NOT LISTED FOR SALE

324 W Magnolia St Compton, CA 90220

Estimated Value: $756,000 - $918,000

2 Beds
1 Bath
1,650 Sq Ft
$491/Sq Ft Est. Value

Last Sold November 19, 2020

Last sale price $620,000 $376 Per Sq Ft

Est. 31% increase in value since last sale

Current estimated payment $5,303/month

4 Days on Market

About This Home

As of November 2020

2 units in the heart of Compton. Two separate units, each have 2 bedrooms and 1 bath, both have been recently upgraded. They sit on a large lot, side yard has fruit trees that provide ample shade. There is plenty of yard for both families entertain and/or relax. Parking is not an issue, there is a 3 car garage and on site parking for 4 cars, all alley access.

Last Agent to Sell the Property

YADIRA MUNOZ

DIVERSIFIED WORKS License #01438489 Listed on: 08/18/2020

Last Buyer's Agent

JOSE GOMEZ

NATIONAL REALTY GROUP License #01320240

NATIONAL REALTY GROUP

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,146

Year Built

  • Built in 1937

Lot Details

  • 7,198 Sq Ft Lot
  • No Common Walls
  • Front Yard

Parking

  • 3 Open Parking Spaces
  • 3 Car Garage

Home Design

  • 1,650 Sq Ft Home

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Laundry

  • Laundry Room

Listing and Financial Details

  • Legal Lot and Block 26 / 1
  • Tax Tract Number 5922
  • Assessor Parcel Number 6157017022

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $50
  • Insurance Expense $600
  • Trash Expense $200
  • Water Sewer Expense $200
  • New Taxes Expense $7,750
  • Operating Expense $8,800
  • Gross Income $1,200
  • Net Operating Income $1,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,146

Year Built

Built in 1937

Lot Details

0

Parking

3

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 200.00
  • Zoning: COPRH*
  • Property Type: Residential Income
  • Parcel Number: 6157017022
  • Year Built: 1937
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 375.76

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 3.00

Utilities

  • Laundry: Yes
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Trash Expense: 200.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard
  • Lot Size Sq Ft: 7198.00
  • Lot Size Acres: 0.1652

Multi Family

  • Electric Expense: 50.00
  • Gross Income: 1200.00
  • Gross Scheduled Income: 1200.00
  • Insurance Expense: 600.00
  • Lot Size Area: 7198.0000 Square Feet
  • Net Operating Income: 1200.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 1200.00
  • Rent Control: Yes
  • Total Expenses: 8800.00

Tax Info

  • New Taxes Expense: 7750.00
  • Tax Block: 1
  • Tax Census Tract: 5426.02
  • Tax Lot: 26
  • Tax Tract Number: 5922

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 18, 2020
Closed on
Nov 12, 2020
Sold by
Reyes Teresa and Reyes Rigoberto
Bought by
Rodriguez Cristian D and Flemate Erica
Seller's Agent
YADIRA MUNOZ
DIVERSIFIED WORKS
Buyer's Agent
JOSE GOMEZ
NATIONAL REALTY GROUP
List Price
$620,000
Sold Price
$620,000
Current Estimated Value
$809,443

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$189,443
Avg. Annual Appreciation
4.53%
Original Mortgage
$589,132
Outstanding Balance
$526,630
Interest Rate
2.8%
Mortgage Type
FHA
Estimated Equity
$242,682

Purchase Details

Closed on
Sep 4, 2007
Sold by
Reyes Rigoberto and Reyes Teresa
Bought by
Reyes Teresa and Reyes Rigoberto

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Interest Rate
8.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 16, 2003
Sold by
Guidry Elwood
Bought by
Reyes Rigoberto and Valencia Teresa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$248,320
Interest Rate
5.13%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 27, 2000
Sold by
Marcos Renato S
Bought by
Guidry Elwood

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$157,500
Interest Rate
10.4%

Purchase Details

Closed on
Aug 22, 2000
Sold by
Marcos Amor Landas
Bought by
Marcos Renato S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$35,000
Interest Rate
8.11%
Mortgage Type
Unknown

Purchase Details

Closed on
Aug 8, 2000
Sold by
Bank Of New York
Bought by
Marcos Renato S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$35,000
Interest Rate
8.11%
Mortgage Type
Unknown

