Seller's Agent in 2023
Evelyn Baez Gonzalez
Lyon Stahl Investment Real Estate, Inc.
(951) 902-3006
2 in this area
58 Total Sales
308 N Culver Ave Compton, CA 90220
Estimated Value: $934,000 - $1,013,000
6
Beds
3
Baths
2,448
Sq Ft
$392/Sq Ft
Est. Value
Highlights
- Bungalow
- Asbestos
- No Heating
- Bike Trail
- Wire Fence
- 1-Story Property
About This Home
As of August 2023308 N Culver Ave is a three unit apartment complex located near down town Compton. Property is NOT subject to LA City rent control and rents can be increased 10% annually. Constructed in 1963 and sitting on a large 6,614 SF Lot Zoned COPRH. Property consists of 3 separate bungalow style buildings. Front building Apt# A is a 2 Bedroom/1 Bath unit, Apt# B is 2 Bedroom/1 Bath Unit with two single car garages attached, and Apt# C is a 2 Bedroom/1 Bath unit with 1 single car garage attached. Front unit can be delivered vacant. Apt#B is rented at $1,730, Apt#C is rented at $2,200. The property has ample on-site parking with 2 car per unit. This investment presents a tremendous value-add opportunity at 11.59 GRM and 6.14% Cap Rate on current rents. All units are separately metered for gas and electricity. Two tenants are all on month to month leases and one unit is in a rent ready condition. There is about 42% upside potential in rental income.
Last Agent to Sell the Property
Lyon Stahl Investment Real Estate, Inc. License #02103055 Listed on: 06/13/2023
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1963
Lot Details
- 6,614 Sq Ft Lot
- Two or More Common Walls
- Wire Fence
- Density is up to 1 Unit/Acre
Parking
- 3 Car Garage
Home Design
- Triplex
- Bungalow
- Entry on the 1st floor
- Fixer Upper
- Combination Foundation
- Asphalt Roof
- Asbestos
Interior Spaces
- 2,448 Sq Ft Home
- 1-Story Property
- Laminate Flooring
Bedrooms and Bathrooms
- 6 Bedrooms
- 3 Bathrooms
Utilities
- No Heating
- No Utilities
- Standard Electricity
Additional Features
- Exterior Lighting
- Urban Location
Listing and Financial Details
- Tenant pays for cable TV, electricity, gas
- Legal Lot and Block 25 / D
- Tax Tract Number 5426
- Assessor Parcel Number 6157015024
- $927 per year additional tax assessments
Community Details
Overview
- 3 Buildings
- 3 Units
Recreation
- Bike Trail
Building Details
- 3 Separate Electric Meters
- 3 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $1,200
- Water Sewer Expense $3,000
- New Taxes Expense $11,975
- Operating Expense $19,538
- Gross Income $73,560
- Net Operating Income $50,244
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 13, 2023
Closed on
Aug 3, 2023
Sold by
Gutierrez Brenda Ferrusquia
Bought by
Renteria Antonio
Seller's Agent
Evelyn Baez Gonzalez
Lyon Stahl Investment Real Estate, Inc.
Buyer's Agent
LUIS AGUIAR
Pinpoint Realtors
List Price
$950,000
Sold Price
$875,000
Premium/Discount to List
-$75,000
-7.89%
Views
179
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
$84,295
Avg. Annual Appreciation
3.97%
Purchase Details
Closed on
Aug 7, 2018
Sold by
Antonio Renteria Revocable Trust
Bought by
Franco Joel and Franco Maricela
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$655,000
Interest Rate
6.81%
Mortgage Type
New Conventional
Purchase Details
Closed on
Apr 3, 2017
Sold by
Renteria Juan and Renteria Joselyn
Bought by
Renteria Antonio
Purchase Details
Closed on
Jul 31, 1998
Sold by
Renteria Juan and Renteria Joselyn
Bought by
Renteria Juan and Renteria Joselyn
Purchase Details
Closed on
Dec 10, 1996
Sold by
Yates Dorothy Co Tr Yates Trust
Bought by
Renteria Juan and Renteria Joselyn
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$147,291
Interest Rate
7.62%
Mortgage Type
FHA
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Renteria Antonio | -- | First American Title | |
| Franco Joel | $875,000 | First American Title | |
| Renteria Antonio | -- | None Available | |
| Renteria Antonio | -- | None Available | |
| Renteria Juan | -- | -- | |
| Renteria Juan | $150,000 | Benefit Land Title Company |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Franco Joel | $655,000 | |
| Previous Owner | Renteria Juan | $147,291 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/16/2023 08/16/23 | Sold | $875,000 | 0.0% | $357 / Sq Ft |
| 07/14/2023 07/14/23 | Pending | -- | -- | -- |
| 07/10/2023 07/10/23 | Price Changed | $875,000 | -1.1% | $357 / Sq Ft |
| 06/28/2023 06/28/23 | Price Changed | $885,000 | -6.8% | $362 / Sq Ft |
| 06/13/2023 06/13/23 | For Sale | $950,000 | -- | $388 / 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 |
|---|---|---|---|---|
| 2025 | $15,131 | $892,500 | $535,500 | $357,000 |
| 2024 | $15,131 | $875,000 | $525,000 | $350,000 |
| 2023 | $6,279 | $266,102 | $109,569 | $156,533 |
| 2022 | $5,005 | $260,885 | $107,421 | $153,464 |
| 2021 | $5,037 | $255,770 | $105,315 | $150,455 |
| 2020 | $4,955 | $253,149 | $104,236 | $148,913 |
| 2019 | $4,898 | $248,187 | $102,193 | $145,994 |
| 2018 | $4,689 | $243,322 | $100,190 | $143,132 |
| 2017 | $4,563 | $238,552 | $98,226 | $140,326 |
| 2016 | $4,449 | $233,875 | $96,300 | $137,575 |
| 2015 | $4,261 | $230,363 | $94,854 | $135,509 |
| 2014 | $4,197 | $225,851 | $92,996 | $132,855 |
Source: Public Records
Agents Affiliated with this Home
-
Evelyn Baez Gonzalez
-
Olga Wright
Seller Co-Listing Agent in 2023
Olga Wright
Lyon Stahl Investment Real Estate, Inc.
(310) 425-9838
2 in this area
100 Total Sales
-
LUIS AGUIAR
Buyer's Agent in 2023
LUIS AGUIAR
Pinpoint Realtors
(310) 350-4351
3 in this area
57 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB23104427
APN: 6157-015-024
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.
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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