NOT LISTED FOR SALE

307 W Magnolia St Compton, CA 90220

8 Beds
8 Baths
5,544 Sq Ft
5,663 Sq Ft Lot

Last Sold October 03, 2016

Last sale price $790,000 $142 Per Sq Ft

146 Days on Market

About This Home

As of October 2016

8 - 1 BEDROOM UNITS, EACH UNIT HAS A ADDITIONAL CLOSET BEING USED AS A BONUS ROOM, CEMTRALY LOCATED IN GOOD CONDITION, AROUND THE CORNER FROM COMPTON CITY HALL & METRO STATION AND BUSINESSES.

Last Agent to Sell the Property

Roberto Cruz

Excellence RE Real Estate License #01070064 Listed on: 04/15/2016

Last Buyer's Agent

Nadege Labat

West Shores Realty, Inc. License #01298033

West Shores Realty, Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1927

Lot Details

  • 5,992 Sq Ft Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 8 Car Garage

Home Design

  • 5,544 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Bathrooms

Location

  • Urban Location

Listing and Financial Details

  • Tax Lot 2
  • Tax Tract Number 5922
  • Assessor Parcel Number 6157017030

Community Details

Overview

  • No Home Owners Association
  • 8 Units

Building Details

  • 8 Leased Units
  • 8 Separate Electric Meters
  • 8 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $400
  • Insurance Expense $2,000
  • Water Sewer Expense $5,400
  • Gross Income $6,375
  • Net Operating Income $63,660

Property Details

Home Type

Multi-Family

Year Built

Built in 1927

Lot Details

5,992 Sq Ft Lot

Parking

8

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 5400.00
  • Zoning: CORH
  • Property Type: Residential Income
  • Parcel Number: 6157017030
  • Year Built: 1927
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 142.50

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 8.00
  • Total Parking Spaces: 8.00

Utilities

  • Utilities: Sewer Available
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 5992.00
  • Price Per Lot Square Foot: 139.77

Multi Family

  • Electric Expense: 400.00
  • Gross Income: 6375.00
  • Gross Scheduled Income: 76500.00
  • Insurance Expense: 2000.00
  • Net Operating Income: 63660.00
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 8
  • Number Of Units Total: 8
  • Operating Expense: 12840.00
  • Rent Control: No
  • Total Actual Rent: 6375.00

Tax Info

  • Tax Lot: 2
  • Tax Tract Number: 5922
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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 List to Sale Price per Sq Ft
10/03/2016 10/03/16 Sold $790,000 -11.2% $142 / Sq Ft
04/15/2016 04/15/16 For Sale $889,950 -- $161 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $17,668 $916,856 $232,114 $684,742
2024 $17,668 $898,879 $227,563 $671,316
2023 $17,464 $881,254 $223,101 $658,153
2022 $16,530 $863,976 $218,727 $645,249
2021 $16,640 $847,037 $214,439 $632,598
2019 $16,165 $821,916 $208,080 $613,836
2018 $15,779 $805,800 $204,000 $601,800
2016 $6,222 $231,252 $81,786 $149,466
2015 $5,997 $227,779 $80,558 $147,221
2014 $5,930 $223,318 $78,980 $144,338
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW16080446

California Regional Multiple Listing Service (CRMLS)
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