NOT LISTED FOR SALE

326 W Palm St Compton, CA 90220

1 Bed
1 Bath
5,320 Sq Ft
1923 Built

Last Sold September 24, 2018

Last sale price $1,150,000 $216 Per Sq Ft

17 Days on Market

About This Home

As of September 2018

*Ideal Location Next to Major Transportation, Police Station, Courthouse & Library, *New Exterior Paint & Landscaping, *Gated Entry, *Well-Maintained Property, *Considerable Upside in Rents, *Not Subject to Rent control

Last Agent to Sell the Property

Doug Rodermund

Morgan Skenderian License #01314304 Listed on: 08/07/2018

Last Buyer's Agent

Doug Rodermund

Morgan Skenderian License #01314304 Listed on: 08/07/2018

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1923

Lot Details

  • 7,779 Sq Ft Lot
  • No Common Walls
  • Density is 6-10 Units/Acre

Interior Spaces

  • 5,320 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Bathroom

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 3
  • Tax Tract Number 5425
  • Assessor Parcel Number 6160002006

Community Details

Building Details

  • 9 Separate Electric Meters
  • 9 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $900
  • Insurance Expense $2,001
  • Maintenance Expense $4,871
  • Other Expense $8,601
  • New Taxes Expense $13,750
  • Operating Expense $30,623
  • Gross Income $600
  • Net Operating Income $48,122

Additional Features

  • 8 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1923

Lot Details

0

Listing Details

  • CapRate: 4.40
  • Property Attached: No
  • Zoning: COPRH*
  • Property Type: Residential Income
  • Gardener Expense: 900.00
  • Parcel Number: 6160002006
  • Year Built: 1923
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 216.17

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 8.00

Utilities

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

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 7779.00

Multi Family

  • Gross Income: 600.00
  • Gross Multiplier: 13.55
  • Gross Operating Income: 78745.00
  • Gross Scheduled Income: 81180.00
  • Insurance Expense: 2001.00
  • Laundry Income: 600.00
  • Maintenance Expense: 4871.00
  • Maintenance Percent: 6.00
  • Net Operating Income: 48122.00
  • Number Of Separate Electric Meters: 9
  • Number Of Separate Gas Meters: 9
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 8
  • Operating Expense: 30623.00
  • Operating Expense Percent: 37.70
  • Other Expense: 8601.00
  • Other Expense Description: Utility
  • Rent Control: No
  • Total Expenses: 30623.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 13750.00
  • Tax Census Tract: 5425.02
  • Tax Lot: 3
  • Tax Tract Number: 5425
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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 Prior Sale
09/24/2018 09/24/18 Sold $1,150,000 +4.5% $216 / Sq Ft
08/07/2018 08/07/18 For Sale $1,100,000 +100.0% $207 / Sq Ft
02/01/2012 02/01/12 Sold $550,000 0.0% $103 / Sq Ft View Prior Sale
12/12/2011 12/12/11 Pending -- -- --
11/07/2011 11/07/11 For Sale $550,000 -- $103 / 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 $27,835 $1,617,720 $699,720 $918,000
2024 $27,835 $1,586,000 $686,000 $900,000
2023 $22,776 $1,265,195 $375,269 $889,926
2022 $21,466 $1,240,388 $367,911 $872,477
2021 $21,673 $1,216,068 $360,698 $855,370
2019 $21,049 $1,180,000 $350,000 $830,000
2018 $11,040 $568,507 $237,337 $331,170
2017 $10,691 $557,361 $232,684 $324,677
2016 $10,434 $546,433 $228,122 $318,311
2015 $9,990 $538,226 $224,696 $313,530
2014 $9,841 $527,684 $220,295 $307,389
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW18191064

California Regional Multiple Listing Service (CRMLS)