Purchase Details

Closed on
Jun 21, 2000
Sold by
Reed Wilma
Bought by
Bank Of New York

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$116,200
Interest Rate
8.15%

Purchase Details

Closed on
Jul 27, 1999
Sold by
Betha Kathy and Westchester Property Managemen
Bought by
Reed Wilma

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,000
Interest Rate
9.62%

Purchase Details

Closed on
Jun 16, 1999
Sold by
Betha Kathy
Bought by
Betha Kathy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,000
Interest Rate
9.62%

Purchase Details

Closed on
May 28, 1999
Sold by
Westchester Property Management Llc
Bought by
Betha Kathy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,000
Interest Rate
9.62%

Purchase Details

Closed on
Jan 15, 1999
Sold by
Bochner Dan Z
Bought by
Betha Kathy and Westchester Property Managemen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$77,000
Interest Rate
6.63%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Dec 11, 1998
Sold by
Sanchez Palemon M and Cheatham Louis C
Bought by
Bochner Dan Z

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$77,000
Interest Rate
6.63%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Oct 15, 1994
Sold by
Welsh Tom
Bought by
Sanchez Palemon M and Cheatham Louis C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$65,000
Interest Rate
8.5%
Source: Public Records

Range of Values:

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Average Value
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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
Rodriguez Cristian D $600,000 Chicago Title Company
Reyes Teresa -- Chicago Title Co
Reyes Rigoberto $256,000 Southland Title
Guidry Elwood $175,000 United Title Company
Marcos Renato S -- Landsafe Title
Marcos Renato S $95,000 Landsafe Title
Bank Of New York $95,402 Landsafe Title
Reed Wilma $160,000 American Title Co
Betha Kathy -- --
Betha Kathy -- --
Betha Kathy -- --
Bochner Dan Z $74,397 First Southwestern Title Co
Sanchez Palemon M $65,000 North American Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rodriguez Cristian D $589,132
Previous Owner Reyes Teresa $350,000
Previous Owner Reyes Rigoberto $248,320
Previous Owner Guidry Elwood $157,500
Previous Owner Marcos Renato S $116,200
Previous Owner Reed Wilma $112,000
Previous Owner Betha Kathy $77,000
Previous Owner Sanchez Palemon M $65,000
Closed Reed Wilma $25,015
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/19/2020 11/19/20 Sold $620,000 0.0% $376 / Sq Ft
08/22/2020 08/22/20 Pending -- -- --
08/18/2020 08/18/20 For Sale $620,000 -- $376 / 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 $12,146 $671,106 $216,485 $454,621
2024 $12,146 $657,948 $212,241 $445,707
2023 $11,981 $645,048 $208,080 $436,968
2022 $10,654 $632,400 $204,000 $428,400
2021 $10,771 $620,000 $200,000 $420,000
2020 $6,081 $332,797 $152,097 $180,700
2019 $6,012 $326,272 $149,115 $177,157
2018 $5,784 $319,876 $146,192 $173,684
2016 $5,503 $307,457 $140,516 $166,941
2015 $5,261 $302,840 $138,406 $164,434
2014 $5,168 $296,908 $135,695 $161,213
Source: Public Records

Agents Affiliated with this Home

  • Y

    Seller's Agent in 2020

    YADIRA MUNOZ

    DIVERSIFIED WORKS

    (562) 463-9919

    1 in this area

    8 Total Sales

    YADIRA MUNOZ
    Section Image

  • J

    Buyer's Agent in 2020

    JOSE GOMEZ

    NATIONAL REALTY GROUP

    (951) 247-7305

    1 in this area

    34 Total Sales

    JOSE GOMEZ
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: MB20168377

California Regional Multiple Listing Service (CRMLS)

APN: 6157-017-022

California Los Angeles County Compton 90220

324 W Magnolia St, Compton, CA

This home is located at 324 W Magnolia St, Compton, CA 90220 since 18 August 2020 and is currently estimated at $809,443, approximately $490 per square foot. This property was built in 1937. 324 W Magnolia St is a home located in Los Angeles County with nearby schools including Dickison Elementary School, Benjamin O. Davis Middle School, and Compton 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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