NOT LISTED FOR SALE

242 E Johnson St Compton, CA 90220

Estimated Value: $816,000 - $1,111,000

5 Beds
3 Baths
3,392 Sq Ft
$302/Sq Ft Est. Value

Last Sold February 20, 2018

Last sale price $660,000 $195 Per Sq Ft

Est. 55% increase in value since last sale

Current estimated payment $6,461/month

26 Days on Market

About This Home

As of February 2018

Four units in a great rental area walking distance to huge new shopping center with Starbucks, Target, Home Depot and so much more. Close to the 91 freeway. Three 2 bedroom units in back and one 3 bedroom 2 bath separate house in front. Carport for parking and storage. All units are rented with an upside in rents and all units were totally remodeled 2 years ago.

Last Agent to Sell the Property

Suzanne Hajian

Amberwood Real Estate, Inc. License #01834379 Listed on: 10/13/2017

Amberwood Real Estate, Inc.

Last Buyer's Agent

Leticia Moreno

Rodrigo Prieto License #01949327

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1926

Lot Details

  • 8,568 Sq Ft Lot
  • Two or More Common Walls
  • Front Yard

Home Design

  • 3,392 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room

Parking

  • 4 Open Parking Spaces
  • 8 Parking Spaces
  • 4 Carport Spaces

Listing and Financial Details

  • Tax Lot 022
  • Tax Tract Number 23
  • Assessor Parcel Number 6163023022

Community Details

Overview

  • 2 Buildings
  • 4 Units

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,400
  • Water Sewer Expense $4,800
  • New Taxes Expense $7,200
  • Operating Expense $13,400
  • Gross Income $51,600
  • Net Operating Income $46,800

Property Details

Home Type

Multi-Family

Year Built

Built in 1926

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 4800.00
  • Zoning: COPRH*
  • Property Type: Residential Income
  • Parcel Number: 6163023022
  • Year Built: 1926
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 194.58

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 4.00
  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 4.00

Utilities

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

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard
  • Lot Size Sq Ft: 8568.00

Multi Family

  • Average2 Bed Area: 800 Square Feet
  • Average3 Bed Area: 1000 Square Feet
  • Gross Income: 51600.00
  • Gross Scheduled Income: 51600.00
  • Insurance Expense: 1400.00
  • Net Operating Income: 46800.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 4800.00
  • Rent Control: No
  • Total Actual Rent: 4300.00
  • Total Expenses: 13400.00

Tax Info

  • New Taxes Expense: 7200.00
  • Tax Census Tract: 5432.02
  • Tax Lot: 022
  • Tax Tract Number: 023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 16, 2017
Sold by
Cash Ronald D and Cash Jeanie M
Bought by
Castillo Juan Manuel and Castillo Fabiola
Current Estimated Value
$1,024,168

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$495,000
Interest Rate
3.95%
Mortgage Type
New Conventional

Purchase Details

Listed on
Dec 16, 2014
Closed on
Feb 5, 2015
Sold by
Watkins Ruby M
Bought by
The Cash Family Trust
Seller's Agent
Judy Sarinana
Century 21 A Better Service
Buyer's Agent
Judy Sarinana
Century 21 A Better Service
List Price
$379,000
Sold Price
$325,000
Premium/Discount to List
-$54,000
-14.25%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.13%
Original Mortgage
$360,000
Interest Rate
3.66%
Mortgage Type
Purchase Money Mortgage
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
Castillo Juan Manuel $660,000 Ticor Title Company Of Calif
The Cash Family Trust $325,000 Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Castillo Juan Manuel $495,000
Previous Owner The Cash Family Trust $360,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/20/2018 02/20/18 Sold $660,000 -5.7% $195 / Sq Ft
11/08/2017 11/08/17 Pending -- -- --
10/13/2017 10/13/17 For Sale $699,900 +115.4% $206 / Sq Ft
02/10/2015 02/10/15 Sold $325,000 -14.2% $96 / Sq Ft View Prior Sale
01/16/2015 01/16/15 Pending -- -- --
12/16/2014 12/16/14 For Sale $379,000 -- $112 / 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 $13,145 $750,963 $261,699 $489,264
2024 $13,145 $736,239 $256,568 $479,671
2023 $12,994 $721,804 $251,538 $470,266
2022 $12,248 $707,652 $246,606 $461,046
2021 $12,363 $693,777 $241,771 $452,006
2020 $12,143 $686,664 $239,292 $447,372
2019 $12,002 $673,200 $234,600 $438,600
2018 $8,558 $470,034 $158,438 $311,596
2016 $8,122 $451,785 $152,287 $299,498
2015 $1,773 $65,440 $12,014 $53,426
2014 $1,771 $64,159 $11,779 $52,380
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW17235367

California Regional Multiple Listing Service (CRMLS)

APN: 6163-023-022