NOT LISTED FOR SALE

326 W Palm St Compton, CA 90220

1 Bed
1 Bath
5,320 Sq Ft
7,779 Sq Ft Lot

Sale Details

Date 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 in unit

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

7,779 Sq Ft Lot

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $27,907 $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)
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