 7,160 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Parking

  • 10 Parking Spaces
  • 10 Carport Spaces

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Listing and Financial Details

  • Tax Lot 4
  • Tax Tract Number 5421
  • Assessor Parcel Number 6180008024

Community Details

Overview

  • 2 Buildings
  • 10 Units

Amenities

  • Laundry Facilities

Building Details

  • 11 Separate Electric Meters
  • 11 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $600
  • Insurance Expense $2,330
  • Other Expense $11,342
  • New Taxes Expense $22,500
  • Operating Expense $45,447
  • Gross Income $1,200
  • Net Operating Income $78,635

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

0

Listing Details

  • CapRate: 4.40
  • Other Phone Description: Office Phone
  • Other Phone Number: 9492518800
  • Property Attached: No
  • Zoning: CORM*
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 6180008024
  • Year Built: 1963
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 258.38

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 10.00
  • Total Parking Spaces: 10.00

Utilities

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

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 12084.00

Multi Family

  • Gross Income: 1200.00
  • Gross Multiplier: 14.07
  • Gross Operating Income: 124082.00
  • Gross Scheduled Income: 127920.00
  • Insurance Expense: 2330.00
  • Laundry Income: 1200.00
  • Net Operating Income: 78635.00
  • Number Of Separate Electric Meters: 11
  • Number Of Separate Gas Meters: 11
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 10
  • Operating Expense: 45447.00
  • Operating Expense Percent: 35.50
  • Other Expense: 11342.00
  • Other Expense Description: Utility
  • Rent Control: No
  • Total Expenses: 45447.00
  • Vacancy Allowance: 3838
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 22500.00
  • Tax Census Tract: 5421.05
  • Tax Lot: 4
  • Tax Tract Number: 5421

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

  • I

    Seller's Agent in 2019

    Isaac Rosales

    Berkshire Hathaway H.S.C.P.

    Section Image
  • Doug Rodermund

    Seller's Agent in 2018

    Doug Rodermund

    Morgan Skenderian

    (949) 295-8560

    8 in this area

    26 Total Sales

    Doug Rodermund
    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW18175091

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 and is currently priced at $1,850,000, approximately $258 per square foot. 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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